3M (MMM) shares surged🐽 Tuesda✱y after the industrial conglomerate topped fourth-quarter profit and sales estimates on higher demand for a wide range of its products.

The maker of Post-it notes and Scotch tape posted adjusted earnings per share of $1.68, above analysts' estimates compiled by Visible Alpha. Revenue was up 0.1% from a year ago to $6 billion, and $5.8 billion excluding revenue from so-called  “澳洲幸运5官方开奖结果体彩网:forever chemicals,” which it will no longer produce. Both figures were ahead of forecasts.

🌊 The company credited the sales gains to “broad based growth in industౠrial, strength in electronics and aero, softer auto builds, strong holiday season.”

Revenue at the company's Transportation & Electronics unit rose 3.4% to $7.5 billion on “new product launches and spec-wins that drove share gain.” It increased 0.7% to $11 billion at the Safety & Industrial segment on higher demand for roofing and industrial adhesive products. Revenue fell 1.2% to $4.9 billion at the Consumer division.

3M added that its restructuring program launched in 2023 to focus on simplifying operations and improving margins is “largely complete.”

3M shares jumped over 4% at $146.99 in intraday trading Tuesday following the release, their highest level in three years.