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3M Reports First-Quarter Financial Results of $8 Billion, Down Year-On-Year by 0.3%

3M’s first-quarter 2024 results are reported inclusive of the Health Care business segment, on the same basis on which 3M provided its first-quarter guidance. GAAP earnings per share were $1.67, down from $1.76 year-on-year. The GAAP operating income margin increased to 18.8%, from 15.4% Q1 2023. The adjusted operating income margin increased to 21.9% from […]

Henkel Reports Financial Results for Full Year 2023

Henkel Group sales reached €21,514 million in fiscal 2023, a nominal decrease of -3.9% compared to the prior year. Foreign exchange effects negatively impacted the sales development by -4.3%. At -3.9%, acquisitions/divestments had a negative impact on sales, which was mainly due to the divestment of the business activities in Russia. Organic sales growth was […]

PPG Reports Financial Results of Fourth Quarter and Full-Year 2023

PPG has released its financial results for the fourth quarter and full year of 2023. The company reported record sales in both the fourth quarter and all of 2023.  “Capping off a record year, the PPG team delivered solid year-over-year sales growth, strong adjusted earnings growth, and record operating cash flow. The breadth and diversity […]

Knowde Announces Record Financial Results for 2023

Knowde announced record financial results for 2023, driven by the launch of software solutions that enable chemical suppliers and distributors to deliver an improved customer experience on their own websites and continued marketplace growth. “Our goal is to transform the entire industry,” said Ali Amin-Javaheri, CEO of Knowde. “There has been a generational shift on […]

3M Releases Fourth Quarter and Full-Year 2023 Financial Results

3M reported fourth-quarter and full-year 2023 results and provided its 2024 financial outlook. A strong fourth-quarter reported $8.0 million in net sales, down only slightly year-on-year, but that small decrease was offset by an exceptional operating income margin. Full-year net sales were $32.7 billion, down $4.5% from the previous year. These results reflect strong operational […]

H.B. Fuller Reports its Financial Results of Fourth Quarter and Fiscal Year 2023

H.B. Fuller Co. reported its financial results for the fourth quarter and fiscal year that ended December 2, 2023. The company’s net revenue for the fourth quarter of 2023 was $903 million, down 5.8% year-on-year; net revenue was up 1.2% year-on-year on a 13-week comparable basis; organic revenue decreased 3.5% year-on-year, driven by slightly lower […]

Sika Releases Financial Results of 2023 — Record Sales of CHF 11.24 Billion

In a year of high inflation, rising interest rates, and sharp currency depreciations, Sika was able to achieve record sales, amounting to CHF 11.24 billion (USD 13 billion) in 2023, equating to a rise of 7.1% in CHF. Almost all currencies depreciated considerably against the Swiss franc, which led to a negative currency effect of […]

RPM Reports Fiscal 2024 Second-Quarter Results

RPM released its fiscal results for the second quarter of 2024. Record second-quarter net income was $145.5 million, record diluted EPS was $1.13, and record EBIT was $220.9 million. “For eight consecutive quarters, we have generated record sales and adjusted EBIT, and we are making good progress toward achieving our MAP 2025 profitability goals by […]

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