3M Co. (MMM) Tops Q3 EPS by 17c, Revenues Beat

3M Co. (NYSE: MMM) reported Q3 EPS of $2.43, $0.17 better than the analyst estimate of $2.26. Revenue for the quarter came in at $8.4 billion versus the consensus estimate of $8.29 billion.

“Our third-quarter performance demonstrated once again the strength of the 3M model as we executed well, served customers and continued to fight the pandemic,” said Mike Roman, 3M chairman and chief executive officer. “Though economic uncertainty and challenges due to the COVID-19 pandemic remain, we returned to positive organic sales growth with sequential improvement across businesses and geographies. We posted another quarter of robust cash flow, aggressively managed costs and further strengthened our balance sheet.

“We continue to take actions to transform 3M and position us to deliver strong results as our end markets recover,” Roman continued. “We will invest where demand is strong, aggressively manage our cost structure, and create new innovations that address customer needs and global market trends.”

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

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