More on 3M Q4: Net profit climbs 11%


3M (MMM -2.7%) net profit +11% to $1.1B as sales increase across all of 3M's segments and geographies.

Organic local-currency sales +3.4%. Segment breakdown: electronics & energy +0.4%, industrial +5.8%, safety & graphics +4.8%, healthcare +3.6%, consumer +1.3%.

Organic local-currency sales geographic breakdown: U.S. +4.5%, EMEA +3.4%, Latin America/Canada +2.2%, Asia-Pacific +3.3%

Free cash flow conversion 131%.

Affirms 2014 guidance: EPS $7.30-7.55 vs consensus of $7.47, with organic local-currency sales growth of 3-6%; free cash-flow conversion 90-100%. (PR)

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