3M Co. (MMM) Tops Q2 EPS by 4c, Sales Miss; Raises Low End of View
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3M Delivers Second-Quarter Sales of $7.8 Billion and Earnings of $2.58 per Share; Company Updates Its 2017 Outlook
July 25, 2017 7:30 AM EDTSecond-Quarter Highlights:
Sales of $7.8 billion, up 1.9 percent; organic local-currency growth of 3.5 percent with positive growth across all five business groups GAAP EPS of $2.58, up 24.0 percent year-on-year; includes $0.33 benefit from divestiture gains net of strategic investments Returned $1.2 billion to shareholders via dividends and gross share repurchases Updated 2017 full-year outlook: GAAP EPS of $8.80 to $9.05 versus $8.70 to $9.05, previouslyST. PAUL, Minn.--(BUSINESS WIRE)-- 3M (NYSE: MMM) today reported second-quarter earnings of $2.58 per share, an increase of... More
