3M Updates 2015 Earnings Guidance To Include Acquisitions - Quick Facts

(RTTNews) - 3M Company (MMM) announced the company has updated its 2015 earnings guidance to include the estimated impacts from the recently closed acquisitions of Capital Safety and Polypore's Separations Media business. 3M now expects full-year 2015 GAAP earnings per share to be in the range of $7.73 to $7.93 compared to its previous guidance of $7.80 to $8.00. The $0.07 per share adjustment will largely be incurred in the company's third quarter.

Analysts polled by Thomson Reuters expect the company to report profit per share of $7.83 for 2015. Analysts' estimates typically exclude special items.

3M has completed its acquisition of the assets and liabilities associated with Polypore's Separations Media business from Polypore International Inc. for a purchase price of $1.0 billion. On a GAAP reported basis, 3M estimates the Polypore Separations Media acquisition to be $0.03 per share dilutive to 2015 earnings.

Polypore's Separations Media business will become part of the 3M Membranes business unit within 3M's Industrial Business Group.