3M Co. (MMM) Tops Q2 EPS by 1c; Tightens FY16 EPS Outlook

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Go back to 3M Co. (MMM) Tops Q2 EPS by 1c; Tightens FY16 EPS Outlook

3M Delivers Second-Quarter Sales of $7.7 Billion and Earnings of $2.08 per Share

July 26, 2016 7:30 AM EDT

Second-Quarter Highlights:

Operating income margins of 24.4 percent, up 0.5 percentage points year-on-year Sales declined 0.3 percent; organic local-currency sales declined 0.2 percent Continued progress on Business Transformation, including West Europe ERP deployments Returned $1.5 billion to shareholders via dividends and gross share repurchases

ST. PAUL, Minn.--(BUSINESS WIRE)-- 3M (NYSE: MMM) today reported second-quarter earnings of $2.08 per share, an increase of 3.0 percent versus the second quarter of 2015. Sales declined 0.3 percent year-on-year to $7.7 billion. Organic local-currency sales declined 0.2 percent... More