3M recently reported its results for the third quarter of 2021, including a 7.1% increase in total sales (to $8.9 billion), compared to the 2020 third quarter. Organic local-currency sales increased 6.3%; foreign currency translation increased sales by 0.8% year-on-year.
Total sales grew 8.1% in the company’s Consumer segment, 7.2% in Safety and Industrial, 5.8% in Transportation and Electronics, and 4.1% in Health Care. Organic local-currency sales increased 7.6% in Consumer, 6.1% in Safety and Industrial, 5.1% in Transportation and Electronics, and 3.3% in Health Care.
“In the face of continued global challenges, the 3M team executed well and delivered broad-based organic growth, along with strong margins and cash flow,” said Mike Roman, chairman and CEO. “Overall, end-market demand remained strong, and we navigated supply chain disruptions by maintaining a relentless focus on serving and innovating for our customers. Moving ahead, we will continue to invest for the future by investing in strong demand areas aligned with global trends, while improving our operational performance, driving productivity and advancing sustainability.”
On a geographic basis, total sales grew 7.9% in the Americas, 6.8% in Asia Pacific, and 5.2% in EMEA (Europe, Middle East and Africa). Organic local-currency sales grew 7.4% in the Americas, 5.6% in Asia Pacific, and 4.2% in EMEA.
Additional details about 3M are available at www.3m.com.