3M raises Q1 EPS view to $2.05-$2.20, consensus $2.11

3M (MMM) CEO Michael Roman spoke earlier at J.P. Morgan’s 2024 Industrials Conference, stating that the company is “on track” for its $7.6B revenue guidance for Q1 and raised its Q1 EPS view to $2.05-$2.20 from a prior view of $2.00-$2.15, pointing to interest from its Solventum (SOLV) debt raise for the 5c increase at both ends of the range. 3M recently announced that its board of directors has approved the planned spin-off of its Health Care business, which will be known as Solventum Corporation.