3M Co. (MMM) Tops Q4 EPS by 3c, Revenues Beat; Lowers FY19 EPS Guidance
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3M Reports Fourth-Quarter 2018 Results
January 29, 2019 6:30 AM ESTFourth-Quarter Highlights:
Sales of $7.9 billion, down 0.6 percent year-on-year Organic local-currency sales growth of 3.0 percent; growth across all business groups and all geographic areas GAAP EPS of $2.27 vs. $0.85 last year, up 167 percent year-on-year Q4 2018 earnings included a net charge of $0.04 per share for tax adjustments related to both the Tax Cuts and Jobs Act (TCJA) and the Q1 2018 legal settlement; and a $0.02 per share net benefit from a divestiture gain, net of actions Q4 2017 earnings included tax expense of $1.25 per share... More