The 2020 Mid-Year Economic Update_long

3M’s Sales Up 2.7% in 1Q

Safety and Industrial group sales of $2.9 billion were down 1% in U.S. dollars.
3M corporate headquarters building

3M (NYSE: MMM), St. Paul, Minnesota, reported first-quarter sales of $8.1 billion, a 2.7% increase compared to the first quarter of 2019. Profit was $1.3 million, a 45% increase compared to the prior year.

Safety and Industrial group sales of $2.9 billion were down 1% in U.S. dollars. Organic local-currency sales increased 2.2%.

Transportation and Electronics sales of $2.2 billion were down 5%. Organic local-currency sales decreased 3%.

Health Care sales of $2.1 billion were up 21%. Organic local-currency sales increased 1.2%.

Consumer sales of $1.3 billion were up 4.6% in U.S. dollars. Organic local-currency sales increased 6.1%.

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