Edition:
United Kingdom

3M reports fourth-quarter 2018 results


Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - 3M Co ::3M REPORTS FOURTH-QUARTER 2018 RESULTS.SEES FY 2019 EARNINGS PER SHARE $10.45 TO $10.90.Q4 ADJUSTED EARNINGS PER SHARE $2.31 EXCLUDING ITEMS.Q4 GAAP EARNINGS PER SHARE $2.27.Q4 SALES $7.9 BILLION VERSUS REFINITIV IBES ESTIMATE OF $7.86 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $2.28 -- REFINITIV IBES DATA.QTRLY INDUSTRIAL SALES OF $3.0 BILLION, DOWN 0.3 PERCENT IN U.S. DOLLARS.QTRLY ORGANIC LOCAL-CURRENCY SALES INCREASED 3.0 PERCENT.QTRLY FOREIGN CURRENCY TRANSLATION DECREASED SALES BY 2.3 PERCENT YEAR-ON-YEAR."POSITIONED FOR A SUCCESSFUL 2019".EXPANDED ITS FULL-YEAR ORGANIC LOCAL-CURRENCY GROWTH EXPECTATION TO A RANGE OF 1 TO 4 PERCENT.MAINTAINED ITS FULL-YEAR EXPECTATIONS FOR FREE CASH FLOW CONVERSION OF 95 TO 105 PERCENT.FULL-YEAR EXPECTATIONS FOR RETURN ON INVESTED CAPITAL OF 22 TO 25 PERCENT.FY2019 EARNINGS PER SHARE VIEW $10.74 -- REFINITIV IBES DATA.