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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • 3M Posts Record Sales 0 comments
    Apr 25, 2014 9:55 AM | about stocks: MMM

    Originally published at

    Filing in Focus: 3M 8-K, April 24, 2014

    3M Company (NYSE:MMM) announced its first quarter financial results for the fiscal year 2014, posting record quarterly sales. Net income improved from $1.13B and $1.61 per share in the year-ago quarter to $1.21B and $1.79 per share. Cash dividends paid to shareholders during the quarter rose from $0.635 per share to $0.855 per share. 3M's largest segment, Industrial, saw steady sales growth of 3.1% at $2.8B, with Safety and Graphics up 1.7% at $1.4B, Health Care up 4.8% at $1.4B, Electronics and Energy up 2.7% to $1.3B, and Consumer down 0.2% to $1.1B. Chairman, President, and CEO Inge Thulin remarked that the quarter was solid for the company, with strong organic growth and increased investment in research and development.

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