reported sales information for the month of August 2020.
Total sales for August increased 2% year-on-year to $2.7 billion.
Organic local-currency sales (which includes organic volume impacts and selling price changes) declined 2% while acquisitions, net of divestitures, and foreign currency translation increased sales year-on-year by 3% and 1%, respectively.
Total sales increased 23% in Health Care, 6% in Safety and Industrial, and 3% in Consumer, while Transportation and Electronics declined 11%.
Organic local-currency sales increased 6% in Health Care, 5% in Safety and Industrial, and 2% in Consumer, while Transportation and Electronics declined 11%.
On a geographic basis, total sales increased 7% in EMEA (Europe, Middle East and Africa), and 4% in the Americas, while Asia Pacific declined 2%.
Organic local-currency sales were flat in both the Americas (including the U.S. up 1%) and EMEA, while Asia Pacific declined 5% (including China up 6% and Japan down 15%).
Sales for August 2020 were impacted by one fewer business day – 21 days this year versus 22 days last year – or -5% year-on-year.
Because the company will have one additional business day in September 2020 versus September 2019, there will be no year-on-year business day impact on the third-quarter 2020.
While significant global economic uncertainty remains due to the COVID-19 pandemic, the company estimates, with one month left in the quarter, its sales to be in the range of $8.2 to $8.3 billion for the third-quarter.
Given the current economic uncertainty, 3M will continue its monthly reporting of sales information through the end of the year to provide transparency on its ongoing business performance.