3M recently reported that its first quarter sales grew 2.6% year-on-year to $7.8 billion, compared to $7.6 billion in the same period last year. Operating income for the quarter was $1.7 billion, operating income margins were 21.9% and net income was $1.2 billion.
Organic local currency sales growth was 6.2% in Health Care, 4.9% in Industrial, 4.6% in Safety and Graphics, 4.1% in Electronics and Energy, and 2.6% in Consumer. On a geographic basis, organic local currency sales grew 6.9% in Asia-Pacific, 6.8% in Latin America/Canada, 3.7% in EMEA (Europe, Middle East and Africa) and 2.6% in the U.S.