3M commentary on tariffs, demand pressures and outlook
3M CEO says the company continues to see a couple of places with pressure, including consumer electronics, auto and auto aftermarket, and U.S. consumer spending, on the conference call.
3M CFO says Q2 operating profit was offset by $110 million from tariff impact and stranded cost headwind.
3M CFO says the company has not received any tariff refunds to date.
3M CFO says the increase in annual earnings forecast is coming from stronger sales growth, productivity gains and the capital deployment strategy.
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