Posted January 25, 2018

3M sales up 5.1 percent for the year

3M announced that its 2017 sales were up 5.1 percent to $31.7 billion.

Net income of $4.9 billion for the year, or $7.93 per diluted share, compared to net income of $5.0 million, or $8.16 per share, last year.

Fourth-quarter sales were up 9.0 percent to $8.0 billion.

In the Industrial segment, sales of $2.7 billion were up 6.9 percent in U.S. dollars. Sales grew in abrasives, automotive and aerospace solutions, industrial adhesives and tapes, automotive aftermarket, and separation and purification; sales declined in advanced materials.

Sales in the Safety and Graphics segment grew by 15 percent to $1.5 billion. Sales increased in all businesses, led by personal safety, roofing granules, and transportation safety.