Industry News, Ink Manufacturers News

3M Reports First-Quarter 2022 Results

Operating cash flow was $1 billion, down 40% year-on-year, while adjusted free cash flow was $0.7 billion, down 50% year-on-year.

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

3M reported its first quarter 2022 results. Sales were $8.8 billion, down 0.3% year-on-year, which included organic sales growth of 2% year-on-year. GAAP earnings per share were $2.26, down 18% year-on-year. Adjusted earnings per share were $2.65, down 10% year-on-year. Operating cash flow was $1 billion, down 40% year-on-year, while adjusted free cash flow was $0.7 billion, down 50% year-on-year. “In a challenging global environment, 3M delivered a strong start to 2022 with solid...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters