3M sales grew by 4.5 percent
3M reported third-quarter sales of $8.4 billion, up 4.5 percent year-on-year.
Net income of $1.4 billion, or $2.45 per share, declined from $1.6 billion, or $2.75 per share, in the same period last year.
Total sales grew 25.5 percent year-on-year in Health Care, 6.9 percent in Safety and Industrial, and 5.6 percent in Consumer, with a decline of 7.4 percent in Transportation and Electronics.
Safety and Industrial sales were $3.0 billion, reflecting an increase in personal safety, roofing granules, and automotive aftermarket; while sales declined in electrical markets, industrial adhesives and tapes, closure and masking systems, and abrasives.
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.
