3M (NYSE: MMM) today reported third-quarter earnings of $2.15 per share, an increase of 4.9 percent versus the third quarter of 2015. Sales were $7.7 billion, flat year-on-year in dollar terms. Organic local-currency sales decreased 0.8 percent while acquisitions, net of divestitures, added 0.3 percent to sales. Foreign currency translation increased sales by 0.5 percent year-on-year. Operating income was $1.9 billion and operating income margins for the quarter were 24.7 percent, up 0.4 percentage points year-on-year. Third-quarter net income was $1.3 billion. The company’s operating cash flow was $1.9 billion, contributing to conversion of 117 percent of net income to free cash flow, as referenced in the “Supplemental Financial Information Non-GAAP Measures” section.
Catalyst Paper is proud to announce the new and improved Rumford Offset, an uncoated freesheet paper produced at its Rumford mill in Maine, USA.
“Catalyst’s Rumford Offset is an effective choice in an uncoated freesheet paper and represents a competitive alternative to other uncoated freesheet paper in the marketplace,” says Matt Stapleton, Vice President, Printing & Writing and Publication Papers. “Inventory of Rumford Offset will be available immediately at our Tighe warehouse location. Customers can now benefit by being able to build truckloads of both coated and uncoated products. This has the potential to help them maintain lower total inventory.”
As one of the most diverse paper manufactures in North America, Catalyst is proud that Rumford Offset now offers:
• Enhanced 92 brightness, new and improved product performance
• Ability to build full truck loads with coated inventory
• Designed to work well in both heat-set and cold-set printing applications
• Available certified chain-of-custody under FSC©, SFI® and PEFCTM
The successful re-launch of Rumford Offset follows the launch of our specialty products including Glide™ Graphics release liner paper, the Leap™ family of lightweight flexible packaging papers and the Bistro™ line of food service papers.