Summary
This 8-K/A filing from 3M Company serves as an amendment to a previous 8-K filed on the same day, October 21, 2008. The primary purpose of this amendment is to correct a typographical error in the previously issued press release concerning the company's third-quarter 2008 financial results. Specifically, the amendment corrects a misstatement regarding net income, changing the reported figure from "billion" to "million" for clarity. This correction is crucial for investors as it accurately reflects the company's profitability for the third quarter ended September 30, 2008. The revised net income is $999 million, or $1.42 per share, which, when compared to the adjusted net income of $940 million, or $1.29 per share, in the third quarter of 2007, provides a more precise understanding of the company's performance and trend in earnings.
Key Highlights
- 1Amendment to a previously filed 8-K report on October 21, 2008.
- 2Correction of a typographical error in the press release regarding Q3 2008 financial results.
- 3The error was in the reporting of net income, specifically the unit of measurement.
- 4Corrected net income for the third quarter ended September 30, 2008, is $999 million.
- 5The previous report incorrectly stated net income in billions instead of millions.
- 6This correction impacts the understanding of 3M's profitability for the period.