Replies to post #24353 on The Rising Influence of Rising Affluence

[DewDiligence]

3M 3Q21 PR and CC slides:

https://investors.3m.com/news/news-details/2021/3M-Reports-Third-Quarter-2021-Results/default.aspx

https://s24.q4cdn.com/834031268/files/doc_financials/2021/q3/3Q-2021-Earnings-Presentation.pdf

3M trimmed its 2021 GAAP EPS guidance to $9.70-9.90 (from the prior range of $9.70-10.10) due to supply-chain disruptions. OTOH, YoY organic sales growth is expected to be 8-9%, at the high end of the prior range of 6-9%.

[DewDiligence]

NEOG to merge with 3M’s spun-off food-safety business in $9.3M deal:

https://www.sec.gov/Archives/edgar/data/0000066740/000119312521356172/d264913dex99.htm

The combination is structured as a Reverse Morris Trust that is non-taxable to 3M shareholders, who will receive shares of NEOG but no cash. The closing is expected in 3Q22.

[DewDiligence]

3M 4Q21 results—2021 non-GAAP_EPS_of $10.12—(+14% YoY)—slightly_above_prior_guidance of $9.70-10.10.

PR:
https://s24.q4cdn.com/834031268/files/doc_financials/2021/q4/Q4-2021-Earnings-Press-Release.pdf

CC slides:
https://s24.q4cdn.com/834031268/files/doc_financials/2021/q4/4Q-2021-Earnings-Presentation.pdf

Note: 3M will provide 2022 guidance at its Investor Day webcast on 2/14/21.