3M Co. (MMM) Misses Q3 EPS by 14c, Revenues Miss; Lowers FY18 EPS Outlook, Cash Flow and Growth Guidance

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Go back to 3M Co. (MMM) Misses Q3 EPS by 14c, Revenues Miss; Lowers FY18 EPS Outlook, Cash Flow and Growth Guidance

3M Reports Third-Quarter 2018 Results

October 23, 2018 7:30 AM EDT

Third-Quarter Highlights:

Sales of $8.2 billion, down 0.2 percent year-on-year Organic local-currency sales growth of 1.3 percent GAAP EPS of $2.58 vs. $2.33 last year, up 10.7 percent year-on-year Returned $1.9 billion to shareholders via dividends and gross share repurchases

ST. PAUL, Minn.--(BUSINESS WIRE)-- 3M (NYSE: MMM) today reported third-quarter 2018 results.

In the third quarter, 3M delivered a double-digit increase in cash flow and earnings-per-share, along with strong margins despite slower... More