What Drove 3M’s Electronics and Energy Segment’s Income Margin?
3M’s (MMM) Electronics and Energy segment contributed 15.9% to the company’s total revenue in Q2 2018 compared to 16.5% in Q2 2017, a decrease of 0.6 percentage points on a year-over-year basis. The segment reported revenue of $1.33 billion in Q2 2018, an increase of 3.6% on a year-over-year basis. The segment’s revenue growth was driven by a 5.2% increase in organic growth, while foreign currency helped the revenue to grow by 1.1%.