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3M Announces Fourth-Quarter Results; Company Posts Record Sales and Earnings per Share for Both Fourth Quarter and Full Year

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ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today reported fourth-quarter earnings of $1.81 per share, an increase of 11.7 percent versus the fourth quarter of 2013. Sales grew 2.0 percent year-on-year to $7.7 billion. Organic local-currency sales grew 6.3 percent with acquisitions adding 0.1 percent to sales. Foreign currency translation reduced sales by 4.4 percent year-on-year. Operating income was $1.7 billion and operating income margins for the quarter were 21.5 percent. Fourth-quarte

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