3M sales edge up in Q4

ST. PAUL, Minn. — 3M’s sales for the final quarter of 2016 rose 0.4% to $7.3 billion, while total sales for the year were $30.1 billion. Operating income was $1.7 billion and operating income margins for the quarter were 22.7%. In total, net income for the quarter amounted to $1.2 billion. Total sales for the year dipped by 0.5% but acquisitions, net of divestitures, increased sales 0.8%, leading to a 7.7% increase year over year in earnings to $8.16 per share.