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3M Reports Third Quarter 2018 Results

Sales were $8.2 billion, down 0.2% year-on-year, with operating cash flow of $2.1 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

3M reported third-quarter 2018 results. Third-quarter sales were $8.2 billion with organic local-currency sales up 1.3% while acquisitions, net of divestitures, increased sales by 0.2%. Foreign currency translation decreased sales by 1.7% year-on-year.   Total sales grew 7.0% in Safety and Graphics; Industrial was flat; sales declined 2.8% in Health Care, 3.4% in Consumer and 4.8% in Electronics and Energy. Organic local-currency sales increased 2.3% in Electronics and Energy, 2.2% in Industrial...

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