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., April 30, 2024 /PRNewswire/ -- 3M (NYSE:MMM) today reported first-quarter results and initiated its 2024 financial earnings outlook reflecting Solventum as a discontinued operation for the full-year, including Q1. "We delivered results that were better than our expectations as we returned to organic growth and achieved double digit adjusted earnings growth. We improved performance in our businesses through strong operational execution, completed the spin-off of Solventum, and finalized two major legal settlements," said 3M chairman and CEO Mike Roman. "The progress we have made in executing our strategic priorities, positions the company for long-term shareholder value creation as Bill Brown assumes the role of 3M CEO." First-Quarter Highlights: Q1 2024 results are reported inclusive of the Health Care business segment, on the same basis on which 3M provided its first-quarter guidance. Q1 2024 Q1 2023 GAAP earnings per share $          1.67 $          1.76 Special items: Net costs for significant litigation 0.44 0.07 Other special items, net 0.28 0.14 Adjusted earnings per share (EPS) $          2.39 $          1.97 Memo: GAAP operating income margin 18.8 % 15.4 % Adjusted operating income margin 21.9 % 17.9 % GAAP earnings per share of $1.67 and operating margin of 18.8%. Adjusted EPS of $2.39, up 21 percent year-on-year. Adjusted operating income margin of 21.9%, an increase of 4.0 percentage points year-on-year. GAAP Adjusted (Non-GAAP) Net sales (Millions) $8,003