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Dec 31, 2021

3M Q4 2021 Earnings Report

Reported solid Q4 2021 results with notable strength and maintained focus on serving customers in a challenging environment.

Key Takeaways

3M delivered a solid fourth-quarter performance with sales of $8.6 billion, up 0.3 percent year-on-year, and earnings per share of $2.31. The company effectively managed supply chain disruptions, made progress on pricing actions, and controlled costs.

Sales of $8.6 billion, up 0.3 percent year-on-year; organic local-currency sales increased 1.3 percent year-on-year

Earnings per share of $2.31

Operating cash flow of $2.0 billion; adjusted free cash flow of $1.5 billion, down 30 percent year-on-year

Returned $1.8 billion to shareholders via dividends and gross share repurchases

Total Revenue
$8.61B
Previous year: $8.58B
+0.3%
EPS
$2.31
Previous year: $2.38
-2.9%
Organic Revenue Growth
1.3%
Previous year: 5.5%
-76.4%
Gross Profit
$3.91B
Previous year: $4.2B
-6.7%
Cash and Equivalents
$4.56B
Previous year: $2.5B
+82.6%
Free Cash Flow
$1.45B
Previous year: $2.1B
-31.0%
Total Assets
$47.1B
Previous year: $47.3B
-0.6%

3M

3M

3M Revenue by Segment

Forward Guidance

3M will host a virtual strategic update and 2022 outlook meeting on Monday, Feb. 14, 2022.

Revenue & Expenses

Visualization of income flow from segment revenue to net income