3M Co. (MMM) Tops Q1 EPS by 10c; Raises Outlook
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3M Delivers First-Quarter Sales of $7.7 Billion and Earnings of $2.16 per Share; Company Raises Its Full-Year 2017 Outlook
April 25, 2017 7:30 AM EDTFirst-Quarter Highlights:
Sales of $7.7 billion, up 3.7 percent; organic local-currency growth of 4.6 percent GAAP EPS of $2.16, up 5.4 percent year-on-year GAAP operating income margins of 23.1 percent, down 100 basis points; includes $136 million, or 180 basis point impact from strategic investments Returned $1.4 billion to shareholders via dividends and gross share repurchases Announced pending acquisition of Scott Safety, a premier safety solutions companyST. PAUL, Minn.--(BUSINESS WIRE)-- 3M (NYSE: MMM) today reported... More
