Pacer ETFS distributor President Sean O’Hara discusses how President Donald Trump’s tariffs are affecting the market in “Morning with Maria.”
Tuesday Beat US Industrial Conglomerate 3m Co. Wall Street Expectations for first quarter profits for cost cuts have boosted the stock by 7%, even if warned of a potential blow to 2025 revenues from trade tensions.
Bill Brown, who took over Mike Roman as CEO in May, created a restructuring plan in July, focusing on spending and redirects from legal debt easing.
In February, 3M said it was targeting an operating margin of around 25% by 2025. In the first quarter, adjusted operating profit margin was 23.5%, an increase of 220 basis points.
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There is a sign for the 3M headquarters in St. Paul, Minnesota. (Reuters/Nicholas PFOSI/Reuters Photos)
Minnesota-based 3M continues to raise global trade tensions, with its adjusted profit forecast for 2025 to 40 cents potential tariff-related hits of $7.60 to $7.90.
US President Donald Trump’s Tariffs have fueled concerns about slowing the economy and lowering consumer sentiment. This could affect sales of 3M consumer products, such as the iconic Scotch tape and Post-it Notes. China accounted for around 10% of the company’s global revenue as of March.
President Donald Trump will make mutual tariff comments at an event held at the White House in Washington, DC on April 2, 2025. (Brendan Smialowski/AFP via Getty Images)
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| Hmm | 3M co. | 126.09 | -4.12 |
-3.16% |
At the current rate, 3M expects a yearly potential impact of pre-exemption tariffs of $850 million. China’s tariffs CFO Anurag Maheshwari said in a post-revenue call that includes $675 million.
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3M Co. on Tuesday beat Wall Street’s expectations for first quarter profits in cost-cutting. (Reuters/Mario Anzuni/Reuters Photo)
3M also said it plans to utilize the network to ease tariff costs.
“We can ship products from the US to China and instead ship from Europe to China. And perhaps we can bring the US volume back to our European factory,” CEO Brown said over the phone.
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According to data compiled by LSEG, the industrial giant calculated a profit of $1.88, $1.88 per share.
It benefits from a 2.5% increase in its safety sales; Industrial segment. Net sales were $5.78 billion, exceeding $5.75 billion.
