3M Co.

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Other Pre-Announcement

3M Reports First-Quarter 2021 Results

Published: 04/27/2021 10:50 GMT
3M Co. (MMM) - 3m Reports First-quarter 2021 Results.
Q1 Sales Rose 9.6 Percent to $8.9 Billion.
Sees FY Earnings per Share $9.20 to $9.70.
Sees FY Sales Up 5 to 8 Percent.
Q1 Adjusted Earnings per Share $2.77.
Qtrly GAAP and Adjusted EPS of $2.77.
Qtrly Organic Local-currency Sales Increased 8.0 Percent Year-on-year.
3m's Full-year 2021 Guidance Remains Unchanged With Earnings Expected to Be in Range of $9.20 to $9.70 per Share.
Expects Full-year Total Sales Growth in Range of 5 to 8 Percent With Organic Local-currency Growth Between 3 to 6 Percent.
Expects Its Full-year Free Cash Flow Conversion to Be in Range of 95 to 105 Percent.
Qtrly Safety and Industrial Sales of $3.3 Billion, Up 13.7 Percent in U.S. Dollars.
Qtrly Transportation and Electronics Sales of $2.5 Billion, Up 13.1 Percent in U.S. Dollars.
Qtrly Health Care Sales of $2.2 Billion, Up 6.8 Percent in U.S. Dollars.
Foreign Currency Translation Increased Qtrly Sales by 3.0 Percent Year-on-year.
Q1 Earnings per Share View $2.29, Revenue View $8.47 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2021 Earnings per Share View $9.61 -- Refinitiv Ibes Data (analyst estimates).