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DewDiligence

04/26/22 3:27 PM

#25775 RE: DewDiligence #25769

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DewDiligence

06/01/22 5:43 PM

#26037 RE: DewDiligence #25769

3M expects $300M revenue_hit_in_2Q22_from China’s COVID lockdowns:

https://finance.yahoo.com/news/3m-expects-300-million-revenue-152459655.html

3M is unusual among multinational firms in that almost all of what 3M sells in China it manufactures in China. The COVID lockdowns forced the temporary closure of some of 3M’s manufacturing sites in China.

This was stated on today’s Bernstein webcast.