3M Sales Up 6% in 3Q17 - Modern Distribution Management

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3M Sales Up 6% in 3Q17

Year-to-date, sales were $23.6 billion, up 3.9 percent from the prior year.

3M (NYSE: MMM), St. Paul, Minn., reported third-quarter 2017 sales of $8.2 billion, up 6 percent year-over-year. Organic local-currency sales were up 6.6 percent.

Profit was $1.4 billion, up 7.5 percent.

Total sales grew 13.1 percent in Electronics and Energy, 7.7 percent in Health Care, 6.2 percent in Industrial, 2.2 percent in Consumer, and 1.9 percent in Safety and Graphics. Organic local-currency sales increased 13.2 percent in Electronics and Energy, 6.9 percent in Health Care, 6.1 percent in Industrial, 6 percent in Safety and Graphics, and 1.9 percent in Consumer.

On a geographic basis, total sales grew 10.8 percent in Asia Pacific, 7.4 percent in EMEA (Europe, Middle East and Africa), 5.6 percent in Latin America/Canada, and 2 percent in the U.S. Organic local-currency sales increased 12.8 percent in Asia Pacific, 5.3 percent in Latin America/Canada, 4 percent in EMEA, and 3.6 percent in the U.S.

Year-to-date, sales were $23.6 billion, up 3.9 percent from the prior year. 

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