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Operating income margins of 24.7%, up 0.4 percentage points year-on-year, with operating cash flow of $1.9 billion.
October 26, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
3M reported third-quarter 2016 earnings of $2.15 per share, an increase of 4.9% versus the third quarter of 2015. Sales were $7.7 billion, flat year-on-year in dollar terms. Organic local-currency sales decreased 0.8% while acquisitions, net of divestitures, added 0.3% to sales. Foreign currency translation increased sales by 0.5% year-on-year. Operating income was $1.9 billion and operating income margins for the quarter were 24.7%, up 0.4 percentage points year-on-year. Third-quarter net i...
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