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Home » Health Care Sales Surge for 3M in 2020 Third Quarter
Health Care Sales Surge for 3M in 2020 Third Quarter
In the third quarter of 2020, 3M’s total sales grew 25.5% in Health Care, 6.9% in Safety and Industrial, and 5.6% in Consumer; the Transportation and Electronics segment saw sales decline by 7.4%.
3M recently reported that its sales grew 4.5% in the 2020 third quarter compared to the 2019 quarter, to $8.4 billion. Organic local-currency sales grew 0.9%, while acquisitions (net of divestitures) increased sales by 3%. Foreign currency translation increased sales by 0.6% year-on-year.
Compared to the 2019 third quarter, total sales grew 25.5% in Health Care, 6.9% in Safety and Industrial, and 5.6% in Consumer. Transportation and Electronics saw sales decline by 7.4%. Organic local-currency sales increased 8.1% year-on-year in Health Care, 6.9% in Safety and Industrial, and 5.5% in Consumer while declining 7.1% in Transportation and Electronics.