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Sep 30, 2021
3M Q3 2021 Earnings Report
Reported sales increased by 7.1% year-on-year, with organic local-currency sales up by 6.3%, and EPS of $2.45.
Key Takeaways
3M reported strong Q3 2021 results with sales of $8.9 billion, a 7.1% increase year-on-year. Organic local-currency sales grew by 6.3%. The company reported earnings per share of $2.45 and generated $1.5 billion in adjusted free cash flow.
Sales of $8.9 billion, up 7.1 percent year-on-year
Organic local-currency sales increased 6.3 percent year-on-year
Earnings per share of $2.45
Adjusted free cash flow of $1.5 billion
Revenue by Segment
Forward Guidance
3M is updating its full-year 2021 sales and earnings expectations to include the company’s year-to-date results and reflect the current global supply chain disruptions.
Positive Outlook
- Total sales growth 9% to 10%
- Organic local-currency sales growth 8% to 9%
- Earnings per share $9.70 to $9.90
- Expects to generate strong cash flow
- Maintains its full-year free cash flow conversion range of 90 to 100 percent
Historical Earnings Impact
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Avg. Return Before/After Earnings
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