3M Co. (MMM) Tops Q4 EPS by 8c
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3M Reports Fourth-Quarter 2017 Results; Raises 2018 Earnings Outlook
January 25, 2018 7:30 AM ESTBoard Approves 16 Percent Increase in First-Quarter 2018 Dividend
Fourth-Quarter Highlights:
Sales of $8.0 billion, up 9.0 percent year-on-year Organic local-currency sales growth of 6.0 percent; growth in all business groups and all geographic areas GAAP EPS of $0.85, down 55 percent year-on-year; excluding net impact of Tax Cuts and Jobs Act (TCJA), EPS of $2.10, up 11.7 percent Contributed $600 million to U.S. pension plan Returned $1.2 billion to shareholders via dividends and gross share repurchasesFull-Year Highlights:
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