3M Fourth-Quarter Sales Increase 11 Percent and Earnings Increase 69 Percent
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Buckley continued, “Importantly, our company got stronger and our results improved as the year went on, culminating with an outstanding fourth quarter. Sales in the quarter rose over 11 percent to $6.1 billion as all six business segments and all geographic regions expanded their sales year-on-year. These sales helped drive a 38 percent increase in operating profit, with all segments and geographies posting double-digit growth. Our strong fourth quarter gives me great confidence for continued success in 2010 and beyond.”
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