3M: raises FY EPS targets
(CercleFinance.com) - On its quarterly results, the industrial conglomerate 3M raises its adjusted EPS guidance for FY 2023 to $8.
95 to $9.15, vs. a previous target range of $8.60 to $9.10.
The St. Paul, Minnesota-based group now anticipates around a 3% decline in organic adjusted sales, at the lower end of its previous target range of -3% to stable.
It reported Q3 adjusted EPS of $2.68, up 3.1%, with an adjusted operating margin improving by 1.6 point to 23.2%, on adjusted sales of $8.02bn, down 3.1% organically.
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95 to $9.15, vs. a previous target range of $8.60 to $9.10.
The St. Paul, Minnesota-based group now anticipates around a 3% decline in organic adjusted sales, at the lower end of its previous target range of -3% to stable.
It reported Q3 adjusted EPS of $2.68, up 3.1%, with an adjusted operating margin improving by 1.6 point to 23.2%, on adjusted sales of $8.02bn, down 3.1% organically.
Copyright (c) 2023 CercleFinance.com. All rights reserved.