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Sales of $8.2 billion, up 6% year-on-year, with operating margins of 25%.
October 25, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
3M reported third-quarter earnings of $2.33 per share, an increase of 8.4% versus the third quarter of 2016. Sales were $8.2 billion, up 6.0% year-on-year in dollar terms. Organic local-currency sales increased 6.6% while divestitures reduced sales by 1.2%. Third quarter operating income was $2.0 billion and operating income margin was 25.0%, up 0.3 percentage points year-on-year. Third-quarter net income was $1.4 billion, up 7.5%. The company’s operating cash flow was $1.8 billion, cont...
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