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Company posts record FY sales of $29.9B and earnings of $6.32 per share
January 24, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
3M reported fourth-quarter earnings of $1.41 per share, an increase of 4.4% versus the fourth quarter of 2011. Operating income was $1.4 billion and operating income margins for the quarter were 19.5%. Fourth-quarter net income was $1.0 billion and free cash flow was $1.2 billion. Sales rose 4.2%t year-on-year to $7.4 billion, an all-time fourth-quarter record. Organic local-currency sales grew 4.3%, acquisitions added 0.9% to sales and currency impacts reduced sales by 1.0% year-on-year. ...
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