3M Reports Sales Information for October 2020

3M reported sales information for the month of October 2020.

 

Total sales for October increased 3% year-on-year to $2.9 billion. Organic local-currency sales (which includes organic volume impacts and selling price changes) increased 2%, and acquisitions, net of divestitures, added 1% while foreign currency translation was flat year-on-year.

 

Total sales increased 12% in Health Care, 7 percent in Consumer, and 4% in Safety and Industrial, while Transportation and Electronics declined 4%. 

 

Organic local-currency sales increased 8% in both Health Care and Consumer, and 4% in Safety and Industrial, while Transportation and Electronics declined 4%.

 

On a geographic basis, total sales increased 3% in Asia Pacific, and 2% in both EMEA (Europe, Middle East and Africa) and the Americas. Organic local-currency sales increased 2% in the Americas (including the U.S. up 3%), and 1% in both Asia Pacific (including China up 13% and Japan down 4%) and EMEA.