Posted October 23, 2018

3M sales up 1.3 percent

3M reported third-quarter sales were $8.2 billion with organic local-currency sales up 1.3 percent while acquisitions, net of divestitures, increased sales by 0.2 percent.

Foreign currency translation decreased sales by 1.7 percent year-on-year.

Net income of $1.5 billion, or $2.58 per diluted share, compared to net income of $1.4 billion, or $2.39, in the same quarter last year.

In the Safety and Graphics segment, sales were $1.7 billion, up 7.0 percent in U.S. dollars. Sales grew in personal safety, transportation safety, and commercial solutions; roofing granules declined.

Industrial sales of $3.0 billion were flat in U.S. dollars. Sales growth was led by advanced materials, automotive and aerospace, and industrial adhesives and tapes; automotive aftermarket declined.