PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


3M Reports Strong Third Quarter

Friday, October 23, 2009

Comment | More

3M (St. Paul, MN), which includes coatings, respirators, and other materials for painting among its product lines, has announced strong third quarter results, with sales of $6.2 billion, a 5.6% decline from Q3 2008 but an 8.3% increase over Q2 2009. Net income was $971 million, down 2.8% year-on-year.

In the industrial and transportation segment, sales of $1.9 billion were down 6.4% year-on-year, although the company says that quarter-on-quarter trends are improving. Sequential sales improved by 10.1% and operating income by 22.7%, led by industrial adhesives and tapes and automotive OEM businesses.

The safety, security, and protection services segment saw sales of $864 million, down 2% compared to 2008. Operating income increased by 9.8%. According to the company, respirator manufacturing plants are running at full capacity, but difficult economic conditions continued to hurt sales of corrosion protection products.

The health care segment was up 4.7% year-on-year with sales of $1.1 billion. The consumer and office segment saw a decline of 4.8% compared to 2008, with sales of $923 million. The display and graphics segment was up 5.5% over last year with sales of $896 million. The electro and communications segment was down 15.3% year-on-year with sales of $617 million.

For more information, visit www.3m.com.

   

Tagged categories: 3M; Earnings reports; Finance

Comment Join the Conversation:

Sign in to our community to add your comments.

Barton International
Garnet Abrasives result in Shorter Blast Times

Get your customers back on line fast with Barton engineered garnet abrasives. 2 to 4 times harder and up to 2 times heavier than ordinary abrasives. Call 800-741-7756 or Email info@barton.com


Clemco Industries Corp.
Powerful Protection in a Small Package

Mounts inside blast helmet, alerts operator to dangerous breathing-air condition by audible, visual, and vibratory alarms. Easily calibrated, battery operated.


DRYCO
Environmental Controls
Equipment & Service

Temporary climate control equipment. Dehumidifiers,
Heaters, A/C, Power, More…
Toll Free: 866-379-2600


US Minerals
US Minerals -
Black Magnum

With nationwide production and distribution capabilities, U.S. Minerals supplies a complete range of coal slag and other abrasives to meet all of your blasting needs.


Carboline Company
Hyrdrocarbon Fire & Jet Fire Protection

Pyroclad X1 is the latest breakthrough in epoxy based intumescent fireproofing technology


Denso North America Inc.
Denso SeaShield
Marine Systems

A full range of steel, concrete and timber pile rehabilitation systems including petrolatum systems, fiberglass jackets, epoxy grouts and many other product lines.
Call 1-281-821-3355 or Visit densona.com


NLB Corporation
Handheld VertaJet™ for concrete or steel

Ergonomic VertaJet from NLB boosts surface prep productivity. See how rotating 40,000 psi water jets strip a 6” path and get into corners, with vacuum recovery.

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com