3M Posts Big Profits-Beats Wall Street Predictions

3M, Major tape manufacturer, reports profits 3M, one of the largest, if not the largest, tape manufacturer in the world reported solid profits for the fourth quarter of 2011.  They earned $1.08 billion ($1.49/share), up 16% from the same period in 2010.

3M is one of the manufacturers whose price increase letters we linked to in last week’s blog.  The letter, which announces price increases is dated March 31, the same day that saw the end of their very profitable first quarter.

You can read more about their profits here.

Here’s a link to 3M’s first quarter profit announcement.

Allabouttape.com is your source for information about the adhesive tape industry.  All the news about gaffers tape, safety tapes, duct tape, vinyl tapes and new developments in tape technology.  Share your comments and questions with us.


About the Author

Post a Reply