3M reports 3.5 percent sales gain
3M reported sales of $32.8 billion for 2018, up 3.5 percent from the previous year.
Net income of $5.4 billion, or $8.89 per diluted share, compared to $4.9 billion, or $7.93, in 2017.
In the fourth quarter, sales of $7.9 billion were down 0.6 percent year-on-year. Net income of $1.3 billion, or $2.27 per diluted share, compared to $523 million, or 85 cents, in the fourth quarter of 2017.
In the fourth quarter, total sales grew 2.4 percent in Health Care, 0.3 percent in Safety and Graphics, and 0.1 percent in Consumer. Total sales declined 0.3 percent in Industrial and 4.5 percent in Electronics and Energy.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
