3M’s October Sales Grow 3% - Modern Distribution Management

Log In

3M’s October Sales Grow 3%

3M reports that sales increased 2% in the Americas and EMEA (Europe, Middle East and Africa) last month as the company continued its post-pandemic momentum.
An expert says lawsuits filed by veterans who blame hearing issues on defective earplugs could bankrupt the company, but 3M calls the interpretation ‘flawed speculation,’ according to Bloomberg.
Author
Date

3M (NYSE: MMM), St. Paul, Minnesota, reported total sales for October increased 3% year-over-year to $2.9 billion. Organic local-currency sales (which includes organic volume impacts and selling price changes) increased 2% while acquisitions, net of divestitures, added 1% and foreign currency translation was flat year-on-year.

Total sales increased 12% in Health Care, 4% in Safety and Industrial, and 7% in Consumer, while Transportation and Electronics declined 4%. Organic local-currency sales increased 8% in Health Care, 4% in Safety and Industrial, and 8% in Consumer, while Transportation and Electronics declined 4%.

On a geographic basis, total sales increased 3% in Asia Pacific and 2% in both EMEA (Europe, Middle East and Africa) and the Americas. Organic local-currency sales increased 2% in the Americas (including the U.S. up 3%), and 1% in both Asia Pacific (including China up 13% and Japan down 4%) and EMEA.

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.