business / news / / CP24 Toronto
The Post-it maker has been cutting expenses, hiking prices and rolling out new products and customer service initiatives.
3M's adjusted operating margin rose to 23.8 percent, up 30 basis points year-over-year.
KEY POINTS
- Safety and industrial segment sales grew 3.2 percent, while consumer segment sales increased 1.3 percent.
- First-quarter adjusted profit was $2.14 per share, beating analysts’ expectation of $1.99 per share.
- 3M's annual profit forecast includes a 5 to 15 cent per share impact from oil and macro uncertainty.
COMPANIES
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