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3M beats, raises low-end of EPS guidance, narrows range for sales growth outlook

  • 3M (MMM) beats, as revenue hits an all-time high of $7.9B — EPS of $1.78 is a Q3 record.
  • Organic sales growth by segment: Safety and Graphics, 8.1% (double-digit growth in roofing granules and personal safety); Healthcare, 6.8% (double-digit growth in food safety and health information systems); Industrial, 6.2% (all businesses saw sales growth); Consumer, 4.2% (strength in consumer health care, home care, stationery and office supplies); Electronics and Energy, 3.8%.
  • FY13 outlook: $6.65-6.75/share (versus previous guidance of $6.60-6.85/share) on organic local-currency sales growth of 3 to 4%. (PR)
Comments (1)
  • MikeMN
    , contributor
    Comment (1) | Send Message
     
    Inge Thulin is doing a great job as CEO. He follows in the steps of another good CEO George Buckley. Unfortunately, Thulin & Buckley had to help 3M recover from the terrible 3M CEO Jim McNerney.
    24 Oct 2013, 11:43 AM Reply Like
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