3M Co. (MMM) Tops Q4 EPS by 1c; Guides In-Line

3M Co. (NYSE: MMM) reported Q4 EPS of $1.88, $0.01 better than the analyst estimate of $1.87. Revenue for the quarter came in at $7.33 billion versus the consensus estimate of $7.33 billion.

GUIDANCE:

3M Co. sees FY2017 EPS of $8.45-$8.80, versus the consensus of $8.63. Sees organic local-currency sales growth of 1 to 3 percent.

“The fourth quarter capped a successful year for our enterprise, as we posted double-digit growth in earnings-per-share, expanded margins and delivered robust cash flow,” said Inge G. Thulin, 3M’s chairman, president and chief executive officer. “We also made incremental investments to accelerate growth in core platforms, while returning significant cash to shareholders.”

Thulin continued, “Throughout the year we executed the 3M playbook and delivered a strong operational performance, and built for the future through our three key levers: Portfolio Management, Investing in Innovation and Business Transformation. We are well positioned to build on this momentum and deliver another strong performance in 2017.”

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

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