3M Co. (MMM) Tops Q4 EPS by 8c

3M Co. (NYSE: MMM) reported Q4 EPS of $2.10, $0.08 better than the analyst estimate of $2.02. Revenue for the quarter came in at $8 billion, versus $7.83 billion reported last year.

2018 Updated Outlook

The company now expects 2018 earnings to be in the range of $10.20 to $10.70 per share versus the prior expectation of $9.60 to $10.00. The company also anticipates its full-year tax rate will be 20.0 to 22.0 percent, versus a prior range of 26.0 to 27.0 percent. 3M affirmed its organic local-currency sales growth expectations of 3 to 5 percent and free cash flow conversion of 90 to 100 percent, as referenced in the “Supplemental Financial Information Non-GAAP Measures” section.

For earnings history and earnings-related data on 3M Co. (MMM) click here.

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