in this issue
People & Business :: Earnings/Finance
3M Affirms 2011 Guidance; Sees 6% EPS Increase in 2012
10:00 AM MST | December 6, 2011 | Vincent Valk
3M today affirmed its previous full-year 2011 earnings guidance of $5.85-$5.95/share, and announced that it expects earnings to rise by about 6% in 2012, to $6.25-$6.50/share. The company expects sales to fall between $30.2 billion and $31.5 billion next year, it says, a 2% to 6% annual increase. The 2012 outlook is predicated on global industrial production growth of between 1% and 3% for the entire year. “As a consumables company sensitive to swings in its distribution channels, 3M made the case for modest growth in 2012, but with the assumption...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee