• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • 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
      • Suppliers Guide
      • Add Your Company
    • 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 Reports Fourth-Quarter, Full-Year 2019 Results

    Full-year sales were $32.1 billion, down 1.9% year-on-year, with free cash flow of $5.4 billion an all-time record.

    3M Reports Fourth-Quarter, Full-Year 2019 Results
    Related CONTENT
    • 3M Invests in TPG Rise Climate Fund
    • 3M Reports Second Quarter 2021 Results
    • CTA: Automotive Tracking for Record Growth at CES 2022
    • 3M Reports 1Q 2021 Results
    • Identiv Awarded Schreiner Group's 'Supplier of the Year' Award
    01.29.20
    3M reported fourth-quarter and full-year 2019 results and provided its 2020 earnings outlook.

    “Our team executed well in the fourth quarter and delivered results that were in-line with our expectations,” said Mike Roman, 3M chairman and CEO. “While we continued to manage challenges in certain key end markets, we generated solid underlying margins and robust free cash flow. We also continue to build for the future, including the launch of our new global operating model which represents the next phase of our transformation journey. As a result of our actions, we are well positioned to improve our performance, return to growth and deliver a successful 2020.”

    Fourth-Quarter Results
    Sales grew 2.1% year-on-year to $8.1 billion. Organic local-currency sales declined 2.6% while acquisitions, net of divestitures, increased sales by 5.1%. Foreign currency translation reduced sales by 0.4% year-on-year.

    Total sales grew 25.4% in Health Care, were flat in Consumer, with declines of 4.8% in Safety and Industrial, and 6.2% in Transportation and Electronics. Organic local-currency sales increased 0.2% in Consumer, with declines of 0.2% in Health Care, 2.8% in Safety and Industrial, and 5.9% in Transportation and Electronics. The company’s operating cash flow was $2.3 billion, contributing to conversion of 186% of net income to free cash flow.

    Full-Year 2019 Results
    Sales declined 1.9% to $32.1 billion with an organic local-currency sales decline of 1.5%. The combination of acquisitions and divestitures increased sales 1.3%. Foreign currency translation decreased sales 1.7%. Full-year operating income margins were 19.2%, while adjusted operating margins were 21.6%. The company’s operating cash flow was $7.1 billion, contributing to conversion of 118% of net income to free cash flow for the year. In addition, 3M generated 17.5% return on invested capital. Free cash flow was $5.4 billion, an all-time record.
    Related Searches
    • 3m
    • electronics
    Suggested For You
    3M Invests in TPG Rise Climate Fund 3M Invests in TPG Rise Climate Fund
    3M Reports Second Quarter 2021 Results 3M Reports Second Quarter 2021 Results
    CTA: Automotive Tracking for Record Growth at CES 2022 CTA: Automotive Tracking for Record Growth at CES 2022
    3M Reports 1Q 2021 Results 3M Reports 1Q 2021 Results
    Identiv Awarded Schreiner Group Identiv Awarded Schreiner Group's 'Supplier of the Year' Award
    OE-A Business Climate Survey: Silver Linings for Printed Electronics Industry OE-A Business Climate Survey: Silver Linings for Printed Electronics Industry
    3M Named 1 of World 3M Named 1 of World's Most Ethical Companies
    3M Reports Sales Information for Month of November 2020 3M Reports Sales Information for Month of November 2020
    3M to Advance Operating Model, Improve Cost Structure, and Accelerate Innovation 3M to Advance Operating Model, Improve Cost Structure, and Accelerate Innovation
    Flex Appoints Dr. Todd M. Fruchterman as President, Reliability Solutions Segment Flex Appoints Dr. Todd M. Fruchterman as President, Reliability Solutions Segment
    3M Finds Trust in Science Soars Amid Global Pandemic 3M Finds Trust in Science Soars Amid Global Pandemic
    3M Reports Sales Information for August 2020 3M Reports Sales Information for August 2020
    Around the World with 3M Volunteers Around the World with 3M Volunteers
    3M, Mitsubishi Paper Mills Complete Patent License Agreement for 3M’s Metal Mesh Technology 3M, Mitsubishi Paper Mills Complete Patent License Agreement for 3M’s Metal Mesh Technology
    3M Announces New Leadership Appointment 3M Announces New Leadership Appointment

    Related Breaking News

    • Adhesives, Barriers and Encapsulants | Breaking News | Displays and Lighting | Film, Paper, Glass and Substrates | Suppliers News | Touch Screens
      3M Invests in TPG Rise Climate Fund

      3M Invests in TPG Rise Climate Fund

      Complements 3M environmental goals for carbon neutrality, water use and quality.
      07.29.21

    • Adhesives, Barriers and Encapsulants | Breaking News | Displays and Lighting | Film, Paper, Glass and Substrates | Financial News | Suppliers News | Touch Screens
      3M Reports Second Quarter 2021 Results

      3M Reports Second Quarter 2021 Results

      Sales of $8.9 billion, up 24.7% year-on-year, with adjusted free cash flow of $1.6 billion, up 2% year-on-year.
      07.28.21

    • Breaking News | Displays and Lighting | Flexible and Printed Electronics | Manufacturers News | Printed Circuit Boards/Membrane Switches/In Mold Electronics | Sensors and Wearables | Suppliers News | Touch Screens
      CTA: Automotive Tracking for Record Growth at CES 2022

      CTA: Automotive Tracking for Record Growth at CES 2022

      More than 175 companies have committed from the transportation and vehicle technology industry for 2022, which is a 12% increase from CES 2020.
      05.24.21


    • Adhesives, Barriers and Encapsulants | Breaking News | Displays and Lighting | Financial News | Suppliers News
      3M Reports 1Q 2021 Results

      3M Reports 1Q 2021 Results

      Reports adjusted free cash flow of $1.4 billion, which was up 49% year-on-year.
      04.29.21

    • Breaking News | RFID and NFC
      Identiv Awarded Schreiner Group

      Identiv Awarded Schreiner Group's 'Supplier of the Year' Award

      For secure IoT medical device authentication and anti-counterfeiting RFID inlays.
      04.01.21

    Loading, Please Wait..
    Trending
    • Celanese Launches Nine New Conductive Inks
    • Sensormatic Solutions Helps Renner Reduce 87% Of Stockouts
    • Veridos To Become Majority Shareholder In NetSeT
    • Johan Hjertonsson Proposed As New Chairman Of ASSA ABLOY
    • Most Intriguing Flexible And Printed Electronics Products Of 2022
    Breaking News
    • Alexander Everke Hands Over ams OSRAM CEO Position to Aldo Kamper
    • Angèle Reinders Named New Director of Solliance
    • C3Nano Launches New SuperGrid Flexible Low-Temperature Ink
    • PPG Earns ISO 14001 Certification of Environmental Management
    • Johan Hjertonsson Proposed as New Chairman of ASSA ABLOY
    View Breaking News >
    CURRENT ISSUE

    Winter 2021

    • Printed Electronics Now’s International Suppliers’ Directory
    • The Automotive Market and Flexible and Printed Electronics
    • Flexible and Printed Electronics in Healthcare
    • Flexible and Printed Electronics Make Gains in Smart Packaging
    • PAPERONICS: Low-cost multisensory paper and packaging applications
    • 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

    Pycnogenol Supplementation Linked to Better Hair Density in Menopausal Women
    BAPP Paper Reviews Common Adulteration Practices Which Go Undetected
    CRN Announces Promotions and Welcomes New Staff Member
    Coatings World

    Latest Breaking News From Coatings World

    ROSS Offers Heavy-Duty Three Roll Mills for High Viscosity Dispersions
    PPG Achieves ISO 14001 Certification of Environmental Management System
    AmCoat’s Rhino Shield and Floor Shield Break Records in 2022
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Japanese Universities Start Joint Trials for Fall Detection Tech
    FDA Clears H2o Therapeutics' Parkinson's Disease Monitoring App
    MICRO's Costa Rica Facility Achieves ISO 13485:2016 Certification
    Contract Pharma

    Latest Breaking News From Contract Pharma

    HPNE Launches New Approach to Single-Use Assembly Production
    Andelyn Biosciences, Odylia Therapeutics Partner to Manufacture Gene Therapy for Vision Loss
    Lonza Breaks Ground on Commercial Drug Product Facility in Stein
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    CVS Health Introduces Inclusive Beauty and Personal Care Brand
    Paco Rabanne Launches FAME Fragrance in the U.S.
    Sally Beauty Expands Bondbar Lineup of Hair Care Products
    Happi

    Latest Breaking News From Happi

    Sally Beauty Expands Lineup of Hair Care Products
    Moroccanoil Introduces First Global Community Event
    Native Launches Curl Care Collection
    Ink World

    Latest Breaking News From Ink World

    The 2023 CPIPC Golf Outing is Set for June 21
    C3Nano Offers New SuperGrid Flexible Low-Temperature Ink
    ROSS Develops Heavy-Duty Three Roll Mills for High Viscosity Dispersions
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Baker Labels invests in Digicon 3000 for flexible packaging division
    PIM promotes Kristin Pilling-Davis to executive director
    Stratus Packaging embraces automation with Bobst
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    WPT Nonwovens to Add Thermobonding Line in Kentucky
    Superior Felt & Filtration Adds Domestic Injection Molding to its Medical Filtration Capabilities
    Ahlstrom Launches New Generation FluoroFree Technology
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ADSM-Synchro Medical Acquired by Tyber Medical
    Solid Growth Ahead for Orthopedic Power Tools Market
    Mobi-C Cervical Disc Replacement Procedures Top 200,000
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Alexander Everke Hands Over ams OSRAM CEO Position to Aldo Kamper
    Angèle Reinders Named New Director of Solliance
    C3Nano Launches New SuperGrid Flexible Low-Temperature Ink

    Copyright © 2023 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