Posted July 28, 2020

3M sales decline 12.2 percent

3M said its second-quarter sales of $7.2 billion were down 12.2 percent year-on-year from $8.2 billion.

Net income of $1.29 billion, or $2.22 per diluted share, improved from $1.12 billion, or $1.92, in the same period last year.

Safety & Industrial segment sales of $2.7 billion were down 9.2 percent in U.S. dollars. Sales increased in personal safety but declined in closure and masking, electrical markets, roofing granules, industrial adhesives and tapes, abrasives, and automotive aftermarket.