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Replies to post #9580 on The Rising Influence of Rising Affluence
DewDiligence
01/27/15 3:15 PM
#9581 RE: DewDiligence #9580
United Technologies Corp. cut its 2015 sales and profit forecasts as the strengthening dollar takes a bite out of overseas sales of its jet engines, elevators and other heavy equipment. The company cut its 2015 sales expectations by $1.5 billion, to a range of $65 billion to $66 billion, and said its earnings would be hurt by foreign-exchange effects. “It really is one word, and that’s ‘currency,’ that we’re focused on,” Chief Executive Greg Hayes said in an interview.
01/28/15 11:47 AM
#9594 RE: DewDiligence #9580
02/23/15 9:58 AM
#9710 RE: DewDiligence #9580
3M announced today that it has entered into a definitive agreement with Polypore International Inc. to acquire the assets and liabilities associated with Polypore’s Separations Media business for a total purchase price of $1.0 billion. Polypore’s Separations Media business is a leading provider of microporous membranes and modules for filtration in the life sciences, industrial and specialty segments with trailing 12-month sales of $210 million as of Sept. 27, 2014.
04/23/15 4:12 PM
#10045 RE: DewDiligence #9580
…foreign currency impacts reduced first-quarter pre-tax earnings by approximately $90 million or the equivalent of $0.10 per share. For 2015 in total, 3M now expects foreign currency impacts to reduce earnings by $0.35 to $0.40 per share versus a prior expectation of negative $0.20 per share. In light of the stronger U.S. dollar, 3M updated its 2015 financial expectations. The company now expects earnings to be in the range of $7.80 to $8.10 per share versus $8.00 to $8.30 per share previously. Foreign currency translation is expected to reduce 2015 sales by 6 to 7 percent versus a previous expected reduction of 4 to 5 percent.