3M Co. (MMM) Reports May Sales of $2.2 Billion, Down 20%
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3M Reports Sales Information for Month of May 2020
June 15, 2020 6:30 AM EDTMay Summary:
Sales of $2.2 billion, down 20 percent year-on-year May sales negatively impacted by two fewer business days 20 days this year vs. 22 days last year or minus 9 percent year-on-year impactST. PAUL, Minn.--(BUSINESS WIRE)-- 3M (NYSE: MMM) today reported sales information for the month of May 2020.
Total sales for May declined 20 percent year-on-year to $2.2 billion. Organic local-currency sales (which includes organic volume impacts and selling price changes) declined 21 percent while acquisitions, net of divestitures, increased sales by 2 percent. Foreign currency translation reduced sales by 1 percent... More
