The industrial manufacturer made the announcement Thursday as it reported weak sales during its most recent quarter and darkened its outlook for the year ahead. Sales slid 5% to $7.9 billion last quarter compared to the same time period a year ago. Although sales ticked up in the United States, 3M's largest region, sales dropped more than 9% in Europe, the Middle East and Africa. Those areas make up 3M's second largest region. Sales in Asia also fell more than 7% compared to a year ago.
US stocks hit new record highs"The first quarter was a disappointing start to the year for 3M," said Mike Roman, 3M chief executive officer, in a statement."We continued to face slowing conditions in key end markets."In addition, 3M slashed its full-year guidance.Read More3M said the job cuts, which represent around 2% of its global workforce, will save the company up to $250 million annually.
AndrewYang will provide security for these situations in the near future if nominated for the 2020 dem election. YangGang
Tax cuts did this. Expect to see much more of this.
I hope they cut there prices as well. 90 dollars for a roll of double sided tape is crazy! Works amazing tho.
Posted it on my cell phone and then lo and behold...'Hey Post-It'...where did I leave my Cell Phone...
SoMuchWinning
:( UBI
Sounds like a sticky situation
Are Romy and Michelle safe?
I won't be surprised if they have decided to outsource the manufacturing to China😢
the Left is trying to destroy Christianity
That won't stick
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