3M\'s Global Strength Enables Record Second-Quarter Sales and Earnings

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"The strength of 3M's global portfolio was evident in the secondquarter," said George W. Buckley, 3M chairman, president and CEO."3M's three largest businesses, Industrial and Transportation,Health Care and Safety, Security and Protection Services, grew atdouble-digit rates. Our record sales and earnings for the secondquarter are a remarkable achievement by 3M employees around theglobe, given the tough economic conditions we have seen in the U.S.and the changing dynamics in the optical films industry."
The company drove outstanding growth across its internationaloperations--3M sales in Latin America increased 32 percent overlast year, and Europe achieved 18 percent sales growth, whileCanada grew by 14 percent. Sales in Asia Pacific improved by 1percent, 17 percent excluding optical headwinds. Internationalsales now account for close to two-thirds of 3M's total.
Buckley continued, "We remain committed to our long-term growthstrategy as we continue to innovate and invest in 3M's core, buildupon and extend that core with acquisitions, invest in emergingbusiness opportunities and leverage our world-class internationalpresence. As always, these investments will be balanced withoperational excellence to ensure that we continue to deliver on ourcommitments."
This news release contains forward-looking information (within themeaning of the Private Securities Litigation Reform Act of 1995)about the company's financial results and estimates, businessprospects, and products under development that involve substantialrisks and uncertainties. You can identify these statements by theuse of words such as "anticipate," "estimate," "expect," "project,""intend," "plan," "believe," "will," and other words and terms ofsimilar meaning in connection with any discussion of futureoperating or financial performance.