3M Co. (MMM) says total sales for April declined 11 percent
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3M Reports Sales Information for Month of April 2020
May 14, 2020 6:30 AM EDTST. PAUL, Minn.--(BUSINESS WIRE)-- 3M (NYSE: MMM) today reported sales information for the month of April 2020. The company withdrew its full-year 2020 outlook on April 28, 2020, due to the uncertain impact of the COVID-19 pandemic, and committed to provide monthly updates until it is better able to forecast future performance.
Total sales for April declined 11 percent year-on-year to $2.3 billion. Organic local-currency sales (which includes organic volume impacts and selling price changes) declined 12 percent while acquisitions, net of divestitures, increased sales by 3 percent. Foreign currency translation reduced sales by 2 percent year-on-year.
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