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3M's adjusted organic sales grew 1.2%, missing analysts' expected 2% growth for the quarter.
KEY POINTS
- 3M plans to double manufacturing of its Expanded Beam Optical interconnects targeting data center customers.
- 3M partnered with Bain Capital to merge Scott Safety with Madison Fire Rescue, retaining a 50.1% stake.
- 3M affirmed its 2024 forecast for $8.50–$8.70 adjusted earnings per share and about 4% sales growth.
- Combined settlement payments for litigation totaled about $3.4 billion in 2025, affecting medium-term free cash flow.
COMPANIES
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