Industrials Earnings Recap: 3M, Caterpillar, Corning, Honeywell and Johnson Controls

3M, Honeywell and Johnson Controls reported low to mid-single digit growth in revenues. Corning reported double digit growth primarily due to the consolidation of Corning Precision Materials. Caterpillar continued to suffer due to weak mining equipment sales which tempered revenue growth. However, it showed a significant increase in net profits due to its cost cutting measures.