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

Earnings this week : Jan 25 - 29, 2021 (wk 4)

Monday (Jan 25)

• Morning:  BOH CADE CBU KMB PHG
• Afternoon: AGNC BXS BOOT BRO CR ELS GGG FUL HTLF HXL JJSF STLD XLNX

Tuesday (Jan 26)

• Morning: MMM ALK AXP ADM ALV CIT DHI FCX GATX GE IVZ JNJ LMT NEE NEP NVS PCAR PPBI PII PLD RTX ROK SFNC SNV UBS VZ XRX
• Afternoon:  AMD BXP CHRW CNI COF EHC FFIV FCF FMBI HA HOPE MRTN MXIM MSFT NAVI RNR RNST SLGN SBUX LRN TXN TRMK UMBF VAR WRB WSBC

Wednesday (Jan 27)

• Morning:  ABT APH ANTM T ADP BX BA EAT CLS CVLT GLW EXTR GD HES KNX MKTX MNRO NDAQ NYCB NSC OSK PGR PB ROL RES SBSI TEL TDY TXT UMC VFC
• Afternoon:  AMP AAPL AZPN AVT AXS CACI CALX CP CATY CNS CNMD CLB CREE CCI CVBF DRE EW FB HOLX ISBC LRCX LSTR LVS LEVI MTH MEOH MKSI NXGN PKG PTC RJF SLM SEIC NOW SLG SSB SYK TER TSLA TTEK URI WHR

Thursday (Jan 28)

• Morning: FLWS AOS ABMD ATI ADS MO AAL AIT BC CRS CNX COLB CMCSA CFR DHR DOV DOW EXP EWBC FCFS FLEX JBLU KEX MTSI MMYT HZO MMC MA MKC MCD MSCI MUR NTCT NOC NUE NVR ORI OSIS PNR BPOP PHM RCI SHW LUV SWK STM TROW TSCO UBSI VLO VLY WRK XEL
• Afternoon:  EGHT ABCB AJG TEAM AX CE DLB EMN ETH FHI FICO FFBC HTH JNPR MITK MDLZ NATI OLN PFG RMD RHI SIGI SWKS X V WDC

Friday (Jan 29)  

• Morning:  BMI BAH CAT CHTR CVX CHD CL LLY ERIC FBP GNTX HON JCI LYB MOG.A PSX PSXP PFS ROLL ROP SAP SYF WY WETF

3M (MMM) reported earnings on Tue 27 Oct 20 (b/o)

 ** charts after earnings **

 

3M beats by $0.16, reports revs in-line; no FY20 guidance

Reports Q3 (Sep) earnings of $2.43 per share, excluding non-recurring items, $0.16 better than the S&P Capital IQ Consensus of $2.27; revenues rose 4.5% year/year to $8.35 bln vs the $8.38 bln S&P Capital IQ Consensus.

Due to the continued evolving and uncertain impact of the COVID-19 pandemic, 3M is not able to estimate the full duration, magnitude and pace of recovery across its diverse end markets with reasonable accuracy. Therefore, 3M continues to believe it is prudent to not provide guidance.

The company estimates total sales for October to be flat to up low-single digits year-on-year. This estimate includes the anticipated impact of one fewer business day in October 2020 versus October 2019.

=3M (MMM) reported earnings on Thur 24 Oct 19 (b/o)

Oct 24 (Reuters) - 3M Co, the maker of Scotch tape and Post-it notes, reported a 2% fall in quarterly revenue and lowered its full-year earnings outlook, hurt by slowing demand for its products in key markets such as China.

Net income attributable to the company rose to $1.58 billion, or $2.75 per share, in the third quarter ended Sept. 30, from $1.54 billion, or $2.64 per share, a year ago, helped by a gain from a divestiture.

Net sales fell to $7.99 billion from $8.15 billion.

=3M (MMM) reported earnings on Thur 25 April 2019 (b/o)

3M misses by $0.27, misses on revs; slashes FY19 guidance, initiates restructuring and other actions

• Reports Q1 (Mar) earnings of $2.23 per share, excluding non-recurring items, $0.27 worse than the S&P Capital IQ Consensus of $2.50; revenues fell 5.0% year/year to $7.86 bln vs the $8.02 bln S&P Capital IQ Consensus.
  • Organic local-currency sales declined 1.1 percent while divestitures, net of acquisitions, decreased sales by 0.5 percent. Foreign currency translation decreased sales by 3.4 percent year-on-year.
• "The first quarter was a disappointing start to the year for 3M," said Mike Roman, 3M chief executive officer. "We continued to face slowing conditions in key end markets which impacted both organic growth and margins, and our operational execution also fell short of the expectations we have for ourselves. As a result, we have stepped up additional actions -- including restructuring -- to drive productivity, reduce costs, and increase cash flow as we manage through challenges in some of our end markets.
• Two significant litigation issues impacted 3M's first-quarter results. The company established a reserve of $235 million to resolve certain environmental matters and litigation, in which 3M is a defendant, related to its historical manufacture and disposal of PFAS-containing waste. 3M manufactured or used PFAS at five manufacturing plants globally, including in Alabama, Illinois and Minnesota in the United States, as well as in Belgium and Germany. The company also increased its respirator reserve by $313 million to address the cost of resolving all current and expected future coal mine dust lawsuits in Kentucky and West Virginia. These actions resulted in a total significant litigation-related pre-tax charge of $548 million. 3M's upcoming Form 10-Q filing will include additional details.
• Reflecting a slower than expected 2019, 3M has initiated restructuring and other actions that will result in an expected reduction of 2,000 positions worldwide with an estimated annual pre-tax savings range of $225 million to $250 million, with $100 million in the remainder of 2019. The company anticipates a pre-tax charge in 2019 of approximately $150 million, or $0.20 per share. These actions will span all business groups, functions and geographies, with emphasis on corporate structure and underperforming areas of the portfolio.
• Co issues downside guidance for FY19, sees EPS of $9.25-9.75 (Prior $10.45-10.90), excluding non-recurring items, vs. $10.52 S&P Capital IQ Consensus; expects organic local-currency sales growth in the range of -1 to +2% versus a prior range of +1-4% 

Earnings this week : Apr 22 - 26, 19 (wk 17)

777 companies reporting, 155 companies in the S&P 500 index.

Monday (April 22)

Markets closed in Europe, Canada, Hong Kong and Australia for Easter Monday holiday

Europe:

• STOXX Europe 600: closed
• Germany's DAX: closed
• U.K.'s FTSE 100: closed
• France's CAC 40: closed
• Italy's FTSE MIB: closed
• Spain's IBEX 35: closed

Asia: Hang Seng  CLOSED  Shanghai  open  Nikkei open

• Morning: AVX BOH CBU GWW HAL HNI KMB LECO LII NVR ONB STLD TCF
• Afternoon:  ACC ALSN BEDU BRO CDNS CE CMRE EGP ELS HLX HSTM IBTX MINI NBTB RMBS RRC SFNC WAL WHR ZION

Tuesday (April 23)

• Morning:  ABCB ABG ARCH ASTE ATI AXE BANC CIT CNC DGX EDU FBC FCF FELE FITB FNB GPK HAS HOG IRDM JBLU KO LMT MTG NEE NTRS NUE PG PHM PII PPBI SHW SNV STT TECK TRU TWTR UMBF UTX VZ WAT WSO
• Afternoon:  AMTD BXMT CHFC CP CSGP CSL EBAY EW FCPT FE FMBI FR HA HIW HXL IRBT KALU LRN LTXB MANH MMSI MTH NAVI NBHC NWE RHI RNST SITC SIX SNAP SPN SYK TER TRMK TSS TXN UCBI VMI WRB

Wednesday (April 24)

• Morning:  ANTM APD APH AVY AXTA BA BCO BIIB BKU BOKF BSX CAT CSTM CVE DPZ DTE EVR FBP FCFS FLIR FSV GATX GD GNTX IART KNX LAD MCO MHO MKTX NDAQ NOC NSC NVS OC PB RES ROL SAP SIRI SLAB SLGN STM SWK SXC T TDY TEL TMO TROW TUP UMC
• Afternoon:  AGNC AGR AKR ALGN ALGT AMP ARI ASGN AVB AXS AXTI AZPN BCOV BDN BHE CHDN CINF CLB CLGX CMG CNMD COR CTXS CUBI CUZ CVBF DRE ECHO EIG ESRT ESS FB FBHS FFIV FNF FWRD GGG HP ISBC KN KRA LRCX LSTR MEOH MSA MSFT NOW NTGR OIS ORLY PKG PTC PYPL QEP RJF ROIC SAM SAVE SCI SEIC STL SUI SWI TILE TRN TSLA UFPI V VAR WCN WPG WRE XLNX

Thursday (April 25)

• Morning:  AAN AB ABBV ADS AEP ALKS ALLE ALXN ASPS AUO BAX BC BMY BWA CBZ CFR CLF CLS CMCS.A CMS CNSL COLB COWN CRR CRS CTS CWT DHI DLX ENTG EQT FAF FCN FCX GLOP GNC GPI GRA GRC HBAN HEES HES HSY HZO IBKC IP IRM ITW IVZ LANC LAZ LKQ LUV MAS MDCO MMC MMM MO NCI NEM NOK NTB NVT ODFL ORI PAG PATK PDS PRLB PTEN ROK ROP RS RTN SAH SHOO SSTK TAL TPH TSCO TZOO UBSI UPS VC VLO VLY WAB WEC WM WNS WST WWE XEL XRX YNDX
• Afternoon:  AEM AFL AJG ALK AMZN ASB ATEN ATRC AVT BABY BEAT BGG BJRI BMRN BOOM BYD CERN CIR COF COLM CUBE CVA CXP CY DFS DLR EHC EMN ENVA F FET FFBC FHB FII FIX FTI FTV GCAP GRUB HTA HTH IEX ILMN INT INTC JNPR KNL LMAT LOGM MAT MHK MOBL NOV NR OMCL PEB PFG PFPT PKI POWI PRO RSG SBCF SBUX SFLY SGEN SIVB SKYW SPSC SWN TMUS UHS VCRA VLRS VRSN VVI WERN  (finviz charts)

Friday (April 26) :

• Morning:  AAL ADM AIMC AIT ALV AN AON ARD AZN B BEN BLMN CIGI CL COG CVX GT GVA HELE HRC IMAX IMO IPG LEA LYB MOG.A PFS POR SBSI SNE SNY TREE TYPE VRTS VTR WBC WETF WY XOM ZBH
• Afternoon: 

What's in a name?: Weight Watchers (NASDAQ:WTW) begins trading under its new ticker symbol WW on April 22. The company has also rebranded its corporate identity to WW to fall in line with its transition to a global wellness company. Shares of Weight Watchers have been in a downward skid, down 51% YTD and 71% lower over the last 52 weeks.

Notable earnings reports: Halliburton (NYSE:HAL), Whirlpool (NYSE:WHR) on April 22; Twitter (NYSE:TWTR), Snap (NYSE:SNAP), eBay (NASDAQ:EBAY), Coca-Cola (KO), Verizon (VZ), Procter & Gamble (PG), Texas Instruments (NASDAQ:TXN) and United Technologies (UTX) on April 23; Tesla (TSLA), Facebook (NASDAQ:FB), Microsoft (MSFT), Visa (V), Caterpillar (CAT), AT&T (NYSE:T), Chipotle (NYSE:CMG), PayPal (NASDAQ:PYPL) and Boeing (BA) on April 24; Amazon (NASDAQ:AMZN), Intel (NASDAQ:INTC), Starbucks (NASDAQ:SBUX), Ford (NYSE:F), Comcast (NASDAQ:CMCSA), UPS (NYSE:UPS), AbbVie (NYSE:ABBV) and Altria (NYSE:M)) on April 25; Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Archer Daniels Midland (NYSE:ADM) and IMAX (NYSE:IMAX) on April 26.

Some implied moves for earnings this week (777 companies reporting):

$IRBT 12.9%
$AMZN 4.3%
$FB 6.0%
$TWTR 10.4%
$MSFT 3.6%
$TSLA 9.0%
$PYPL 5.6%
$V 3.1%
$CMG 7.7%
$ALGN 9.5%
$LRCX 6.6%
$XLNX 8.2%
$FFIV 5.9%
$ORLY 6.5%
$SAM 9.4%
$CTXS 6.3%
$MMM 3.5%
$ABBV 4.5%
$INTC 4.5%
$INTC 4.5%
$SBUX 4.1%
$GRUB 14.6%
$F 4.7%
$ILMN 6.0%
$GWW 6.7%
$WHR 7.2%
$LMT 3.3%
$HOG 6.4%
$SHW 4.3%
$SNAP 15.5%
$EBAY 5.7%
$EW 6.4%
$AMTD 3.6%
$SYK 6.2%
$BA 4.6%
$CAT 5.0%
$DPZ 8.7%
$BIIB 5.2%
$GD 3.7%
$SWK 5.6%
$ANTM 7.0%
$BSX 4.9%

=3M (MMM) reported earnings on Tue 23 Oct 2018 (b/o)

3M misses by $0.12, misses on revs; guides FY18 EPS below consensus Reports Q3 (Sep) earnings of $2.58 per share, $0.12 worse than the S&P Capital IQ Consensus of $2.70; revenues fell 0.2% year/year to $8.15 bln vs the $8.41 bln S&P Capital IQ Consensus. Co issues lowered guidance for FY18, sees EPS of $9.90-10.00 from $10.20-10.45, excluding non-recurring items, vs. $10.28 S&P Capital IQ Consensus.

Earnings this week : Oct 22 - 26, 18 (wk 43)

With 17% of the S&P 500 having reported quarterly results, reported earnings are up 22%; 81% have beat on the bottom line but only 51% have traded higher in response.

This week marks the first of three very heavy weeks of earnings reports -- almost 1/3 of the S&P 500 will report quarterly results.

Monday (October 22):

• Pre-Market: HAL, HAS, IQV, KMB, LII, PII
• After-Hours: ACC AMTD BRO CDNS CR ELS HLX HMST HNI HSTM HXL IBTX LOGI MC NBTB RNST SFNC SLM SPN SSB ZION

Tuesday (October 23):

• Pre-Market: ABG ALKS ARCH ASTE  ATI AVY AXE BIIB  CAT CIT CNC DGX EDU FBC FCB FITB FNB GATX GLW GPK HBAN HOG HUBB JBLU LMT LPT MBFI MCD MMM NEE PCAR  PHM PNR PPBI RF SLCA SNV TRU UTX VZ WAT XRX
• After-Hours:  AGR AMP BXMT CB CHFC CNI COF CSGP CSL EQR EW FCF FMBI HA HIW IEX ILMN IRBT JNPR LRN MANH MKSI NAVI NBHC NDLS NTB NWE RHI ROIC RRC SEIC SIX STL TER TRMK TSS TXN UCBI UMBF USNA VAR VMI WRB ZIXI

Wednesday (October 24):

• Pre-Market: AB ALXN APH AVX BA BABY BCO BKU BOKF BPOP BSX CHKP CRS DTE EVR FCX FSV GD GRA HLT IR ITW LAD LH MHO MKTX NDAQ NOC NSC NYCB OC PB POL QSR RES ROL SCHN SCL SIRI SLAB SLGN SMPL STM T TDY THR TMO TNC TPH TRVG TUP TZOO UMC UPS
• After-Hours:  ABX AEM AFL AGNC AHL AKR ALGN ALGT AMD ANIK ARI ASGN AX AXS AZPN CCMP CLB CLGX CLS CMRE CTXS CURO  CUZ CVBF CVRR DLB DRE ECHO EFX EIG ELY EQC ETH F FARO FFIV FNF FR FTI FWRD GG GGG GHL ICLR KN KRA KRC LJPC LM LSTR LVS MEOH MLNX MSA MSFT MTH NEU NGD NGVT NOW OII ORLY PKG PLXS PS PTC RJF SAVE SITC SNBR SRPT SUI TILE TMK TRN TSLA UNM V VRTX WHR WPG WRI WSBC XLNX  (largest:  Ford Motor (F), Microsoft (MSFT), Visa (V), Advanced Micro (AMD) and Tesla (TSLA) )

Thursday (October 25):

• Pre-Market: AAL AAN ABB AEP AIMC ALK ALLE ALLY ARD ASPS AXTA BANC BC BEN BMS BMY BUD BWA CCE CELG CFR CFX CMC CMCSA CME CMS COLB COP COR COWN CPG CRI CRR CSTM CTS DLX DNKN EIGI EME ENTG EQM EQT FAF FBP FCFS FCN GLOP GPI GRUB GWB HEES HSY IMAX IP IRDM IRM KIM KKR LANC LAZ LDOS LEA LECO LKQ LUV MCK MCRN MMC MMYT MNRO MO MRK MTRN NEM NLSN NOK NRZ NVCR NVT OAK OCN ODFL ORI PAG PATK PDS PRLB PTEN PX RCL RS RTN SAH SCG SHOP SHW SILC SJR SPG SPGI SWK SXC TAL TECK THRM TROW TSCO TWTR  UBS UBSI UNP USG VC VLO VLP VLY WM WNS WSO WST WWE XEL
• After-Hours:  ACTG AJG AKS AMZN AQ ARLO AUY AVT BGG BMRN BOOM BOOT BVN BYD CA CBLK CENX CERN CINF CLD CMG COLM CPT CUBE CUBI CVA CXP CY DECK DFS DLR DORM ELLI EMN ENVA EXPE FBHS FE FHB FII FIX FLEX FSLR FTV GCAP GDI GILD GOOG HIG HLI HTA HTH HUBG INT INTC INVA ISBC JEF KEX LEG LMAT LOGM LPLA LSCC MAT MERC MHK MMSI MPWR MSTR NATI NOV NR NTGR OFC OMCL OSIS PFG PFPT POWI PRO PSMT REG RGA RMD RSG SAM SBCF SGEN SIGI SIVB SNAP SPSC SWN SYK TMST UHS VCRA VLRS VRSN VVI WDC WRE

Friday (October 26):

• Pre-Market:  ALV AON B CHTR CL COG COL FELE GBX GRC GT GVA LPNT MCO PFS POR PSX PSXP R ROP SBSI SMP TEN TOT  VRTS VTR WETF WY ZBH

-=3M (MMM) reported earnings on Tue 24 Apr 2018 (b/o)

3M beats by $0.02, reports revs in-line; lowers FY18 EPS in-line 

• Reports Q1 (Mar) earnings of $2.50 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $2.48; revenues rose 7.7% year/year to $8.28 bln vs the $8.21 bln Capital IQ Consensus.
• Co lowers guidancefor FY18, sees EPS of $10.20-10.55 vs. $10.54 Capital IQ Consensus Estimate and versus a prior expectation of $10.20-10.70 per share.
• The company also updated its organic local-currency sales growth guidance to be in the range of +3-4%, versus a prior range of 3-5%.

=3M (MMM) reported earnings on Tue 25 July 2017 (b/o)

ST PAUL, Minn. (AP) _ 3M Co. (MMM) on Tuesday reported second-quarter earnings of $1.58 billion.

On a per-share basis, the St Paul, Minnesota-based company said it had net income of $2.58.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.59 per share.

The maker of Post-it notes, industrial coatings and ceramics posted revenue of $7.81 billion in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $7.88 billion.

3M expects full-year earnings to be $8.80 to $9.05 per share.

3M shares have risen 18 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 10 percent. The stock has climbed 16 percent in the last 12 months.

3M (MMM) reported earnings on Tue 25 Oct 2016 (b/o)

** charts after earnings **

 

3M beats by $0.01, reports revs in-line; guides FY16 EPS slightly below consensus  :

• Reports Q3 (Sep) earnings of $2.15 per share, $0.01 better than the Capital IQ Consensus of $2.14; revenues were unchanged from the year-ago period at $7.71 bln.
• Co issues downside guidance for FY16, sees EPS of $8.15-8.20 vs. $8.21 Capital IQ Consensus Estimate and vs prior guidance of $8.15-8.30.
• Operating margin of 24.7%, up 0.4 percentage points year-on-year.

3M (MMM) reported 4Q earnings on Tue 26 Jan 2016 (before open)

** charts before earnings **

 

** charts after earnings **

 

3M beats by $0.04, beats on revs; reaffirms FY16 EPS guidance:

• Reports Q4 (Dec) earnings of $1.66 per share (including $0.14 in restructuring charges), $0.04 better than the Capital IQ Consensus of $1.62; revenues fell 5.5% year/year to $7.3 bln vs the $7.21 bln Capital IQ Consensus. Organic local-currency sales declined 1.1% while acquisitions, net of divestitures, added 1.5% to sales. Foreign currency translation reduced sales by 5.8% year-on-year. Excluding restructuring, operating income was $1.6 billion in the quarter and operating margins were 22.1%, up 0.6%age points year-on-year.
  • Organic local-currency sales growth was 4.5% in Health Care and 2.7% in Consumer with declines of 1.8% in Industrial, 2.5% in Safety and Graphics, and 7.7% in Electronics and Energy.
  • On a geographic basis, organic local-currency sales growth was 1.1% in EMEA with declines of 0.4% in the U.S., 0.6% in Latin America/Canada and 2.7% in Asia Pacific.
• Co reaffirms guidance for FY16, sees EPS of $8.10-8.45 vs. $8.22 Capital IQ Consensus, with organic local-currency sales growth of 1 to 3%. 3M also expects free cash flow conversion to be in the range of 95 to 105%. 

MMM lowers FY15 guidance

** charts after guidance **

 

 

** charts before guidance **

 

MMM lowers FY15 guidance ahead of outlook conference call; issues FY16 guidance :

• Co issues downside guidance for FY15 (Dec), sees EPS of $7.55 vs. $7.65 Capital IQ Consensus Estimate, down from prior guidance range of $7.60-7.65. Now expects 2015 full-year organic growth of approximately 1%, versus prior guidance of 1.5-2%.
• Co issues guidance for FY16 (Dec), sees EPS of $8.10-8.45 vs. $8.42 Capital IQ Consensus Estimate. Sees organic local-currency sales growth of 1-3%.
• Co cites "the realities of a continued slow-growth global economy."