• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Printed Electronics
    • Raw Materials
    • Equipment
    • Services
    • Suppliers Guide
    • Resources
    • More
  • Magazine
  • News
  • Printed Electronics
  • Raw Materials
  • Equipment
  • Services
  • Suppliers Guide
  • Resources
  • Current & Past Issues
    Features
    Editorials
    Digital Edition
    Subscribe Now
    Advertise Now
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Breaking News
    Experts Opinion
    Financial News
    Manufacturers News
    Mergers and Acquisitions
    Online Exclusives
    Personnel
    Product Releases
    Suppliers News
    Live From Shows
    Displays and Lighting
    Photovoltaics
    Printed Batteries
    Printed Circuit Boards/Membrane Switches/In Mold Electronics
    Flexible and Printed Electronics
    RFID and NFC
    Sensors and Wearables
    Smart Cards and Packaging
    Touch Screens
    Adhesives, Barriers and Encapsulants
    Chemicals, Metals and Powders
    Conductive Inks and Coatings
    Electronic Materials
    Film, Paper, Glass and Substrates
    Graphene, Perovskites and Carbon Nanotubes
    Nanomaterials
    Printed Electronic Components
    Research Reports
    Semiconductors and Quantum Dots
    Energy Curing Equipment
    Lab and Testing Equipment
    Manufacturing Equipment
    Printing Equipment
    3D Printing
    Contract Manufacturing Services
    Product Design and Testing
    Research and Consulting
    Research Institutions
    Research Reports
    Universities
    Equipment
    All Companies
    Materials
    Categories
    Converting
    Printed Electronics Systems
    Associations
    Research and Services
    Used Machinery
    Add New Company
    Industry Events
    Live from show events
    Podcasts
    Videos
    Blogs
    Slideshows
    Infographics
    Webinars
    Whitepapers
    Equipment and Services
    Glossary
    • Magazine
      • Current & Past Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Suppliers Guide
      • Add Your Company
      • Suppliers Guide
    • Printed Electronics
      • Photovoltaics
      • Printed Batteries
      • Printed Circuit Boards/Membrane Switches/In Mold Electronics
      • Flexible and Printed Electronics
      • RFID and NFC
      • Sensors and Wearables
      • Smart Cards and Packaging
      • Touch Screens
    • Raw Materials
      • Adhesives, Barriers and Encapsulants
      • Chemicals, Metals and Powders
      • Conductive Inks and Coatings
      • Electronic Materials
      • Film, Paper, Glass and Substrates
      • Graphene, Perovskites and Carbon Nanotubes
      • Nanomaterials
      • Semiconductors and Quantum Dots
    • Equipment
      • Energy Curing Equipment
      • Lab and Testing Equipment
      • Manufacturing Equipment
      • Printing Equipment
      • 3D Printing
    • Services
      • Contract Manufacturing Services
      • Product Design and Testing
      • Research and Consulting
      • Research Institutions
      • Research Reports
      • Universities
    • Online Exclusives
    • Slideshows
    • Blog
    • Videos
    • Podcasts
    • Infographics
    • Events
      • Industry Events
      • Live from show events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    3M Posts First-Quarter Sales of $7.4 Billion, GAAP EPS of $2.05

    Operating income margins up 1.3 percentage points year-on-year to 24.1%.

    Related CONTENT
    • Merck KGaA Reports Strong 3Q 2020
    • Emerson Reports 2Q 2017 Results
    • 3M Delivers 1Q 2017 Sales of $7.7 Billion, EPS of $2.16
    • 3M to Acquire Scott Safety from Johnson Controls
    • Emerson Reports 1Q 2017 Results
    04.26.16
    3M reported first-quarter earnings of $2.05 per share, an increase of 10.8% versus the first quarter of 2015. Sales declined 2.2% year-on-year to $7.4 billion. Organic local-currency sales declined 0.8% while acquisitions, net of divestitures, added 1.6% to sales. Foreign currency translation reduced sales by 3.0% year-on-year.
     
    Operating income was $1.8 billion and operating income margins for the quarter were 24.1%, up 1.3 percentage points year-on-year. First-quarter net income was $1.3 billion and the company converted 74% of net income to free cash flow.
     
    Organic local-currency sales growth was 6.2% in Health Care, 2.8% in Consumer and 2.4% in Safety and Graphics, with declines of 1.9% in Industrial and 11.7% in Electronics and Energy
     
    “Our team continued to execute the 3M playbook and delivered another solid operational performance in the first quarter,” said Inge G. Thulin, 3M’s chairman, president and CEO. “We expanded 3M’s profitability, improved our cash flow generation, and increased margins over a full percentage point. At the same time, we continued to invest in the business – including opening a new, world-class laboratory in the United States – while returning cash to our shareholders.”
     
    Industrial Group sales were $2.6 billion, down 3.0% in US dollars. Sales growth in automotive OEM, automotive aftermarket and 3M Purification was offset by declines across the rest of the portfolio. Operating income was $617 million, up 3.6% year-on-year, with an operating margin of 23.9%.
     
    Safety and Graphics Group sales were $1.4 billion, up 2.9% in US dollars. Sales grew in roofing granules, commercial solutions and personal safety; sales declined in traffic safety and security. Operating income was $345 million, an increase of 3.1% year-on-year, with an operating margin of 24.5%.
     
    Health Care Group sales were $1.4 billion, up 4.0% in US dollar, with strong sales growth across all businesses. Operating income was $455 million, an increase of 11.5% year-on-year, with an operating margin of 32.9%.
     
    Electronics and Energy Group sales were $1.1 billion, down 13.6% in US dollars. Electronics-related sales decreased 18% with declines in both electronics materials solutions and display materials and systems; energy-related sales declined 1% as growth in electrical markets was offset by declines in renewable energy and telecom. Operating income was $208 million, down 26.8% year-on-year, with an operating margin of 18.2%.
     
    Consumer Group sales were $1.0 billion, up 0.1% in US dollars. Sales grew in three of four businesses, led by home improvement and consumer health care. Operating income was $238 million, down 1.1% year-on-year, with an operating margin of 22.7%.
    Related Searches
    • 3m
    • electronics
    • LED
    Suggested For You
    Merck KGaA Reports Strong 3Q 2020 Merck KGaA Reports Strong 3Q 2020
    Emerson Reports 2Q 2017 Results Emerson Reports 2Q 2017 Results
    3M Delivers 1Q 2017 Sales of $7.7 Billion, EPS of $2.16 3M Delivers 1Q 2017 Sales of $7.7 Billion, EPS of $2.16
    3M to Acquire Scott Safety from Johnson Controls 3M to Acquire Scott Safety from Johnson Controls
    Emerson Reports 1Q 2017 Results Emerson Reports 1Q 2017 Results
    3M Reports 4Q, Full-Year 2016 Results 3M Reports 4Q, Full-Year 2016 Results
    3M Delivers 3Q 2016 Sales of $7.7 Billion and Earnings of $2.15 per Share 3M Delivers 3Q 2016 Sales of $7.7 Billion and Earnings of $2.15 per Share
    3M Board Declares Quarterly Dividend 3M Board Declares Quarterly Dividend
    Evonik Reports 2Q 2016 Financial Results Evonik Reports 2Q 2016 Financial Results
    Flex Reports 3Q Fiscal 2016 Results Flex Reports 3Q Fiscal 2016 Results
    Flex Reports 2Q 2016 Results Flex Reports 2Q 2016 Results
    ALTANA Achieves Leap in Sales and Earnings in 2014 ALTANA Achieves Leap in Sales and Earnings in 2014
    3M Posts Record 3Q 2014 Sales, EPS 3M Posts Record 3Q 2014 Sales, EPS

    Related Breaking News

    • Breaking News | Displays and Lighting

      UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award

      “Our website is one of the primary thresholds to our brand," said Andrew Cottone, president of Adesis, Inc.
      Printed Electronics Now staff 01.25.21

    • Breaking News | Semiconductors and Quantum Dots
      Ambiq Wins IoT Semiconductor Company of the Year Award

      Ambiq Wins IoT Semiconductor Company of the Year Award

      Ambiq believes that innovation is essential to the advancement of human society.
      Printed Electronics Now staff 01.22.21

    • Breaking News | Displays and Lighting | Flexible and Printed Electronics | Personnel | Suppliers News
      Ynvisible Names Michael Robinson CEO, Jani-Mikael Kuusisto SVP Ventures

      Ynvisible Names Michael Robinson CEO, Jani-Mikael Kuusisto SVP Ventures

      Ynvisible is focusing on speed to market for customer products and sustainable financial growth.
      David Savastano, Editor 01.22.21


    • Breaking News | Photovoltaics | Research Institutions
      IHSMarkit Reports Top Clean-Tech Trends for 2021

      IHSMarkit Reports Top Clean-Tech Trends for 2021

      Solar surges by 30%, 10 GW milestone for offshore wind among highlights.
      David Savastano, Editor 01.22.21

    • Breaking News | RFID and NFC
      Roadsimple Modernizes Warehouse Ops with Zebra Technologies

      Roadsimple Modernizes Warehouse Ops with Zebra Technologies

      Roadsimple 'transformed our warehouse from a manual-based operation using pen and paper to a truly modernized one,' said Hao Fang, IT director.
      Printed Electronics Now staff 01.22.21

    • Breaking News | Sensors and Wearables
      Emerson Receives 2021 IoT Breakthrough Award for Analytics Platform of the Year

      Emerson Receives 2021 IoT Breakthrough Award for Analytics Platform of the Year

      Real-time data and analytics are key drivers for optimizing operational performance, asset health and plant safety.
      Printed Electronics Now Staff 01.21.21


    • Breaking News | Graphene, Perovskites and Carbon Nanotubes | Research Institutions
      Graphene Flagship Launches Redesigned Website

      Graphene Flagship Launches Redesigned Website

      Site features completely redesigned aesthetic, with emphasis on easy-to-access informative content presented in a simple, clean and visually appealing way.
      Printed Electronics Now staff 01.20.21

    • Breaking News | Flexible and Printed Electronics | Research Institutions | Sensors and Wearables
      TNO at Holst Centre Develops Cuddle Vest

      TNO at Holst Centre Develops Cuddle Vest

      Connected cuddle vest with printed electronics can give hugs from a distance.
      Printed Electronics Now staff 01.19.21

    • Breaking News | Flexible and Printed Electronics | Semiconductors and Quantum Dots
      Annual Outlooks at Virtual ISS 2021 Point to Global Economic, Chip Industry Growth

      Annual Outlooks at Virtual ISS 2021 Point to Global Economic, Chip Industry Growth

      Semiconductor industry to grow to $1 trillion in chip sales in the early 2030s, speakers at the Virtual SEMI Industry Strategy Symposium revealed.
      Printed Electronics Now staff 01.19.21


    • Breaking News | Sensors and Wearables
      InnovationLab, Bitquadrat Launch Smart Mattress Cover for Patient Monitoring

      InnovationLab, Bitquadrat Launch Smart Mattress Cover for Patient Monitoring

      Integration of printed pressure sensors and healthcare software enables dramatic risk-reduction in dangerous pressure ulcers.
      Printed Electronics Now staff 01.19.21

    • Breaking News | Research Institutions | Semiconductors and Quantum Dots
      imec: Novel Approach for Improving Gate-stack Reliability

      imec: Novel Approach for Improving Gate-stack Reliability

      Atomic hydrogen treatment to improve NBTI reliability in low-thermal-budget process flows.
      Printed Electronics Now staff 01.19.21

    • Breaking News | Contract Manufacturing/Printing | Flexible and Printed Electronics | Smart Cards and Packaging
      Jones Healthcare Group Operating Through Ontario’s New COVID-19 Restrictions

      Jones Healthcare Group Operating Through Ontario’s New COVID-19 Restrictions

      Operations 'remain in full compliance with mandates and recommendations from official health organizations and the government.'
      Printed Electronics Now staff 01.18.21


    • Breaking News | Displays and Lighting
      JOLED, LG Collaborate on Display for Creative Professionals

      JOLED, LG Collaborate on Display for Creative Professionals

      LG launching premium 32-inch monitor LG UltraFine Display OLED Pro.
      Printed Electronics Now staff 01.18.21

    • Breaking News | Semiconductors and Quantum Dots
      SOI Industry Consortium Joins SEMI as Strategic Association Partner

      SOI Industry Consortium Joins SEMI as Strategic Association Partner

      Industry organization representing the complete SOI-based microelectronics value chain.
      Printed Electronics Now staff 01.18.21

    • Breaking News | Contract Manufacturing/Printing | Manufacturers News
      Toppan Announces 2050 Environmental Vision

      Toppan Announces 2050 Environmental Vision

      Commitment to target zero waste emission and virtually zero greenhouse gas emissions in 2050.
      Printed Electronics Now staff 01.18.21

    Trending
    • TNO At Holst Centre Develops Cuddle Vest
    • IHSMarkit Reports Top Clean-Tech Trends For 2021
    • InnovationLab, Bitquadrat Launch Smart Mattress Cover For Patient Monitoring
    • Active-matrix Organic Light-emitting Diode Display On Human Skin
    • New CPI Facility To Develop Opportunities In IoT
    Breaking News
    • UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award
    • Ambiq Wins IoT Semiconductor Company of the Year Award
    • Ynvisible Names Michael Robinson CEO, Jani-Mikael Kuusisto SVP Ventures
    • IHSMarkit Reports Top Clean-Tech Trends for 2021
    • Roadsimple Modernizes Warehouse Ops with Zebra Technologies
    View Breaking News >
    CURRENT ISSUE

    Fall 2020

    • Flexible Electronics Is Proving to Be Ideal for Healthcare
    • COVID-19 and the Printed Electronics Industry
    • Smart Packaging Looks to Move Forward
    • Electronic & Conductive Ink Conference Showcases Future of Ink Technology
    • Printed Electronics Now’s International Suppliers’ Directory
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    NIH Study Compares Low-Fat, Plant-based to Low-Carb, Animal-Based Diet
    Gadot Positions Mineral Line for Vegan Market
    Nutritfy India to Launch Global Broadcast Channel Covering Nutrition
    Coatings World

    Latest Breaking News From Coatings World

    APV Engineered Coatings Reflects on 2020
    LINE-X Launches Dealer Program with International Truck
    Mankiewicz Announces Leadership Change in Aviation Division
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Signia Appoints New President
    At-Home COVID-19 Test Kits Boosts Disease Monitoring Capabilities
    QT Imaging Signs Distribution Agreement With Freedom Ventures for Breast Scanner
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Pfizer, BioNTech Enter Vax Pact with COVAX
    FDA Approves Janssen’s CABENUVA
    AGC Biologics Appoints Boulder Site GM
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Estée Lauder Companies Updates Supply Chain Leadership
    Weekly Recap: JLo Beauty Launches, Unilever Partners with Alibaba, Estée Lauder Appoints SVP & More
    Coty Appoints Chief Procurement Officer
    Happi

    Latest Breaking News From Happi

    Estée Lauder Companies Updates Supply Chain Leadership
    Clorox Reaches Renewable Electricity Marker
    SV Labs Acquired by PE
    Ink World

    Latest Breaking News From Ink World

    BOBST Demonstrates Future of Flexible Packaging Production at Virtual Open House
    Morancé Soudure France Adds Comexi F2 MC 10-color Flexo Press
    AR Packaging Acquiring Firstan Holdings Ltd
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Gallus planning virtual event for March
    Lemu Group engineers mask-making machine
    Niagara Label upgrades with Nilpeter flexo press
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Freudenberg to Establish Apparel Interlining Competence Centers
    Minet Adds Spunlace Line in Romania
    Lemu Group Engineers Mask-Making Machine
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    First Patient Implanted With NEXXT MATRIXX SA Cervical Turn-Lock System
    Cretex Companies CEO Steps Down
    Conformis Enters Development & Supply Agreement with SITES Medical
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award
    Ambiq Wins IoT Semiconductor Company of the Year Award
    Ynvisible Names Michael Robinson CEO, Jani-Mikael Kuusisto SVP Ventures

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login