3M (MMM) reported earnings on Tue 26 Jan 21 (b/o)

 ** charts after earnings **

3M CEO CEO Mike Roman 

3M beats by $0.21, beats on revs; guides FY21 EPS in-line, revs in-line

Reports Q4 (Dec) earnings of $2.38 per share, $0.21 better than the S&P Capital IQ Consensus of $2.17; revenues rose 5.8% year/year to $8.58 bln vs the $8.39 bln S&P Capital IQ Consensus.

• Organic local-currency sales increased 5.5 percent while acquisitions, net of divestitures, decreased sales by 1.1 percent.

Co issues in-line guidance for FY21, sees EPS of $9.20-9.70 vs. $9.52 S&P Capital IQ Consensus; sees FY21 revs of +5-8% (implying $33.8-34.8 bln) vs. $33.95 bln S&P Capital IQ Consensus.

• Organic local-currency growth between 3 to 6 percent