3M’s sales declined by 2% compared to the 2018 third quarter, to $8 billion.
3M recently reported its results for the third quarter of 2019. Sales declined by 2% compared to the 2018 third quarter, to $8 billion. Organic local-currency sales declined 1.3% compared to the prior-year quarter.
“The 3M team delivered strong operational performance in the third quarter,” said Mike Roman, 3M chairman and CEO. “While the macroeconomic environment remains challenging, we executed well and built on the progress we made in the second quarter. We continued to effectively manage costs and reduce inventory levels, while generating strong margins and cash flow.