Latest news with #BillBrown
Yahoo
5 days ago
- Business
- Yahoo
3M Company (MMM): 'I Was Surprised' By The Organic Growth Rate, Says Jim Cramer
We recently published . 3M Company (NYSE:MMM) is one of the stocks Jim Cramer recently discussed. 3M Company (NYSE:MMM) is one of the largest industrial conglomerates in the world. Its shares have gained 16.7% year-to-date as part of a bullish run in industrial stocks that Cramer has commented on several times. In his previous remarks about 3M Company (NYSE:MMM), the CNBC host pointed out that the firm is benefiting from strong leadership and insulation from tariffs. However, the shares have lost 4.9% since its latest earnings report despite the firm further reducing the estimated impacts from tariffs. Here's what Cramer said about 3M Company (NYSE:MMM) earnings: 'Now you could have estimates go up and up that you end up . . .And those, 3M, where you just say you know what, they moved up, moved up, moved up. But we have a lot of catch-up upgrades today. Catch-up price target bumps.' VAKSMAN VOLODYMYR/ Previously, Cramer shared his thoughts about how 3M Company (NYSE:MMM) was part of a broader bull market in industrial stocks: 'Now the industrials have been on fire. The part of this broadened out bull market and one of my absolute favorites is 3M, which is beginning to remind me of the old 3M, where the question was simply how big the beat will be. CEO Bill Brown is crushing it, and this one's been greeted with buying both before and after the conference call.' While we acknowledge the potential of MMM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
18-07-2025
- Automotive
- Yahoo
Here's Why 3M Shares Slumped Today (and Why It Could Be a Good Buying Opportunity)
Key Points 3M raised its margin, earnings, and implied cash flow guidance, but lowered its full-year revenue growth expectations. Management is making excellent progress on improving the business operationally. 10 stocks we like better than 3M › 3M (NYSE: MMM) stock declined by 5.2% as of 2 p.m. ET today following the company's second-quarter earnings report. Despite the disappointing share price reaction, the results were solid, and there was plenty in the results to make investors feel that management is taking the company in the right direction. The bad and good news for 3M Starting with the bad news: 3M's end markets aren't improving as much as management had hoped at the start of the year. After nudging investors toward the low end of its initial full-year organic growth range of 2%-3% in April, CEO Bill Brown lowered it to 2%. That's probably the reason for the decline, compounded by management citing softness in key end markets for 3M, like consumer electronics, a challenged auto aftermarket, and a barely improving auto original equipment market. That said, there's little management can do about its end markets, but it can improve its operational performance. And the good news is, it's doing it very well. Some highlights from the report: New product introductions of 126 put it well on track to exceed its target of 215 in 2025. On-time-in-full (OTIF) deliveries at the highest level in nearly six years -- a key measure management is targeting. "Better asset utilization enabling the sunset of old equipment" Management raised full-year operating profit expansion guidance to 150 basis points to 200 basis points, from its original guidance of 130 basis points to 190 basis points. Full-year earnings per share guidance has been increased to $7.75-$8.00 from $7.60-$7.90 previously. In short, the company's self-help initiatives are effective, but the stock is being penalized due to end-market challenges. As such, the dip presents a buying opportunity, provided there's some stabilization in the consumer electronics and auto sectors, but that might require lower interest rates first. Do the experts think 3M is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did 3M make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,069% vs. just 180% for the S&P — that is beating the market by 888.61%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,149!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,060,406!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends 3M. The Motley Fool has a disclosure policy. Here's Why 3M Shares Slumped Today (and Why It Could Be a Good Buying Opportunity) was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
18-07-2025
- Business
- CTV News
3M lifts 2025 profit forecast on cost-cutting, margin expansion efforts
The logo for 3M appears on a screen above the trading floor of the New York Stock Exchange. (AP Photo/Richard Drew) 3M on Friday raised its full-year profit forecast, as its cost-cutting measures and efforts to focus on high-margin products begin to pay off, sending shares of the industrial giant up 2.5 per cent in premarket trading. In July 2024, CEO Bill Brown laid down a plan to improve the conglomerate's sales by shifting spending away from legal liabilities and supply-chain issues, and toward developing new products. The industrial giant now expects a full-year adjusted profit between US$7.75 and $8 per share, compared with $7.60 to $7.90 per share previously. The increased full-year earnings per share guidance now includes the impact of tariffs, the company said. In the first quarter, the conglomerate expected a hit of 20 cents to 40 cents. The forecast raise comes amid easing tensions between the U.S. and China after the two countries reached a comprehensive trade deal in June. The Scotch tape-maker reported second-quarter adjusted profit of $2.16 per share compared with $1.93 a year earlier. (Reporting by Aishwarya Jain in Bengaluru; Editing by Shinjini Ganguli)
Yahoo
18-07-2025
- Business
- Yahoo
3M lifts 2025 profit forecast on cost-cutting, margin expansion efforts
(Reuters) -3M on Friday raised its full-year profit forecast, as its cost-cutting measures and efforts to focus on high-margin products begin to pay off, sending shares of the industrial giant up 2.5% in premarket trading. In July 2024, CEO Bill Brown laid down a plan to improve the conglomerate's sales by shifting spending away from legal liabilities and supply-chain issues, and toward developing new products. The industrial giant now expects a full-year adjusted profit between $7.75 and $8 per share, compared with $7.60 to $7.90 per share previously. The increased full-year earnings per share guidance now includes the impact of tariffs, the company said. In the first quarter, the conglomerate expected a hit of 20 cents to 40 cents. The forecast raise comes amid easing tensions between the U.S. and China after the two countries reached a comprehensive trade deal in June. The Scotch tape-maker reported second-quarter adjusted profit of $2.16 per share compared with $1.93 a year earlier. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
15-07-2025
- Business
- Yahoo
Why 3M Company (MMM) is One of the Top Dividend Stocks in the Industrial Sector
3M Company (NYSE:MMM) is included among the 13 Best Industrial Dividend Stocks to Buy Right Now. A specialized industrial laboratory, filled with high-tech machinery for producing abrasives. The company encountered some difficulties last year, but following the spinoff of its healthcare division, it appears to be on the path to recovery. It reported solid earnings for the first quarter of 2025 and is steadily progressing on key operational objectives aligned with CEO Bill Brown's turnaround plan. 3M Company (NYSE:MMM) posted revenue of $5.8 billion, which, though, fell by 28% on a YoY basis, beat analysts' estimates by $50.7 million. The revenue showed an organic growth of 1.5% from the same period last year. In its earnings report, the company highlighted that it remains committed to strengthening its business fundamentals in the current dynamic environment, fostering a new performance-driven culture, and advancing its strategic priorities, all while making the most of its broad global network and strong presence in the US. 3M Company (NYSE:MMM) currently offers a quarterly dividend of $0.73 per share. The company has raised its payout just once after slashing it by 50% last year. However, it has remained committed to its shareholder return, paying $1.7 billion to investors through dividends and share repurchases in the most recent quarter. The stock has a dividend yield of 1.87%, as of July 13. While we acknowledge the potential of MMM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
