...April 27, 2021 NEW YORK (S&P Global Ratings) April 27, 2021--3M Co.'s operating performance was strong in the first quarter, in line with our expectations, as manufacturing continues to rebound from COVID-19 pandemic-related pressure in 2020. Organic sales growth was positive in all segments (safety and industrial, transportation and electronics, health care, and consumer) year over year for the second consecutive quarter. The broad-based improvement translated into 8% top-line growth on an organic, local currency basis versus the first quarter of 2020. Demand remains strong, particularly in 3M's products relating to personal safety (which continues to benefit from strong demand related to respirator masks) and electronics. Continued improvement in industrial, automotive, and construction increased demand for 3M's industrial adhesives and tapes, roofing granules, and auto body repair products. While health care continues to be negatively affected by fewer elective surgeries, the company's...
