November 15th, 2021

3M reported increased sales in all the company’s business segments. 3M recently reported its results for the third quarter of 2021, including a 7.1 percent increase in total sales (to $8.9 billion), compared to the 2020 third quarter. Organic local-currency sales increased 6.3 percent; foreign currency translation increased sales by 0.8 percent year on year.

Total sales grew 8.1 percent in the company’s Consumer segment, 7.2 percent in Safety and Industrial, 5.8 percent in Transportation and Electronics, and 4.1 percent in Health Care. Organic local-currency sales increased 7.6 percent in Consumer, 6.1 percent in Safety and Industrial, 5.1 percent in Transportation and Electronics, and 3.3 percent in Health Care.

“In the face of continued global challenges, the 3M team executed well and delivered broad-based organic growth, along with strong margins and cash flow,” said Mike Roman, chairman and CEO. “Overall, end-market demand remained strong, and we navigated supply chain disruptions by maintaining a relentless focus on serving and innovating for our customers. Moving ahead, we will continue to invest for the future by investing in strong demand areas aligned with global trends, while improving our operational performance, driving productivity and advancing sustainability.”

On a geographic basis, total sales grew 7.9 percent in the Americas, 6.8 percent in Asia Pacific, and 5.2 percent in EMEA (Europe, Middle East and Africa). Organic local-currency sales grew 7.4 percent in the Americas, 5.6 percent in Asia Pacific, and 4.2 percent in EMEA.

For more information, visit: www.3m.com.