3M Company (MMM): 3M reports 3Q22 results

Replies (3) Next 10 Prev Next

Send PM Follow Ignore

Re: DewDiligence post# 537

Tuesday, 10/25/2022 9:25:45 AM

Tuesday, October 25, 2022 9:25:45 AM

3M reports 3Q22 results—lowers 2022 EPS guidance_again…

PR:
https://investors.3m.com/news/news-details/2022/3M-Reports-Third-Quarter-2022-Results/default.aspx

CC slides:
https://s24.q4cdn.com/834031268/files/doc_financials/2022/q3/3Q-2022-Earnings-Slides.pdf

2022 non-GAAP* EPS guidance has been lowered to $10.10-10.35 (vs $10.30-10.80 three months ago and $10.75-11.25 six months ago). The biggest components of the lowered guidance vs three months ago are FX and supply-chain bottlenecks.

*Excludes legal expenses for earplug and PFAS cases. The next trial in the earplug MDL will be in Feb 2023. The next trial in the PFAS MDL will be in Jun 2023.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

Keep Last Read

Replies (3) Next 10 Prev Next

Go Ad-Free