3M’s November Sales Grow 8% - Modern Distribution Management

Log In

3M’s November Sales Grow 8%

3M reports that sales increased 9% in the Americas and 10% in EMEA (Europe, Middle East and Africa) last month as the company continued its post-pandemic momentum.
3M
Author
Date

3M (NYSE: MMM), St. Paul, Minnesota, reported total sales for November increased 8% year-over-year to $2.9 billion. Organic local-currency sales (which includes organic volume impacts and selling price changes) increased 7% while divestitures decreased sales by 1%. Foreign currency translation increased sales by 2% year-over-year.

Total sales increased 16% in both safety and industrial, and consumer, while health care grew 5%, and transportation and electronics increased 3%. Organic local-currency sales increased 15% in consumer, 14% in safety and industrial, 7% in health care, and 1% in transportation and electronics.

On a geographic basis, total sales increased 10% in EMEA (Europe, Middle East and Africa), 9% in the Americas, and 5% in Asia Pacific. Organic local-currency sales increased 11% in the Americas (the U.S. increased 13%), 7% in EMEA and were flat in Asia Pacific (China increased 13%, and Japan decreased 5%).

Through November, 3M has delivered fourth-quarter to-date total sales of $5.7 billion. Although significant macroeconomic uncertainty remains, with one month left in the quarter the company estimates its sales to be in the range of $8.2 to $8.4 billion for the fourth quarter.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.