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3M Delivers Strong Second-Quarter Results; Company Updates Full-Year 2024 Earnings Guidance

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Sales of $6.3 billion, down 0.5% YoYAdjusted sales of $6.0 billion with organic growth up 1.2% YoYGAAP EPS from continuing operations of $2.17, up 117% YoYAdjusted EPS from continuing operations of $1.93, up 39% YoYOperating cash flow of $1.0 billion with adjusted free cash flow of $1.2 billionUpdates full-year 2024 adjusted EPS from continuing operations to $7.00 to $7.30 from $6.80 to $7.30

ST. PAUL, Minn., July 26, 2024 /PRNewswire/ — 3M (NYSE: MMM) today reported second-quarter results.

“We delivered another strong quarter with adjusted earnings growth up double-digits and robust cash generation. I want to thank 3M employees for their exceptional execution, which we expect to continue in the second half of the year,” said William Brown, 3M Chief Executive Officer. “As I look ahead, I am focused on three priorities: driving sustained organic revenue growth, increasing operational performance, and effectively deploying capital. I have long admired 3M’s track record of innovation and am excited to be leading this great company and by the opportunities ahead.”

Second-Quarter Highlights:

Q2 2024

Q2 2023

GAAP EPS from continuing operations (GAAP EPS)

$          2.17

$      (12.94)

Special items:

Net costs for significant litigation

0.44

14.43

(Increase) decrease in value of Solventum ownership

(2.00)

Pension risk transfer charge

1.09

Other special items, net

0.23

(0.10)

Adjusted EPS from continuing operations (Adjusted EPS)

$          1.93

$          1.39

Memo:

GAAP operating income margin

20.3 %

(148.9) %

Adjusted operating income margin

21.6 %

17.2 %

GAAP EPS of $2.17 and operating margin of 20.3%.Adjusted EPS of $1.93, up 39% year-on-year.Adjusted operating income margin of 21.6%, an increase of 4.4 percentage points year-on-year.

GAAP

Adjusted (Non-GAAP)

Net sales (Millions)

$6,255

$6,019

Sales change

Total sales

(0.5) %

1.1 %

Components of sales change:

Organic sales1

(0.3) %

1.2 %

Acquisitions/divestitures

1.2 %

1.3 %

Translation

(1.4) %

(1.4) %

Adjusted sales excludes manufactured PFAS products.

1Above adjusted organic sales increase includes a 120 basis point headwind from product portfolio initiatives and exit
of certain small countries.

Sales of $6.3 billion, down 0.5% year-on-year, with organic sales down 0.3% year-on-year.Adjusted sales of $6.0 billion, up 1.1% year-on-year with adjusted organic sales up 1.2% year-on-year.Operating cash flow of $1.0 billion; adjusted free cash flow of $1.2 billion.3M returned $786 million to shareholders via dividends and share repurchases.

This document includes reference to certain non-GAAP measures. See the “Supplemental Financial Information Non-GAAP Measures” section for applicable information.

Updated Full-Year 2024 Earnings Outlook

3M updated its full-year adjusted earnings expectations given the company’s strong operational execution in the first half of the year. The 2024 earnings outlook below reflects the continuing operations of 3M.

Prior 2024 forecast2

Current 2024 forecast2

Adjusted total sales growth

(0.25%) to +1.75%

(0.25%) to +1.75%

Adjusted organic sales growth

flat to +2%

flat to +2%

Adjusted EPS

$6.80 to $7.30

$7.00 to $7.30

2As further discussed at 6 within the “Supplemental Financial Information Non-GAAP Measures” sections, 3M cannot, without unreasonable

 effort, forecast certain items required to develop meaningful comparable GAAP financial measures and, therefore, does not provide them on a

 forward-looking basis reflecting these items.

Conference Call

3M will conduct an investor teleconference at 9 a.m. EDT (8 a.m. CDT) today. Investors can access this conference via the following:

Live webcast at https://investors.3M.com Webcast replay at https://investors.3m.com/financials/quarterly-earnings 

Consolidated Financial Statements and Supplemental Financial Information Non-GAAP Measures

View the Financial Statement Information on 3M’s website: https://investors.3m.com/financials/quarterly-earnings

Forward-Looking Statements

This news release contains forward-looking statements. You can identify these statements by the use of words such as “plan,” “expect,” “aim,” “believe,” “project,” “target,” “anticipate,” “intend,” “estimate,” “will,” “should,” “could,” “would,” “forecast” and other words and terms of similar meaning. Forward-looking statements are based on certain assumptions and expectations of future events and trends that are subject to risks and uncertainties. Actual future results and trends may differ materially from historical results or those reflected in any such forward-looking statements depending on a variety of factors. Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, regulatory, international trade, geopolitical, capital markets and other external conditions and other factors beyond the Company’s control, including inflation, recession, military conflicts, and natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) foreign currency exchange rates and fluctuations in those rates; (3) liabilities and the outcome of contingencies related to certain fluorochemicals; known as “PFAS,” including liabilities related to claims, lawsuits, and government regulatory proceedings concerning various PFAS-related products and chemistries, as well as risks related to the Company’s plans to exit PFAS manufacturing and discontinue use of PFAS across its product portfolio; (4) risks related to the class-action settlement to resolve claims by public water suppliers in the United States regarding PFAS; (5) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company’s reports on Form 10-K, 10-Q and 8-K (the “Reports”); (6) competitive conditions and customer preferences; (7) the timing and market acceptance of new product and service offerings; (8) the availability and cost of purchased components, compounds, raw materials and energy due to shortages, increased demand and wages, supply chain interruptions, or natural or other disasters; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning system, or security breaches and other disruptions to the Company’s information technology infrastructure; (10) the impact of acquisitions, strategic alliances, divestitures, and other strategic events resulting from portfolio management actions and other evolving business strategies; (11) operational execution, including the extent to which the Company can realize the benefits of planned productivity improvements, as well as the impact of organizational restructuring activities; (12) financial market risks that may affect the Company’s funding obligations under defined benefit pension and postretirement plans; (13) the Company’s credit ratings and its cost of capital; (14) tax-related external conditions, including changes in tax rates, laws or regulations; (15) matters relating to the spin-off of the Company’s Health Care business, including the risk that the expected benefits will not be realized; the risk that the costs or dis-synergies will exceed the anticipated amounts; potential business disruption; the diversion of management time; the impact of the transaction on the Company’s ability to retain talent; potential impacts on the Company’s relationships with its customers, suppliers, employees, regulators and other counterparties; the ability to realize the desired tax treatment; the risk that any consents or approvals required will not be obtained; risks under the agreements and obligations entered into in connection with the spin-off, and (16) matters relating to Combat Arms Earplugs (“CAE”), including those related to, the August 2023 settlement that is intended to resolve, to the fullest extent possible, all litigation and alleged claims involving the CAE sold or manufactured by the Company’s subsidiary Aearo Technologies and certain of its affiliates and/or the Company. A further description of these factors is located in the Reports under “Cautionary Note Concerning Factors That May Affect Future Results” and “Risk Factors” in Part I, Items 1 and 1A (Annual Report) and in Part I, Item 2 and Part II, Item 1A (Quarterly Reports). Changes in such assumptions or factors could produce significantly different results. The Company assumes no obligation to update any forward-looking statements discussed herein as a result of new information or future events or developments.

About 3M

3M (NYSE: MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what’s possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. Learn how we’re working to improve lives and make what’s next at 3M.com/news.

Please note that the company announces material financial, business and operational information using the 3M investor relations website, SEC filings, press releases, public conference calls and webcasts. The company also uses the 3M News Center and social media to communicate with our customers and the public about the company, products and services and other matters. It is possible that the information 3M posts on the News Center and social media could be deemed to be material information. Therefore, the company encourages investors, the media and others interested in 3M to review the information posted on 3M’s news center and the social media channels such as @3M or @3MNews.

Contacts
3M
Investor Contacts:
Bruce Jermeland, 651-733-1807
or
Diane Farrow, 612-202-2449
or
Eric Herron, 651-233-0043
Media Contact:
Sean Lynch, slynch2@mmm.com

 

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Haier Showcases AI-Powered Smart Home Ecosystem at IFA 2026

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Connected products understand and adapt to everyday needs

BERLIN, Sept. 6, 2026 /PRNewswire/ — Haier, the world’s No. 1 brand in major home appliances for 17 consecutive years*, showcased an AI-powered smart home ecosystem at IFA 2026 spanning garment care, refrigeration, cooking, entertainment, digital services and robotics. Under the theme “Home of Intelligent Possibilities,” the showcase demonstrates how connected appliances can evolve into a coordinated home that senses conditions, understands context, learns from user habits and adapts the way devices operate, creating a more intuitive and responsive experience at home.

AI That Adapts to Everyday Life

Across the portfolio, AI turns real-time information into practical adjustments. The Vision 15 washing machine uses an internal camera, sensors and algorithms to detect factors such as load size, balance and foam levels, and then adjust water levels, detergent dosing, drum movement and program settings. In refrigeration, the Maestro prototype brings several preservation technologies together. Its AI Food Care System 2.0 recognizes stored ingredients and recommends suitable conditions to help users manage food more effectively.

The ID Ultimate Series 6 oven applies the same approach to cooking. Its internal camera recognizes food, monitors cooking progress and can stop the program when the desired result has been reached. In the living room, UltraSense AI analyzes content and ambient conditions to adjust picture and sound on Haier Smart TVs in real time.

Together, these technologies extend AI into coordinated home scenarios across laundry, food care, cooking and entertainment. The hOn app brings Haier Europe’s connected products, services and home experiences together in a single digital environment, enabling them to work together around daily routines and translate connected technology into practical benefits at home.

This progression from individual products to coordinated home scenarios is already reaching users at scale. According to Euromonitor International, Haier Smart Home was recognized as the world’s No. 1 smart home enterprise based on global smart home revenue in 2025. Haier smart home platform has surpassed 130 million registered users worldwide and recorded 86.1 billion smart scene interactions in 2025.

Extending Intelligence Into Physical Interaction

Haier also showed how AI and embodied intelligence could translate smart home intelligence into physical tasks. The showcase featured humanoid robots interacting with appliances, robotic cleaning systems designed to recognize objects and different types of dirt, along with companion robots developed for voice assistance and personalized support.

The Haier Exoskeleton extended this theme beyond the home. Its sensors and algorithms interpret movement intentions in real time and adjust the assistance provided to each user, supporting mobility while preserving natural movement. Together, the demonstrations reflect Haier’s work to connect AI, appliances and robotics around practical human needs.

This technology portfolio is supported by Haier’s “10+N” open innovation system, which connects global research resources with local user insights. In the first half of 2026, Haier topped on IPRdaily’s global smart home invention patent list for the 15th consecutive time. Looking ahead, Haier plans to invest at least 13 billion euros over the next five years, with a focus on foundational technologies including artificial intelligence, semiconductors and IoT security to underpin its AI-native transformation.

Haier’s presence at IFA also highlights its global sports partnerships under the “Play with the Number Ones” concept, connecting the pursuit of excellence in sports with the brand’s focus on innovation, performance and better user experiences worldwide.

Visitors can experience Haier’s smart home technologies in Hall 3.1 at Stand 101 during IFA 2026 in Berlin from Sept. 4 to 8.

*Source: Euromonitor International Limited; Consumer Appliances 2026 Edition; % unit share, 2025 volume sales data

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Over 400 media professionals seek new drivers for Asia-Pacific growth

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GUANGZHOU, China, Sept. 6, 2026 /PRNewswire/ — This is a news report from South: 

According to Xinhua News Agency, the Asia-Pacific Media Forum will kick off in Shenzhen on September 5.

Over 400 domestic and foreign media professionals will gather in Shenzhen to explore China’s opportunities and identify new growth drivers for the Asia-Pacific within the Guangdong-Hong Kong-Macao Greater Bay Area.

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SOURCE South

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Tuya Smart Brings Full-Stack AI into Everyday Life at IFA 2026

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BERLIN, Sept. 6, 2026 /PRNewswire/ — Tuya Smart (NYSE: TUYA; HKEX: 2391), a global AI cloud platform service provider, is showcasing its latest advances in physical AI at IFA 2026 under the theme “Hey Tuya.”

Headlining the exhibit is the global debut of the new AI companion robot Doova, alongside the European debut of Tuya’s AI Home, AI Energy, and AI Robot ecosystems, the Hey Tuya whole-space intelligent interaction experience, a full-stack Matter portfolio, and development tools designed to help turn AI hardware concepts into working products.

The showcase illustrates how Tuya is connecting cloud intelligence, devices, and developer tools to move AI beyond screens and into practical use across homes, energy systems, robotics, pet care, and personal assistance.

Doova Extends Physical AI to Home Companionship and Assistance

Following the debut of Aura, Tuya’s AI companion robot for pets, Tuya is expanding its robotics portfolio with Doova, a home companion robot designed for independently living seniors to combine emotional companionship, everyday assistance, health-related reminders, and home monitoring. Doova is equipped with LDS LiDAR, sound source localization, and AI vision-based posture recognition algorithms.

Doova can respond to a simple voice request for help and navigate to the user’s location, assess their posture, and, if necessary, place a video call to family members. Day to day, it can hold conversations, play audio and video, help users understand complex bills and letters, flag potential fraud risks, and guide them through the operation of smart appliances. It can also provide medication, weather, and schedule reminders, along with practical suggestions related to meals, gardening, and clothing. When users are away, Doova can patrol the home and generate a security report.

Together, these capabilities demonstrate how physical AI can combine contextual awareness with connected-device control to support more responsive and accessible living experiences.

AI Home, AI Robot, and AI Energy Make Their European Debut

At IFA 2026, Tuya is presenting its AI Home, AI Robot, and AI Energy application ecosystems together in Europe for the first time, combined with the Company’s full-stack Matter solutions.

AI Home brings together a range of AI-powered devices, including an AI radar sleep speaker, AI printer, baby monitor, AI flower pot, and AI learning companion, extending AI capabilities into everyday scenarios such as home care, pet care, and plant care.

For example, the AI radar sleep speaker integrates millimeter-wave radar technology to accurately detect user activity and trigger adaptive smart home functions—such as automatically turning off the lights once the user falls asleep. It can also monitor heart rate, breathing, and snoring in real time to generate daily sleep analysis reports. In addition, built-in white noise, natural soundscapes, and meditation music help users relax and drift into sleep more easily.

The smart pet collar uses sensitive audio capture and AI-based emotion analysis to interpret changes in a pet’s vocalizations and breathing. The AI radar speaker combines natural-language control of connected devices with contactless radar sensing for heart rate, breathing, snoring, and sleep quality, alongside functions such as alarms, focus timers, and white noise.

AI Robot products span pet care, interactive collectibles, and desktop tools, including Aura, Fuzozo, Walulu, an AI owl, and an AI robot dog. Aura combines behavioral analysis and sound recognition to interpret a pet’s emotional state, while features such as laser play, treat dispensing, and simulated pet sounds support interactive companionship.

Tuya AI Energy connects balcony solar and storage, smart metering and distribution, and EV charging into a household energy network spanning generation, storage, measurement, management, and consumption. By integrating real-time and dynamic tariff data from more than 800 electricity providers and more than 1,000 dynamic tariff service providers across Europe, the system intelligently shifts household loads to help reduce overall energy costs, improving energy efficiency and reshaping the value proposition of home energy storage. The exhibit demonstrates how Tuya’s energy management capabilities coordinate infrastructure and connected devices across the home.

A Full-Stack Matter Portfolio for Interoperable Products

Tuya is also showcasing an end-to-end Matter portfolio spanning chip modules and cloud services. The offering supports Matter over Wi-Fi, Matter over Thread, and Ethernet, as well as bridges from Zigbee, Bluetooth, and Wi-Fi to Matter. It covers product categories including gateways, central control panels, lighting, plugs, sensors, curtain motors, thermostatic radiator valves, locks, and cameras.

Beyond standard Matter capabilities, Tuya layers on distinctive features — remote management, energy tracking, music-synced lighting — and integrates ecosystem tools like Amazon Frustration-Free Setup and the Google Matter API — allowing products to achieve cross-platform interoperability while preserving a differentiated user experience.

Hey Tuya Coordinates the Connected Home through Natural Language

Built on a multi-agent collaborative architecture, Hey Tuya is designed to coordinate services and devices across everyday scenarios rather than operate as a single-device assistant. Users can issue natural-language commands such as “Turn on the dining room lights” or “I’m leaving — activate monitoring,” allowing multiple devices and scenes to respond together.

The experience centers on four capabilities: round-the-clock home security monitoring; energy analysis and personalized efficiency recommendations; natural-language control and automation across multiple devices; and personalized services that adapt to household routines and preferences.

Tuya plans to continue improving the reliability, response speed, and task execution of Hey Tuya, while exploring subscription and value-added services in areas such as energy optimization, pet care, and video understanding.

Developer Tools Shorten the Path from Concept to Working Hardware

Tuya’s developer showcase presents a full technology stack for AI hardware development, where visitors can experience firsthand how ideas can be rapidly turned into functional AI applications that interact with and enhance daily life through the TuyaOpen open-source framework, Tuya Cobuilder, and Tuya AI Coding.

Tuya Cobuilder is an end-to-end Physical AI Builder designed for AI hardware developers. By simply describing an AI hardware concept in natural language, users can complete the entire development workflow in one place, ultimately enabling the application to run directly on real hardware. Tuya AI Coding, the Company’s AI-native no-code application development platform, lets users turn ideas into AI-powered applications with a single prompt—enabling non-technical creators to become builders of AI-powered experiences.

By bringing AI applications, interoperable device infrastructure, and development tools into one ecosystem, Tuya aims to help its global AIoT developer ecosystem create practical AI products more efficiently. The Company will continue advancing AI Home, AI Energy, and AI Robot applications and collaborating with developers and partners to make intelligent living safer, more convenient, and more responsive to individual needs.

About Tuya Smart

Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a leading global AI cloud platform service provider dedicated to bringing AI into everyday life. Through its TuyaOpen open-source development framework and universal AI Agent engines, including the AI Agent development platform, Tuya integrates multimodal AI capabilities to lower barriers for AI development, efficiently advancing the realization of AI-driven lifestyles and accelerating AI integration with the physical world. Tuya offers innovative physical AI solutions for smart devices, commercial applications, and industry developers through its cloud computing and spatial intelligence capabilities. It also provides a complete, open, and neutral global AIoT ecosystem.

As of June 30, 2026, the Tuya AI Developer Platform had over 2,092,000 registered AI developers from more than 200 countries and regions.

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