UPDATE: 3M Co. (MMM) Misses Q1 EPS by 1c, Beats on Revenues, Trims Full Year Guidance

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Go back to UPDATE: 3M Co. (MMM) Misses Q1 EPS by 1c, Beats on Revenues, Trims Full Year Guidance

3M Reports First-Quarter 2018 Results

April 24, 2018 7:30 AM EDT

First-Quarter Highlights:

Sales of $8.3 billion, up 7.7 percent year-on-year Organic local-currency sales growth of 2.8 percent; growth across all business groups GAAP EPS of $0.98, down 55 percent year-on-year Adjusted EPS of $2.50, up 15.7 percent year-on-year, excluding adjustments to provisional accounting for the Tax Cuts and Jobs Act (TCJA) and a legal settlement Returned $1.7 billion to shareholders via dividends and gross share repurchases

ST. PAUL, Minn.--(BUSINESS WIRE)-- 3M (NYSE:... More