3M Company Reported Better Than Expected Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/MMM'>3M Company (NYSE:MMM) </a>reported its Q4 results, with better than expected organic sales, mostly due to December strength in respirator demand and holiday sales in Consumer, lower corporate expense, and lower taxes.</p>
<p>The results were surprising, given the company’s negatively preannounced organic sales at a competitor conference on Dec 2, where it disclosed that its Q4 organic revenues were tracking towards the low-end of its (2%)-0% guidance range. However, the company’s quarterly organic sales were up 1.3% year-over-year, with sources of the upside including higher sales of N95 masks in December due to the Omicron variant and stronger than expected consumer demand during the holiday season.</p>
<p>In terms of disappointments, margins were somewhat underwhelming as the company faced continued raw material and logistics headwinds in all of its segments.</p>

NYSE:MMM