3M Posts Record Sales in Fourth Quarter, Full Year
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For 2014 totals, earnings were $7.49 per share, an increase of 11.5 percent. Sales increased 3.1 percent to a record $31.8 billion with organic local-currency growth of 4.9 percent. Operating income margins were 22.4 percent, up less than 1 percent versus 2013. 3M converted 104 percent of net income to free cash flow and generated 22 percent return on invested capital. 3M paid $2.2 billion in cash dividends to shareholders and repurchased $5.7 billion of its own shares.
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