On July 18, 3M (NYSE:MMM) posted results for the second quarter, which ended March 31, 2005.
- Excluding a $75 million charge because of 3M's plan to repatriate about $1.7 billion in foreign profits, 3M earned $851 million, or $1.09 per share, meeting the average analyst estimate.
(Figures in millions, except per-share data)
Income Statement Highlights (What's this?)
|
Avg. Est. |
Q2 2005 |
Q2 2004 |
% Change | |
|---|---|---|---|---|
|
Sales |
$5,300 |
$5,294 |
$5,012 |
+5.6% |
|
Net Profit |
-- |
$776 |
$773 |
+0.4% |
|
EPS |
$1.09 |
$1.00 |
$0.97 |
+3.1% |
Balance Sheet Highlights (What's this?)
|
Assets |
Q2 2005 |
Q2 2004 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$1,765 |
$2,314 |
-23.7% |
|
Inventory |
$2,020 |
$1,940 |
+4.1% |
|
Accounts Rec. |
$2,951 |
$2,913 |
+1.3% |
|
Liabilities | |||
|---|---|---|---|
|
Long-Term Debt |
$706 |
$1,303 |
-45.8% |
|
Accounts Pay. |
$1,201 |
$1,108 |
+8.4% |
Margin Checkup (What's this?)
|
Q2 2005 |
Q2 2004 |
Change | |
|---|---|---|---|
|
Gross Margin |
51.00% |
51.08% |
-0.08% |
|
Op. Margin |
24.23% |
23.66% |
+0.57% |
|
Net Margin |
14.66% |
15.42% |
-0.76% |
Cash Flow Highlights (What's this?)
|
Q2 2005 |
Q2 2004 |
% Change | |
|---|---|---|---|
|
Cash From Ops |
$2,171 |
$2,237 |
-3.0% |
|
Capital Expend. |
$452 |
$464 |
-2.6% |
|
Free Cash Flow |
$1,719 |
$1,773 |
-3.0% |
Related Companies:
- Avery Dennison (NYSE:AVY)
- General Electric (NYSE:GE)
- Honeywell (NYSE:HON)
- Johnson & Johnson (NYSE:JNJ)
- Tyco International (NYSE:TYC)
- United Technologies (NYSE:UTX)
For related Foolishness:
- 3M has a global focus.
- Fool writer Seth Jayson likes 3M.
- Is 3M "Mmm, mmm, good"?
- 3M's got three challenges.
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At the time of publication, Nick Baker didn't have a financial position in any company mentioned. The Motley Fool has a disclosure policy.
