3M Raises Annual Earnings Guidance as Quarterly Sales and Profit Increase
Third-quarter sales rose 1% to $6.6 billion, with organic growth of 3.3%. Adjusted EPS increased to $2.50 from $2.23, and adjusted operating margin expanded 110 basis points to 26.2%.
Group sales ticked up 1% to $6.6bn in the three months to September end, with organic growth of 3.3%, while adjusted earnings per share improved to $2.50 from $2.23. Cost control measures and higher prices helped left the adjusted operating margin 110 basis points to 26.2%.Sales in the consumer div…