3M Earnings: Did The Company Just Turn A Corner?

Summary:

  • 3M reported first quarter earnings, which were down year over year but beat analyst expectations.
  • The company reiterated 2023 guidance and announced a new restructuring plan.
  • However, we think MMM still has more to prove to investors at this point.

3M tape manufacturing facility. This plant is part of the Industrial, Adhesives and Tape Division V

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Background

Conglomerates may no longer hold the same favor among investors that they once did, but 3M (NYSE:MMM) refuses to go quietly into the night. On Tuesday morning, the company delivered its first quarter 2023 results, which handily

3M Company Segment info

Investor Presentation

3M Company Transport And Electronics

Company Presentation

MMM stock Analyst revenue expectations

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