St. Paul, MN-based 3M (NYSE: MMM) reported sales for the first quarter of $7.6 billion, a 2 percent increase from the same period a year earlier. Organic local-currency sales grew 2.1 percent. Profit increased 0.4 percent to $1.1 billion.
Organic local-currency sales growth was 4 percent in Health Care, 3.7 percent in Consumer, 2.9 percent in Industrial and 2.3 percent in Safety and Graphics. Electronics and Energy declined 2.2 percent year-over-year.
On a geographic basis, organic local-currency sales grew 7.3 percent in Latin America/Canada, 2.3 percent in the U.S. and 1.9 percent in Asia Pacific. EMEA (Europe, Middle East and Africa) declined 0.8 percent year-over-year.
