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3M Reports 4Q, Full Year 2021 Results

Full-year 2021 sales increased 9.9% year-on-year to $35.4 billion, with adjusted free cash flow of $6 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

3M reported fourth-quarter and full-year 2021 results. During the fourth quarter of 2021, sales grew 0.3% year-on-year to $8.6 billion. Organic local-currency sales increased 1.3%. Foreign currency translation decreased sales by 1% year-on-year. Total sales grew 4.1% in Consumer and 0.7% in Health Care, and decreased 1.5% in Transportation and Electronics, and 2.2% in Safety and Industrial. Fourth-quarter earnings per share was $2.31 per share, down 4% year-on-year. Fourth quarter operatin...

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