3M recently reported fourth-quarter and full-year 2017 results conveying that fourth-quarter sales were up 9% to $8 billion. Organic local-currency sales reportedly increased 6% while acquisitions, net of divestitures, increased sales by 0.3%.
Total sales grew 15% in safety and graphics, 12.5% in electronics and energy, 7.3% in consumer, 6.9% in industrial, and 6% in health care. Sales increased 5.1% to $31.7 billion and organic local-currency sales increased 5.2%. The combination of acquisitions and divestitures decreased sales 0.6%. Foreign currency translation increased sales 0.5%, and full-year operating income margins were 24.7%, up 70 basis points vs. 2016.
Top 5 News that Sticks for February 4-10
4. BASF and Sirrus to Develop New Automotive Coatings (#2 last week)