3M Co., which makes a wide range of items including Scotch tape, coatings for signs, and roofing shingles, reported its net income rose 2.6 percent as revenue grew across most of its businesses.
Earnings came in at $1.2 billion, or $1.71 per share, a penny better than expected by analysts. Revenue rose 2.9 percent to $7.75 billion, just slightly less than analysts had expected.
Revenue rose in each of 3M’s divisions except for its electronics and energy unit, where sales fell 3.2 percent. Profits in that unit fell 16 percent.
3M left its full-year guidance unchanged.
3M Co. (MMM) is up +24.34% year-to-date.