3M Co. (MMM) total sales for October increased 3%

3M (NYSE: MMM) today reported sales information for the month of October 2020.

Total sales for October increased 3 percent year-on-year to $2.9 billion. Organic local-currency sales (which includes organic volume impacts and selling price changes) increased 2 percent, and acquisitions, net of divestitures, added 1 percent while foreign currency translation was flat year-on-year.

Total sales increased 12 percent in Health Care, 7 percent in Consumer, and 4 percent in Safety and Industrial, while Transportation and Electronics declined 4 percent. Organic local-currency sales increased 8 percent in both Health Care and Consumer, and 4 percent in Safety and Industrial, while Transportation and Electronics declined 4 percent.

On a geographic basis, total sales increased 3 percent in Asia Pacific, and 2 percent in both EMEA (Europe, Middle East and Africa) and the Americas. Organic local-currency sales increased 2 percent in the Americas (including the U.S. up 3 percent), and 1 percent in both Asia Pacific (including China up 13 percent and Japan down 4 percent) and EMEA.

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