3M posted Q2 adjusted EPS of $2.40, up 11%, as net sales climbed to $6.5 billion on 5.4% organic growth.
Adjusted operating margin widened 0.4 percentage point to 24.9%, while free cash flow rose to $1.3 billion with 107% conversion.
Safety & Industrial sales increased to $3.09 billion on 8.2% organic growth; Transportation & Electronics rose to $2.07 billion on 5.9% organic growth.
Consumer net sales slipped to $1.25 billion, down 2.1% organically, on retailer inventory reductions in the U.S. and soft consumer demand.
Full-year guidance was raised to organic growth above 3.5% and adjusted EPS of $8.80 to $8.95, with free cash flow conversion above 100%.
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