Flexible Electronics News

3M Delivers Record 3Q 2013 Results

EPS of $1.78, quarterly sales of $7.9 billion are third-quarter records

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By: DAVID SAVASTANO

Editor, Ink World Magazine

3M reported third-quarter earnings of $1.78 per share, an increase of 7.9% versus the third quarter of 2012. Sales grew 5.6% year-on-year to $7.9 billion. Organic local-currency sales grew 5.8%, acquisitions added 1.5% to sales and currency impacts reduced sales by 1.7% year-on-year. Operating income was $1.7 billion and operating income margins for the quarter were 22.0%. Third-quarter net income was $1.2 billion and free cash flow was $0.7 billion. The company paid $431 million in cash d...

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