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You are here: Home / News / 3M Reports Second-Quarter Sales Down 12.2% Versus 2019

3M Reports Second-Quarter Sales Down 12.2% Versus 2019

July 28, 2020 By CollisionWeek Editor

3M (NYSE: MMM) today reported second-quarter 2020 results sales of $7.2 billion, down 12.2% compared to last year. Organic local-currency sales declined 13.1 percent, while acquisitions, net of divestitures, increased sales by 2.4 percent. Foreign currency translation reduced sales by 1.5 percent year-on-year.

3M logoThe company noted improving sales trends with July month-to-date sales up low-single digits year-on-year.

Total sales declined 0.4 percent in Health Care, 6.2 percent in Consumer, 9.2 percent in Safety and Industrial and 20.9 percent in Transportation and Electronics. Organic local-currency sales decreased 5.0 percent in Consumer, 6.1 percent in Safety and Industrial, 12.4 percent in Health

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Filed Under: News Tagged With: 3M, Earnings

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