3M Co. (MMM) Reports Q1, Announces Restructuring Actions, to Cut Additional 6,000 Staff

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Go back to 3M Co. (MMM) Reports Q1, Announces Restructuring Actions, to Cut Additional 6,000 Staff

3M Co. (MMM) Q1: strong quarter, in-line guidance, 6,000 new job cuts

April 25, 2023 7:18 AM EDT

3M Co. (NYSE: MMM) reported its financial results for Q1 2023 today, as well as announced several major operational updates.

For Q1, the company posted EPS of $1.97, $0.39 ahead of the analyst estimate of $1.58, with revenue also topping expectations at $8B vs estimate of $7.48B.

MMM provided FY 2023 guidance with EPS of $8.50-$9.00, versus the... More