MMM Q1 2023 Earnings — 3M Company Revenue & Financial Results | Market Cap Arena

MMM3M Company

$82B

Q1 2023 Earnings

Industrials Conglomerates

Income Statement

Revenue

$8.0B-9.0% YoY

Gross Profit

$3.4B42.2% margin

Operating Income

$1.3B15.6% margin

Net Income

$976M12.2% margin

EPS (Diluted)

$1.76

QoQ Revenue Growth

-0.6%

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

$800M

Stock-Based Comp.

$135M

Balance Sheet

Total Assets

$46.9B

Total Liabilities

$31.5B

Stockholders' Equity

$15.3B

Cash & Equivalents

$3.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.0B	$8.8B	-9.0%
Gross Profit	$3.4B	$4.0B	-15.5%
Operating Income	$1.3B	$1.7B	-25.0%
Net Income	$976M	$1.3B	-24.9%

Revenue Segments

Safety And Industrial Segment

$2.8B35%

Transportation And Electronics Segment

$2.0B26%

Health Care Segment

$2.0B25%

Consumer Segment

$1.2B15%

Geographic Segments

Americas

$4.4B55%

Asia Pacific

$2.2B27%

E M E A

$1.5B18%