• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Subscribe

MassDevice

The Medical Device Business Journal — Medical Device News & Articles | MassDevice

  • Latest News
  • Technologies
    • Artificial Intelligence (AI)
    • Cardiovascular
    • Orthopedics
    • Neurological
    • Diabetes
    • Surgical Robotics
  • Business & Finance
    • Wall Street Beat
    • Earnings Reports
    • Funding Roundup
    • Mergers & Acquisitions
    • Initial Public Offering (IPO)
    • Legal News
    • Personnel Moves
    • Medtech 100 Stock Index
  • Regulatory & Compliance
    • Food & Drug Administration (FDA)
    • Recalls
    • 510(k)
    • Pre-Market Approval (PMA)
    • MDSAP
    • Clinical Trials
  • Special Content
    • Special Reports
    • In-Depth Coverage
    • DeviceTalks
  • Podcasts
    • MassDevice Fast Five
    • DeviceTalks Weekly
    • OEM Talks
      • AbbottTalks
      • Boston ScientificTalks
      • DeviceTalks AI
      • IntuitiveTalks
      • MedtechWOMEN Talks
      • MedtronicTalks
      • Neuro Innovation Talks
      • Ortho Innovation Talks
      • Structural Heart Talks
      • StrykerTalks
  • Resources
    • About MassDevice
    • DeviceTalks
    • Newsletter Signup
    • Leadership in Medtech
    • Manufacturers & Suppliers Search
    • MedTech100 Index
    • Videos
    • Webinars
    • Whitepapers
    • Voices
Home » Healthcare the lone Q2 bright spot for 3M

Healthcare the lone Q2 bright spot for 3M

July 25, 2019 By Brad Perriello

3M Cos.Shares in 3M Cos. (NYSE:MMM) took a hit today despite the industrial conglomerate’s Street-beating second-quarter results, with its healthcare business the only division to show growth.

The Twin Cities-based company posted profits of $1.13 billion, or $1.92 per share, on sales of $8.17 billion for the three months ended June 30, for a bottom-line slide of -39.3% on a sales decline of -2.6% compared with Q2 2018.

Adjusted to exclude one-time items, earnings per share were $2.20, a full 15¢ ahead of Wall Street, where analysts were looking for sales of $8.03 billion.

“I am encouraged by our company’s progress and performance in the second quarter,” chairman & CEO Mike Roman said in prepared remarks. “Our execution was strong in the face of continued slow growth conditions in key end markets, as we effectively managed costs and improved cash flow. Moving ahead we remain focused on continuing to drive operational improvements, investing for the future and delivering for our customers and shareholders.”

3M stood pat on its forecast for the rest of the year, saying it still expects to log adjusted EPS of $9.25 to $9.75, despite a 28¢-per-share charge incurred when it shut down operations in Venezuela, on sales growth of -1% to 2%.

MMM shares were off -0.9% to $177.87 each today in early afternoon activity.

Sales, operating profits rise for healthcare biz

3M’s healthcare business put up operating profit growth of 2.8%, to $483 million, on sales growth of 5.8% to $1.83 billion, the company said.

The sales growth was driven by its health information systems, medical solutions, food safety and oral care units, offset by a decline in its drug delivery segment, 3M said.

Filed Under: MassDevice Earnings Roundup, Wall Street Beat Tagged With: 3m

More recent news

  • RadNet closes iCAD acquisition, expands AI breast‑imaging portfolio
  • Hyperfine reports first commercial sales of next-gen AI-powered Swoop
  • Stereotaxis announces $12.5M offering
  • Nuwellis ends clinical trial of its ultrafiltration tech for heart failure
  • NanoVibronix enters into $50M financing agreement

Primary Sidebar

“md
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest med device regulatory, business and technology news.

DeviceTalks Weekly

See More >

MEDTECH 100 Stock INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
MDO ad

Footer

MASSDEVICE MEDICAL NETWORK

DeviceTalks
Drug Delivery Business News
Medical Design & Outsourcing
Medical Tubing + Extrusion
Drug Discovery & Development
Pharmaceutical Processing World
MedTech 100 Index
R&D World
Medical Design Sourcing

DeviceTalks Webinars, Podcasts, & Discussions

Attend our Monthly Webinars
Listen to our Weekly Podcasts
Join our DeviceTalks Tuesdays Discussion

MASSDEVICE

Subscribe to MassDevice E-Newsletter
Advertise with us
About
Contact us

Copyright © 2025 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Privacy Policy