3M Co. (MMM) Tops Q4 EPS by 1c

3M Co. (NYSE: MMM) reported Q4 EPS of $1.81, $0.01 better than the analyst estimate of $1.80. Revenue for the quarter came in at $7.72 billion versus the consensus estimate of $7.77 billion.

“3M delivered strong results in the fourth quarter, which culminated a solid 2014 performance,” said Inge G. Thulin, 3M’s chairman, president and chief executive officer. “Organic growth was positive across all business groups and geographic areas, and operating margins rose by nearly a full point. We once again generated substantial free cash flow, which allowed for continued investment in our businesses and significant return of cash to our shareholders.”

3M affirmed its 2015 full-year performance expectations. The company expects 2015 earnings to be in the range of $8.00 to $8.30 per share with organic local-currency sales growth of 3 to 6 percent. 3M also expects free cash flow conversion to be in the range of 90 to 100 percent.

For earnings history and earnings-related data on 3M Co. (MMM) click here.

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