3M‘s (MMM) performance has gradually improved as the company has benefited from several trends in the end markets. For example, during the previous quarter, 3M announced a 5.8% rise in profit primarily due to higher sales of water-filtration products and respiratory face masks in China and other major countries fearing pollution.
Segments are getting better
All the business groups of 3M are accepting rising investment in 2014 for ERP implementation and business transformation. 3M witnessed 5% organic growth in Safety and Graphics sales recording 1.5 billion during the quarter.
There was impressive growth in Traffics and in Commercial Solutions, Safety and Security systems. Safety and Graphics expanded organically in all key geographic regions followed by U.S. at 5% and EMEA at 7%.
The Electronics and Energy business segment also illustrated robust performance in second quarter. Sales increase by 6% organically to 1.4 billion. The business related to electronics registered 11% organic growth. There was solid growth in electronics materials and solutions as well as in both systems and display materials. The sales for energy-related businesses expanded 1% organically.
— Guru Focus