3M Sees Record Sales in First Quarter
3M recently reported first quarter sales of $7.6 billion, an increase of 2% year-on-year and an all-time first quarter record. Operating income was $1.6 billion and operating income margins for the quarter were 21.6%. First quarter net income was $1.1 billion.
“We achieved record first quarter sales and solid operating margins in the face of a low-growth economic environment and the strong U.S. dollar,” said Inge G. Thulin, chairman, president and CEO. “At the same time, we further strengthened the company through increased investments in innovation, commercialization and manufacturing.”
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