3M increases third-quarter sales

3M reports fiscal-third-quarter sales of US$8.9 billion, up 7.1 per cent year-on-year.

3M has reported fiscal-third-quarter sales of US$8.9 billion, up 7.1 per cent year-on-year.

Sales in the company’s health care division increased 4.1 per cent to $2.2 billion and its consumer division saw an 8.1 per cent lift in sales to $1.5 billion.

3M’s safety and industrial division reported sales of $3.2 billion, a bump of 7.2 per cent while sales in the company’s transportation and electronics division climbed 5.8 per cent to $2.5 billion.

On a geographic basis, total sales grew 7.9 per cent in the Americas, 6.8 per cent in Asia Pacific, and 5.2 per cent in EMEA (EuropeMiddle East and Africa).

Organic local-currency sales grew 7.4 per cent in the Americas, 5.6 per cent in Asia Pacific, and 4.2 per cent in EMEA.

“In the face of continued global challenges, the 3M team executed well and delivered broad-based organic growth, along with strong margins and cash flow,” said 3M chairman and CEO, Mike Roman.

“Overall, end-market demand remained strong, and we navigated supply chain disruptions by maintaining a relentless focus on serving and innovating for our customers.

“Moving ahead, we will continue to invest for the future by investing in strong demand areas aligned with global trends, while improving our operational performance, driving productivity and advancing sustainability,” said Roman.

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at info@incleanmag.co.nz

Sign up to INCLEAN NZ’s newsletter.


Leave a comment:

Your email address will not be published. All fields are required