3M First Quarter Earnings Call
8th May 2008 00:00 AM |
|
| Earnings dropped to $988 million from $1.4 billion a year ago when there was a big gain on the sale of one of its businesses. |
|
| Sales rose 8.9% to $6.5 billion, topping analysts'' forecast of $6.32 billion. EPS fell to $1.38 per share, from $1.85 per share a year earlier. The year-earlier results included a one-time gain of 57 cents per share from the sale of the company''s branded drug business in Europe. International sales were solid and that profits increased in four of its units. Profit declined in its consumer and office and display and graphics businesses. |
|
|
Full Story... |
3M Fourth Quarter Earnings Call
1st February 2008 00:00 AM |
|
| Sales were $6.2 billion, up 11% from $5.78 billion in the prior year adjusted for the divested businesses and helped by favorable currency. |
|
| The provider of innovative products reported a 28% drop in income to $851 million or $1.19 a share, from $1.2 billion or $1.57 a share in 2006 due to a rise in costs related to the creation of a new projection systems organization and restructurings. However, the firm made progress in the growth plan by investing in franchises, strategic acquisitions and new plants to streamline the supply chain. It also returned $4.6 million of cash to shareholders through dividends or share repurchases. |
|
|
Full Story... |
3M Fourth Quarter Earnings Call
10th January 2001 00:00 AM |
|
| Net income rose 58% to $1.2 billion or $1.57 a share, driven mainly by the disposal of a pharmaceutical business. |
|
| The diversified technology company reported an 8.6% growth in revenue to $5.8 billion from $5.3 billion in 2006 on strong performance from all geographies. The company accelerated investments in many areas, including research and development, sales and marketing, growth-oriented capital investments and selected acquisitions, while maintaining outstanding profitability levels. These investments have strengthened r positions in growing markets, |
|
|
Full Story... |
3M Company Third Quarter Earnings Call
23rd October 2007 00:00 AM |
|
| Earnings climbed 7% to $960 million on strong growth across all regions, though sales fell shy of expectations. |
|
| Scotch tape and Post-it Notes maker reported revenue increase of 6% to $6.18 billion, failing to meet the analysts’ expectations of $6.29 billion. Local-currency sales, including the impact of acquisitions, were up 6.3%. Flat-screen television makers lowered prices due to difficulties in penetrating the market, putting pressure on 3M''s price for optical film used in LCD. The company raised 2007 earnings expectations to $5.54 to $5.62 a share, including a gain of 60 cents to 65 cents. |
|
|
Full Story... |
3M First Quarter Earnings Call
5th July 2007 00:00 AM |
|
| The net income was $1.4 billion or $1.85 per share versus $899 million or $1.17 per share in prior year. |
|
| The leading diversified technology company reported worldwide sales increase of almost 10%, prior to the negative impact of 3.8% due to the divestiture of the global branded pharmaceutical business. The sale of the pharma business resulted in after-tax gain of $506 million or 68 cents per share in the first quarter. During the quarter, the gross margins were 49.3%, down 2.1 percentage points. This was mainly due to the sale of the pharma business, which is a very high gross margin business. |
|
|
Full Story... |
|
|
