3M’s Health Care Segment Revenue Rose but Margins Were Constant
3M’s (MMM) Health Care segment accounted for 18.5% of revenues in 1Q18 compared to 18.7% in 1Q17, which implies that the segment’s contribution to 3M’s total revenue fell 0.2 percentage points year-over-year. The segment reported revenue of $1.5 billion in 1Q18 compared to $1.4 billion in 1Q17, implying revenue growth of 7.1% on a year-over-year basis.