3M Co. (MMM) Tops Q3 EPS by 17c, Revenues Beat

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Go back to 3M Co. (MMM) Tops Q3 EPS by 17c, Revenues Beat

3M Reports Third-Quarter 2020 Results

October 27, 2020 6:30 AM EDT

Third-Quarter Highlights:

Sales of $8.4 billion, up 4.5 percent year-on-year Organic local-currency sales growth of 0.9 percent year-on-year Both GAAP and adjusted EPS of $2.43 Operating cash flow of $2.5 billion, up 23 percent year-on-year; adjusted free cash flow of $2.2 billion, up 13 percent year-on-year Strengthened capital structure: reduced total debt by $1.2 billion, down 6 percent, and net debt by $1.3 billion, or 8 percent, since June 30, 2020 Company will continue to provide monthly sales updates through year-end 2020

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