3M Reports Third Quarter 2023 Results
3M is raising its full-year 2023 adjusted EPS and adjusted free cash flow conversion expectations due to strong operational execution. Adjusted EPS is expected to be between $8.95 and $9.15, while adjusted operating cash flow is expected to be between $6.5 and $6.9 billion, contributing to 100% adjusted free cash flow conversion.
To read the full article, visit the 3M Website.
Xerox Delivers Growth in Profitability and Cash Flow
Revenue decreased by 5.7% to $1.65 billion, while GAAP net income increased by $49 million to $432 million. Adjusted net income increased by $77 million to $44 million, and adjusted operating margin increased by 4.1%. Reinvention is expected to improve adjusted operating income.
To read the full article, visit the Xerox Website.
Kimberly-Clark Announces Third Quarter 2023 Results
The company reported a 2% increase in net sales and a 5% organic sales growth, with a 35.8% gross margin. The company’s earnings per share increased by 24% and adjusted earnings per share by 24% in 2023.
To read the full article, visit the Kimberly-Clark Website.
Amazon Asks Court to Dismiss FTC’s ‘Dark Patterns’ Claims
Amazon has filed a motion to dismiss a Federal Trade Commission (FTC) lawsuit alleging deceptive practices in its Prime membership enrolment, auto-renewal, and cancellation processes. The company argues that its processes comply with existing laws and regulations and the FTC’s best practices recommendations. Amazon downplayed the allegations by comparing its Prime sign-up, renewal, and cancellation processes to traditional marketing, and criticized the FTC’s reliance on “dark patterns” and internal discussions about potential changes to the sign-up process.
To read the full article, visit the Retail Dive Website.
