Sales increased 14.7 percent year-on-year to $912 million. Sales up 10.7 percent in local currency, which includes 2.6 percentage points from acquisitions; currency impacts added 4 percent to sales growth. Double-digit local-currency sales growth in home care products, particularly Scotch-Brite?„? scrubbing solutions for the home, and in consumer health care, driven by recent acquisitions. Positive local-currency growth in all other businesses, including do-it-yourself, stationery products and office supplies. Local-currency sales grew in all geographic regions, led by double-digit increases in Latin America and in the United States. Operating income increased 32.7 percent to $219 million; operating margins were 24 percent.

Display and Graphics

Sales of $869 million, up 42.4 percent year-on-year. Sales rose 38.4 percent in local currency; currency impacts added 4 percent to global sales. Positive local-currency sales growth and double-digit profit growth in all major businesses and geographic regions, particularly Asia Pacific and Latin America. Improved economic conditions drove sequential improvement in commercial graphics' sales. Sales doubled in optical systems versus a soft year-on-year comparison; new film solutions for eco-friendly and LED-backlit televisions continue to drive additional sales. Operating income increased 254 percent to $212 million, with margins of 24.3 percent.

Safety, Security and Protection Services

Sales rose 20.4 percent year-on-year to $809 million. Local-currency sales up 14.7 percent year-on-year; currency translation added 5.7 percent to sales. Sales growth led by the personal protection products business, despite a tapering off in H1N1-related demand; also drove positive local-currency sales growth in roofing granules and in the building and commercial services business. Double-digit local-currency sales growth in all geographic regions. Operating income increased 46.1 percent to $181 million, with strong operating margins of 22.4 percent.

Electro and Communications

Sales of $665 million, up 38.6 percent year-on-year. Sales rose 34.3 percent in local currency; currency impacts added 5.3 percent to sales. Majority of growth driven by electronics-related businesses in Asia along with electrical products for power infrastructure; commercial construction and telecom infrastructure industries remain challenging. Sales expanded in all geographic regions. Operating income increased more than six-fold to $137 million, with margins of 20.6 percent.

Source 3M