In 3M’s health care business, sales rose 1.6% to $1.1 billion. Sales in Latin America/Canada were up 11%, while Asia Pacific was up 9%. Sales were down slightly in the U.S. and Western Europe. Skin and wound care, health information systems, drug delivery and oral care had positive sales growth. Operating income was $326 million and operating margins were 29.8%.
In the industrial and transportation unit, sales rose 14.2%. Growth was led by renewable energy, energy and advanced materials, abrasives and auto.
3M reported continued rapid sales growth in Asia Pacific with 25% growth and double-digit sales growth in Europe and in Latin America/Canada. The company reported operating income improved 14% to $446 million. Operating margins were 20.2%.