3M Experiences Revenue Info for Thirty day period of November 2020 | Information

ST. PAUL, Minn., Dec. 14, 2020 /PRNewswire/ — 3M (NYSE: MMM) right now claimed revenue facts for the thirty day period of November 2020.

Whole product sales for November elevated 8 p.c yr-on-12 months to $2.9 billion. Natural and organic regional-forex revenue (which consist of organic and natural volume impacts and advertising selling price modifications) increased 7 p.c, when divestitures diminished gross sales by 1 percent. Overseas currency translation amplified revenue by 2 percent yr-on-12 months.

Overall product sales enhanced 16 p.c in both equally Security and Industrial, and Client, even though Health and fitness Care grew 5 p.c, and Transportation and Electronics greater 3 p.c. Organic area-forex revenue greater 15 % in Consumer, 14 per cent in Safety and Industrial, 7 per cent in Health Care, and 1 percent in Transportation and Electronics.

On a geographic basis, overall profits improved 10 percent in EMEA (Europe, Middle East and Africa), 9 % in the Americas, and 5 % in Asia Pacific. Natural area-forex product sales increased 11 p.c in the Americas (the U.S. increased 13 p.c), 7 % in EMEA, and were flat in Asia Pacific (China amplified 13 per cent, and Japan reduced 5 p.c).

By November, 3M has sent fourth-quarter to-date overall product sales of $5.7 billion. Despite the fact that considerable macroeconomic uncertainty remains, with a person month still left in the quarter the business estimates its income to be in the assortment of $8.2 to $8.4 billion for the fourth quarter.

Forward-Wanting Statements
This information release includes ahead-searching information about 3M’s financial benefits and estimates and business potential customers that entail substantial challenges and uncertainties. You can detect these statements by the use of text this kind of as “anticipate,” “estimate,” “count on,” “aim,” “task,” “intend,” “plan,” “feel,” “will,” “must,” “could,” “goal,” “forecast” and other terms and phrases of very similar this means in link with any dialogue of upcoming functioning or economical efficiency or small business designs or prospective clients. Between the aspects that could cause precise success to differ materially are the next: (1) throughout the world financial, political, regulatory, international trade and other external circumstances and other aspects beyond the Company’s regulate, which includes purely natural and other disasters or weather change affecting the operations of the Company or its shoppers and suppliers (2) challenges related to public overall health crises these as the international pandemic affiliated with the coronavirus (COVID-19) (3) international currency exchange fees and fluctuations in individuals charges (4) liabilities relevant to particular fluorochemicals, together with lawsuits concerning a variety of PFAS-relevant goods and chemistries, and promises and governmental regulatory proceedings and inquiries related to PFAS in a wide variety of jurisdictions (5) legal and regulatory proceedings and lawful compliance hazards involving the Enterprise and/or third functions, including considerable developments that could occur in the authorized and regulatory proceedings explained in the Company’s Annual Report on Sort 10-K for the year ended Dec. 31, 2019, and any subsequent quarterly reports on Kind 10-Q (the “Studies”) (6) aggressive disorders and consumer choices (7) the timing and marketplace acceptance of new solution choices (8) materials vulnerability and the availability and value of ordered parts, compounds, uncooked resources and power (which include oil and all-natural fuel and their derivatives) owing to shortages, enhanced desire or supply interruptions, production internet site disruptions (which includes individuals caused by natural and other disasters and other events) (9) difficulties or delays with the phased implementation of a worldwide company resource preparing (ERP) technique, or security breaches and other disruptions to the Firm’s information know-how infrastructure (10) the impact of acquisitions, strategic alliances, divestitures and other strange activities ensuing from portfolio administration actions and other evolving business enterprise tactics, and possible organizational restructuring (11) operational execution, like scenarios exactly where the Firm generates much less efficiency improvements than estimated (12) economic marketplace risks that could affect the Company’s funding obligations under described benefit pension and postretirement options and (13) the Company’s credit history scores and its value of funds. Changes in this kind of assumptions or factors could create significantly distinct benefits. A more description of these aspects is located in the Stories beneath “Cautionary Observe About Factors That May well Have an affect on Foreseeable future Results” and “Threat Variables” in Aspect I, Products 1 and 1A (Once-a-year Report) and in Element I, Item 2 and Portion II, Item 1A (Quarterly Experiences), as up to date by applicable Current Reports on Sort 8-K. The information and facts contained in this information launch is as of the day indicated. The Company assumes no obligation to update any forward-looking statements contained in this information release as a consequence of new details or potential activities or developments.

About 3M 
At 3M, we use science in collaborative techniques to increase lives each day as our workers hook up with prospects all all over the world. Find out extra about 3M’s imaginative options to world-wide issues at www.3M.com or on Twitter @3M or @3MNews.

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3M
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