3M Profit Sinks in 1Q as 2026 Views Reiterated

Published: 2026-04-21 07:29:25 ET MMM

Published on 04/21/2026 at 07:29 am EDT

By Rob Curran

3M reiterated 2026 adjusted-earnings and revenue-growth forecasts as higher demand for its industrial products and office supplies offset the impact of one-off charges on net income in the first quarter.

The St. Paul, Minn., maker of Post-it notes said first-quarter earnings totaled $653 million, or $1.23 a share, down from $1.12 billion, or $2.04 a share, a year earlier.

Stripping out certain one-off items, such as the costs associated with settlements on its production of PFAS--per- and polyfluoroalkyl substances, or forever chemicals--3M logged adjusted earnings of $2.14 a share, topping the Wall Street estimate of $1.98 a share, as per FactSet.

First-quarter sales rose 1.3% to $6.03 billion, edging past the average Wall Street target of $6.01 billion, as tallied by FactSet.

3M reiterated 2026 per-share adjusted earnings projection in a range between $8.50 and $8.70 a share, compared with the average analyst target of $8.65 a share. The diversified manufacturer also backed its sales-growth projection of 4% for the year from $24.3 billion in 2025. The company continues to anticipate organic sales growth, excluding acquisitions and other skew factors, of about 3%.

Shares were down 2.1% to $148.25 in premarket trading

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

04-21-26 0728ET