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Posted April 24, 2018

3M sales up 7.7 percent

3M reported first-quarter sales were up 7.7 percent to $8.3 billion.


Organic local-currency sales increased 2.8 percent while acquisitions, net of divestitures, increased sales by 0.7 percent. Foreign currency translation increased sales by 4.2 percent year-on-year.

In the Industrial segment, sales of $3.1 billion were up 7.1 percent in U.S. dollars. Organic local-currency sales increased 2.2 percent, and foreign currency translation increased sales by 4.9 percent. Sales growth was led by abrasives, automotive and aerospace, and industrial adhesives and tapes; automotive aftermarket declined.

In the Safety and Graphics segment, sales of $1.8 billion were up 15.0 percent in U.S. dollars. Sales increased in all businesses, led by personal safety, commercial solutions, and roofing granules.

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