3M (MMM) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter remained essentially flat compared to the prior quarter, while a slight decline was seen versus the same quarter last year.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter remained essentially flat compared to the prior quarter, while a slight decline was seen versus the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6B
Revenue reported for this quarter.
Quarter-over-quarter
+0.2%
Change from the immediately preceding quarter.
Year-over-year
-0.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $6.3B | -27.8% |
| Sep 30, 2023 | $6.3B | -27.3% |
| Dec 31, 2023 | $6B | +54463.6% |
| Mar 31, 2024 | $6B | -0.6% |
Revenue performance
The reported revenue showed a marginal improvement from the immediately preceding quarter.
Quarterly comparison
Compared to the same quarter one year earlier, revenue experienced a modest decrease. The sequential change was positive but minimal.
What to watch
Monitor whether the revenue can stabilize or reverse the year-over-year decline in coming quarters.