Earnings release
Page 1
April 27 , 2021 3M Science . Applied to Life . ™ 3M Reports First - Quarter 2021 Results First - Quarter Highlights : - Sales of $ 8.9 billion , up 9.6 percent year - on - year - Organic local - currency sales increased 8.0 percent year - on - year - Both GAAP and adjusted EPS of $ 2.77 - Operating cash flow of $ 1.7 billion ; adjusted free cash flow of $ 1.4 billion , up 49 percent year - on - year - Returned $ 1.1 billion to shareholders via dividends and gross share repurchases - Leading in sustainability : introduced new carbon , water and plastics goals ST . PAUL , Minn . , April 27 , 2021 / PRNewswire / -- 3M ( NYSE : MMM ) today reported first- quarter 2021 results . " The first quarter was highlighted by broad - based organic growth , robust cash flow and a double - digit increase in earnings per share , " said Mike Roman , 3M chairman and chief executive officer . " Our four industry - leading businesses are delivering strong results , while we accelerate 3M's digital transformation and sustainability efforts with significant new goals to improve air and water quality . While uncertainty related to COVID - 19 remains , we will stay focused on driving growth , building on favorable market trends , improving operational performance and delivering for customers and shareholders . " First - Quarter Results Sales grew 9.6 percent year - on - year to $ 8.9 billion . Organic local - currency sales increased 8.0 percent while divestitures decreased sales by 1.4 percent . Foreign currency translation increased sales by 3.0 percent year - on - year . Total sales grew 13.7 percent in Safety and Industrial , 13.1 percent in Transportation and Electronics , 9.8 percent in Consumer , and 6.8 percent in Health Care . Organic local- currency sales increased 10.3 percent in Safety and Industrial , 9.8 percent in Transportation and Electronics , 9.3 percent in Health Care , and 7.8 percent in Consumer . On a geographic basis , total sales grew 18.1 percent in Asia Pacific , 10.4 percent in EMEA ( Europe , Middle East and Africa ) , and 4.5 percent in the Americas . Organic local - currency sales grew 12.8 percent in Asia Pacific , 6.3 percent in the Americas , and 5.5 percent in