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Article: 3M Reports Strong Third-Quarter Results.(Financial report)
- Article from:
- Journal of Engineering
- Article date:
- November 4, 2009
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3M (NYSE: MMM) announced third-quarter earnings of $1.35 per share on sales of $6.2 billion, with operating income margins of 23.9 percent (a). Sales and per-share earnings declined 5.6 percent and 4.3 percent year-on-year, respectively. On a sequential basis, sales and per-share earnings increased 8.3 percent and 20.5 percent, respectively, and operating income margins improved by 3.1 percentage points versus second quarter levels. Free cash flow (i) for the third quarter was $1.6 billion, up 97 percent year-on-year.
Excluding special items (b-f), net income was $971 million and earnings were $1.37 per share, down 2.8 percent and 3.5 percent year-on-year, ...