3M Reports Record Fourth-Quarter and Full-Year Sales

St. Paul, Minnesota-based 3M, parent company of 3M Promotional Markets, reported it's fourth-quarter and full-year sales figures last month. The company's fourth-quarter sales rose 4.2 percent year-on-year to $7.4 billion, an all-time fourth-quarter record. Organic local-currency sales grew 4.3 percent, acquisitions added 0.9 percent to sales and currency impacts reduced sales by 1.0 percent year-on-year. Operating income was $1.4 billion and operating income earnings were 19.5 percent.