CLAIM #42567 · 3M Company (MMM) · 2025Q1 earnings call · Apr 22, 2025 · due Jun 30, 2025
“For the second quarter, we may see a couple of pennies here and there, small impact, but that's within the guidance range of $7.60 to $7.90.”
Anurag Maheshwari · CFO
In context
“sort of in the in-year framework, it's sort of $0.60 gross headwind, $0.30 net headwind. Potentially at the midpoint of that framework you gave. Any more details you could give us, you know, if it is around that middle of the middle type number, How do we think about the phasing of that $0.30 net headwinds through the year? And also any color you could give on the impact by segment? Is it sort of better or worse in every in any division? Anurag Maheshwari: Yeah. Julian, again, listen, as we said, the tariffs started in February with non-USMCA aluminum steel but the ones with the biggest impact started in April, particularly with between US and China. And as I mentioned, we typically carry about 90 days of inventory. So we will see this impact in more mainly in the second half of the year. For the second quarter, we may see a couple of pennies here and there, small impact, but that's within the guidance range of $7.60 to $7.90. So you'll see this impact in the second half of the year. Now regarding the businesses and the segments, we'll probably give more color as we kind of go around here. What the team is more importantly, if you take a step back, is working on actions very quickly across the buckets that Bill mentioned. And what we can control. So, obviously, on the cost side, you'll see us control a little bit faster Price will come in. And then the offensive strategy, you'll see more of the benefit come through towards the end of the year or next year. So you will see us mitigating this impact more as we go along the course of the year into next year. Julian Mitchell: Great. Thank you. Operator: We'll go next now to Amit Mehrotra at UBS. Amit Mehrotra: Thanks. Good morning. Anurag, just following up on the”
Verify independently
SEC filings for MMM ↗ · Claim quote is verbatim from the 2025Q1 earnings call.