3m first-quarter results driven by strong operational performance; company initiates full-year 2024 guidance reflecting completion of solventum spin

Company delivers strong first quarter results: sales of $8.0 billion, down 0.3% yoy; adjusted sales of $7.7 billion with organic growth up ~1% yoy gaap earnings per share of $1.67, down 5% yoy; adjusted earnings of $2.39, up double digits yoy successfully completed the spin of solventum on april 1st finalized legal settlements for public water suppliers and combat arms earplugs initiates guidance on a continuing operations basis and updates capital allocation framework named william "bill" brown as ceo effective may 1st; mike roman will become executive chairman st. paul, minn.
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