3M Co. (MMM) Tops Q4 EPS by 1c; Guides In-Line
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3M Reports Fourth-Quarter and Full-Year 2016 Results
January 24, 2017 7:30 AM ESTFourth-Quarter Highlights:
Sales of $7.3 billion, up 0.4 percent; organic local-currency increased 1.6 percent GAAP EPS of $1.88, up 13.3 percent year-on-year GAAP operating income margins of 22.7 percent, up 220 basis points Operating cash flow of $2.2 billion contributed to free cash flow conversion of 154 percent Returned $1.6 billion to shareholders via dividends and gross share repurchasesFull-Year Highlights:
Sales of $30.1 billion; GAAP EPS of $8.16, up 7.7 percent year-on-year GAAP operating income margins of 24.0 percent, up 110 basis... More