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Organic local-currency sales growth of 4.8 percent
July 25, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
July 24, 2014 www.3m.com 3M reported second-quarter earnings of $1.91 per share, an increase of 11.7% versus the second quarter of 2013. Sales grew 4.9% year-on-year to $8.1 billion. Organic local-currency sales grew 4.8%, acquisitions added 0.1% to sales and currency impacts were flat year-on-year. Second-quarter operating income was $1.9 billion and operating income margins were 22.8%. Net income was $1.3 billion and the company converted 103% of net income to free cash flow ...
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