3M Reduces Business Segments to Four From Five in Realignment
18 Mars 2019 - 3:01PM
Dow Jones News
By Colin Kellaher
3M Co. (MMM) on Monday said it will reduce its number of
business segments to four from five in a realignment aimed at
boosting customer focus and productivity at the manufacturing and
technology giant.
3M said the realigned segments include safety and industrial,
with annual revenue of $12 billion; transportation and electronics,
with annual revenue of $10 billion; healthcare, with revenue of $7
billion a year; and consumer, with annual sales of $5 billion.
The St. Paul, Minn., company previous reported segments of
industrial, safety and graphics, healthcare, electronics and
energy, and consumer.
3M said it will begin reporting its financial results under the
new structure starting with the second quarter.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
March 18, 2019 09:46 ET (13:46 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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