3M Reports Fourth-Quarter and Full-Year 2020 Results; Provides Full-Year 2021 Guidance
Fourth-Quarter Highlights: - Both GAAP and adjusted EPS of $2.38 - Operating cash flow of $2.5 billion; adjusted free cash flow of $2.1 billion, up 16 percent Full-Year Highlights: - GAAP EPS of $9.25; adjusted EPS of $8.74 - Operating cash flow of $8.1 billion; adjusted free cash flow of $6.7 billion, up 18 percent - Reduced both total debt by $1.5 billion, or 7 percent, and net debt by $4.1 billion, or 23 percent - Returned $3.8 billion to shareholders via dividends and gross share repurchases 2021 Guidance: - Sales growth in the range of 5 to 8 percent, organic local-currency growth of 3 t...
Source: prnewswire.com