Originally published at www.seclive.com
3M Company (NYSE:MMM) announced its second quarter financial results for the fiscal year 2014, reporting improvements in both revenue and earnings. The company, which produces and sells a large variety of times ranging from Scotch tape, Post-it notes, adhesives, films, and many other products, saw revenue climb 4.9% to $8.13B. Organic sales growth was 4.8%, inside the range between 4% and 6%. Profits grew from the year-ago $1.20B and $1.71 per share to $1.27B and $1.91 per share. CEO Inge Thulin remarked that growth in its pollution prevention and water purification businesses increased and that the company sees great growth in these segments. 3M reaffirmed its earnings guidance between $7.30 and $7.55 per share, a marked increase from last year's $6.72 per share.
Disclosure: The author is long MMM.