Stunning Q1 for 3M

21 April 2006 St Paul (MN): 3M has posted an impressive Q1, with net income at $899 million, or EPS of $1.17, up from $771 million, or EPS of $0.97, in the same quarter last year.

Worldwide sales totalled $5.6 billion, up 8.3 per cent from $5.2 billion in 2005.

 

3M’s chairman, president and CEO George Buckley said: "This was an outstanding quarter for 3M, characterised by broad-based growth from our entire portfolio and continued strong leverage to the bottom line…We are off to a very strong start in 2006."