MAAT INDEX

CLAIM #42449 · 3M Company (MMM) · 2024Q2 earnings call · Jul 26, 2024 · due Dec 31, 2024

And finally consumer is down nearly 3% organically through the first half of the year versus a full year expectation of down low single digits.

William Brown · CEO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

the midpoint. While significant macro uncertainty remains, our business segment and market trends are largely playing out as expected. Year-to-date Safety and Industrial organic growth is approximately flat versus a full year expectation of flat to up low single digits. We expect that industrial end markets will remain mixed as channel partners and end customers continue to remain cautious on overall demand trends. On an adjusted basis, transportation and electronics is up nearly 5% organically in the first half versus a full year expectation of up low single digits. Strength in the first half was due in large part to consumer electronics along with automotive. We continue to monitor auto build rates along with consumer electronics demand trends for the back-to-school and holiday season. And finally consumer is down nearly 3% organically through the first half of the year versus a full year expectation of down low single digits. We continue to expect that consumer retail discretionary spending on hardline goods to remain muted in the balance of the year. Before we'd open up to your questions, I would like to take a moment to recognize and thank Monish for all his contributions and impact on 3M over the past four years. While I've only had a short time working with him, he has been a strong partner and has helped me get up to speed on the company, and I've enjoyed working with him. I appreciate everything he has done to navigate through a number of challenges and to make 3M stronger along the way. With that, let's open the call to your questions. Operator: [Operator Instructions] Our first question comes from Jeff Sprague with Vertical Research Partners. Please proceed with your question. Jeffrey Sprague: Good mor

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SEC filings for MMM · Claim quote is verbatim from the 2024Q2 earnings call.