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3M Reports Sales Information for October 2020

Total sales for October increased 3% year-on-year to $2.9 billion.

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By: Anthony Locicero

Copy editor, New York Post

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.

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