3M (MMM) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter was essentially flat compared to the same quarter last year, but increased from the immediately preceding quarter. The sequential improvement reversed a prior decline, while the year-over-year comparison showed a slight decrease.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter was essentially flat compared to the same quarter last year, but increased from the immediately preceding quarter. The sequential improvement reversed a prior decline, while the year-over-year comparison showed a slight decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.3B
Revenue reported for this quarter.
Quarter-over-quarter
+4.0%
Change from the immediately preceding quarter.
Year-over-year
-0.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.5B
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 |
|---|---|---|
| Sep 30, 2023 | $6.3B | -27.3% |
| Dec 31, 2023 | $6B | +54463.6% |
| Mar 31, 2024 | $6B | -0.6% |
| Jun 30, 2024 | $6.3B | -0.4% |
Revenue performance
The reported revenue direction was upward from the prior quarter, marking a recovery after a decline in the preceding period. The year-over-year comparison showed a marginal decline, indicating stable but not growing top-line performance.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased, reversing the prior quarter's decline. Relative to the same quarter one year earlier, revenue was slightly lower, continuing a pattern of modest year-over-year contraction.
What to watch
Monitor whether the sequential revenue improvement can be sustained in the coming quarters, given the persistent year-over-year decline.