No global slowdown for 3M as sales grow 5.6% y/y

3m out with their Q3 earnings report.

  • EPS $1.78 vs $1.75 exp
  • Operating income $1.7bn with margins at 22%
  • Industrial segment ( aerospace autos, advance materials etc) saw rising sales across major geographies with double digit growth in Latin America and Canada
  • Electronics and energy saw growth across Asia Pacific, Lat Am/Canada nad EMEA (Europe, mid East, Africa) but declined in the US
  • Safety and graphics, health care and consumer also saw growth across all regions

3m covers a varied range of products and services across the globe and unlike Caterpillar the other day are seeing decent global growth

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