3M Q4 2020 Earnings Report

3M delivered strong Q4 results with growth across all business groups and robust cash flow.

Key Takeaways

3M reported a strong fourth quarter with year-on-year growth across all business segments and geographic areas. Sales grew 5.8 percent to $8.6 billion, and both GAAP and adjusted earnings were $2.38 per share.

Delivered year-on-year growth across all business segments and geographic areas.

Sales grew 5.8 percent year-on-year to $8.6 billion.

Organic local-currency sales increased 5.5 percent.

Both fourth-quarter GAAP and adjusted earnings were $2.38 per share.

Total Revenue

$8.58B

Previous year: $8.11B

+5.8%

EPS

$2.38

Previous year: $2.15

+10.7%

Organic Revenue Growth

5.5%

Previous year: -2.6%

-311.5%

Gross Profit

$4.2B

Previous year: $3.79B

+10.8%

Cash and Equivalents

$2.5B

Free Cash Flow

$2.1B

Total Assets

$47.3B

Previous year: $44.7B

+6.0%

3M

3M Revenue by Segment

3M Revenue by Geographic Location

Forward Guidance

3M initiated its full-year 2021 guidance with earnings expected to be in the range of $9.20 to $9.70 per share. The company expects its full-year total sales growth in the range of 5 to 8 percent with organic local-currency growth between 3 to 6 percent.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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