UPDATE: 3M Co. (MMM) Tops Q3 EPS by 5c; Announces Restructuring Plan

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Go back to UPDATE: 3M Co. (MMM) Tops Q3 EPS by 5c; Announces Restructuring Plan

3M Delivers Third-Quarter Sales of $7.7 Billion and Earnings of $2.05 per Share; Company Announces Restructuring Plan

October 22, 2015 7:30 AM EDT

Third-Quarter Highlights:

Operating income margins of 24.3 percent, up 0.9 percentage points year-on-year Organic local-currency sales growth of 1.2 percent, positive across all geographic areas Returned $2.2 billion to shareholders via dividends and gross share repurchases Closed acquisitions of Capital Safety and Polypores Separations Media business

ST. PAUL, Minn.--(BUSINESS WIRE)-- 3M (NYSE: MMM) today reported third-quarter earnings of $2.05 per share, an increase of 3.5 percent versus the third quarter of 2014. Sales declined 5.2 percent year-on-year to $7.7 billion. Organic local-currency... More