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3M Reports 2Q 2018 Results

Sales were $8.4 billion, up 7.4% year-on-year, with growth in all business groups and all geographic areas.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

3M reported second-quarter 2018 results. Sales were up 7.4% to $8.4 billion. Organic local-currency sales increased 5.6% while acquisitions, net of divestitures, increased sales by 0.8%. Foreign currency translation increased sales by 1% year-on-year.   Total sales grew 15.8% in Safety and Graphics, 6.8% in Industrial, 4.9% in Health Care, 4.6% in Consumer, and 3.6% in Electronics and Energy. Organic local-currency sales increased 8.5% in Safety and Graphics, 5.7% in Industrial, 5.2% in Electr...

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