Does 3M Have Enough Cards Left To Play?
Stephen Simpson, CFA
Stephen Simpson, CFA
Yesterday, 9:04 AM
- Net income of $1.29B, or $2.08 per diluted share, vs. $1.3B, or $2.02 per diluted share, a year ago.
- Revenue by segment: Industrial -0.1%; Electronics and Energy -10%; Safety and Graphics +4.7%; Health Care +3%; Consumer +1.7%.
- Returned $1.5B to shareholders via dividends and share repurchases.
- The company narrowed its expected EPS range for 2016 to $8.15-$8.30 (vs. $8.10-$8.45 previously) and lowered its organic local-currency sales growth guidance to 0-1% (vs. 1-3%)
- MMM -1.2% premarket
- Q2 results
Yesterday, 7:31 AM
Mon, Jul. 25, 5:30 PM
- ABG, ACW, AHGP, AKS, ALLY, AOS, ARLP, ASTE, ATI, AUDC, AVY, AXE, AXTA, BAX, BEAV, BP, BPOP, CAT, CHKP, CIGI, CNC, CNHI, CNX, CPLA, CSL, CTG, CVLT, CYNO, DD, DTE, EEFT, EXAS, FBC, FCH, FCX, FELE, FIS, FMER, GPK, HOT, HUBB, HZO, ICLR, JBLU, JNS, KEY, KKR, LLY, LPT, MAS, MBLY, MCD, MDXG, MMM, NCI, NEO, NLSN, NORD, PCAR, PCH, RAI, RDWR, SAH, SIR, SIRI, ST, TGNA, TNC, TOWR, TROW, UA, USG, UTX, VLO, VZ, WAT, WDR, WWW, XRS
Tue, Apr. 26, 7:36 AM
Mon, Apr. 25, 5:30 PM
- ABG, ABX, AHGP, AIXG, AKS, ALLY, ARLP, ATI, AVX, AXE, BAX, BEAV, BLMN, BP, CNC, CNX, COH, CPLA, CRS, CTG, CYNO, DD, DFRG, DTE, ENTG, ETR, FBC, FCAU, FCH, FCX, FLIR, FLWS, FMER, GLPI, GLW, GPK, HSY, HUBB, HZO, ICLR, IIVI, IR, JBLU, JNS, LLY, LMT, LPT, MAS, MDXG, MHFI, MMM, NCI, ODP, PAG, PCAR, PCH, PG, PH, PNR, POL, R, RAI, SAH, SAVE, SCL, SIR, SPG, ST, SUI, SVU, TEN, TMUS, TRI, TROW, WAB, WAT, WDR, WHR, WYN
Tue, Mar. 29, 7:38 AM
- At a investor meeting today, CEO Inge Thulin will introduce new objectives and discuss how 3M's (NYSE:MMM) playbook - portfolio management, investing in innovation, and business transformation - is positioning the company to deliver a strong performance in 2016 and beyond.
- The new five-year financial objectives (covering 2016 through 2020) are: 8-11% growth in earnings per share; 2-5% organic local currency sales growth; 20% return on invested capital; 100% free cash flow conversion.
- 3M also reaffirmed its 2016 full-year guidance: EPS of $8.10-8.45, organic local-currency sales growth of 1-3%, and free cash flow conversion of 95-105%.
Tue, Jan. 26, 8:14 AM
- Net income of $1.04B, or $1.66 per share, vs. $1.18B, or $1.81 per share, a year ago. Excluding restructuring charges, the company earned $1.80 per share.
- Revenue by segment: Industrial -6.3%; Electronics and Energy -11.7%; Safety and Graphics -5.3%; Health Care -0.8%; Consumer -2.4%.
- Returned $1.8B to shareholders via dividends and gross share repurchases.
- "The fourth quarter capped off a year of disciplined execution from our global team with solid margin and cash flow performance," CEO Inge Thulin declared. "We are building an even stronger and more competitive company for 2016 and beyond."
- As a result, the company affirmed 2016 earnings to be in the range of $8.10-$8.45 per share with organic local-currency sales growth of 1% to 3%.
- MMM +2.1% premarket
- Q4 results
Tue, Jan. 26, 7:33 AM
- 3M (NYSE:MMM): Q4 EPS of $1.80 beats by $0.17.
- Revenue of $7.3B (-5.4% Y/Y) beats by $90M.
Mon, Jan. 25, 5:30 PM
Oct. 22, 2015, 8:16 AM
- Net income of $1.29B, or $2.05 per share, vs. $1.30B, or $1.98 per share, a year ago.
- Revenue by segment: Industrial -7.1%; Electronics and Energy -8.1%; Safety and Graphics -2.2%; Health Care -3.2%; Consumer -1.2%.
- The company lowered its 2015 outlook and expects full-year earnings to be in the range of $7.73-$7.78 per share vs. a prior forecast of $7.73-$7.93, with organic local-currency sales growth of 1.5%-2% vs. a prior outlook of 2.5%-4%.
- The firm also plans to cut 1,500 jobs next year, and will record a pretax charge of about $100M in the fourth quarter.
- MMM -0.6% premarket
- Q3 results
Oct. 22, 2015, 7:31 AM
- 3M (NYSE:MMM): Q3 EPS of $2.05 beats by $0.05.
- Revenue of $7.71B (-5.3% Y/Y) misses by $140M.
Oct. 21, 2015, 5:30 PM
- AB, ACAT, ACOR, ADS, AEP, ALK, APOL, ASPS, BCC, BEN, BHE, BMS, CAB, CAM, CAT, CBU, CEMP, COR, CRS, CY, DAN, DGX, DHR, DLX, DNKN, DOW, DPS, DST, EQM, EQT, FAF, FCX, FNB, GMT, GPK, GRA, HBAN, HUB.B, IVC, JNS, LAZ, LLY, LUV, MCD, MHO, MINI, MJN, MMM, NDAQ, NUE, NWE, ORI, PCP, PDS, PENN, PH, PHM, PRLB, PTEN, R, RCI, RS, RTN, SIRI, SJR, SNA, SQNS, STC, SWK, TCB, TROW, UA, UAL, UNP, USG, UTEK, WAB, WBC, WCC, XRS
Jul. 23, 2015, 7:35 AM
- 3M (NYSE:MMM): Q2 EPS of $2.02 beats by $0.02.
- Revenue of $7.69B (-5.5% Y/Y) misses by $140M.
Jul. 14, 2015, 10:40 AM
- July 23: Second-quarter earnings conference call.
- Aug 5: InvestMNt Conference (Mike Vale, executive vice president, Consumer Business Group, will speak at 7:30 a.m. CDT).
- Aug 12: Jefferies 2015 Industrials Conference (CFO Nick Gangestad will speak at 11:20 a.m. EDT.)
- Webcasts will be available here
Apr. 23, 2015, 9:19 AM
- 3M (NYSE:MMM) -3.2% premarket after Q1 earnings and revenues fail to meet expectations, and the company cut its 2015 profit outlook, due to the impact of the stronger U.S. dollar.
- After foreign currency impacts reduced Q1 pre-tax earnings by ~$90M, or the equivalent of $0.10/share, 3M now expects foreign currency impacts to reduce FY 2015 EPS by $0.35-$0.40, compared with its previous guidance for a $0.20 hit; the company now sees FY 2015 EPS of $7.80-$8.10.
- As for 2015 revenue, 3M now expects it to fall by 6%-7% Y/Y, worse than its previous forecast of a 4%-5%; analysts had expected FY 2015 revenue to rise less than 1% to $32B.
- 3M maintains its forecast for organic local currency sales growth of 3%-6%.
- Q1 sales slipped in most of 3M's business units, falling 4.3% to $2.7B at its industrial unit, 3.6% to $1.4B in its safety and graphics business, 3.3% to $1.3B in its health care unit, and 2.9% to $1B at its consumer unit; only the company's electronics and energy unit reported a sales increase, rising less than 1% to $1.3B.
3M Co. is a diversified technology company serving customers and communities with innovative products and services. The company operates its business through five segments: Industrial, Safety and Graphics, Electronics and Energy, Health Care and Consumer. The Industrial segment serves a broad... More
Sector: Industrial Goods
Industry: Diversified Machinery
Country: United States
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