Industry News

3M Reports Third Quarter 2019 Results

Sales were $8 billion, down 2% year-on-year, with free cash flow of $1.7 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

3M reported third-quarter 2019 results. Sales declined 2.0% year-on-year to $8.0 billion. Organic local-currency sales declined 1.3% while acquisitions, net of divestitures, increased sales by 0.6%. Foreign currency translation reduced sales by 1.3% year-on-year. Total sales grew 4.7% in Health Care and 1.7% in Consumer, with declines of 4.4% in Transportation and Electronics and 5.7% in Safety and Industrial. Organic local-currency sales increased 2.6% in Consumer and 2.0% in Health Care, wi...

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