3M recently reported third quarter sales of $7.9 billion, an increase of 5.6% compared to the same period last year. Operating income was $1.7 billion and operating income margins for the quarter were 22%. Third quarter net income was $1.2 billion.
In the Industrial sector, sales were $2.7 billion, up 8.6%. Organic local currency sales increased 6.2%, acquisitions (including Ceradyne) added 4.1% to sales, and foreign currency translation reduced sales by 1.7%.