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.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
