CLAIM #42573 · 3M Company (MMM) · 2025Q1 earnings call · Apr 22, 2025 · due Dec 31, 2025
“We expect our auto OE business to be down mid-single digits both in the quarter and for the year.”
William Brown · CEO
In context
“t a follow-up on a couple of your market expectations because there's a lot of, you know, movement in these two in particular. What are you guys thinking for auto builds and electronics for 2025? Bill Brown: So right now auto bills, it came down very recently in the recent IHS data. It's down, I think, 1.8%. Global auto bills now. I think it's down about 9% in the US, so pretty you know, pretty big erosion for that from the middle of March. I think middle of March, it was, like, 4.5%. It's down 9 now with the latest estimate for the year. Europe is down around 4 or 5% for the year. I think China's up modestly. That's for the full year. I think if I from what I heard, recently, about 1.5 million units came out of the full year auto build forecast, and that's what's reflected under numbers. We expect our auto OE business to be down mid-single digits both in the quarter and for the year. So that's already modeled into our expectations. Consumer electronics, you know, we think is probably gonna be up low single digits. It was that's kinda where we're at in Q1. We think it's about that flat to up low single digits. For the year. There might have been a little bit of stockpiling in the channel in Q1, but the reality is we see that to be a kind of modest growth flattish to modest growth for us for this year. Nicole DeBlase: Thanks, Bill. I'll pass it on. Operator: Go next now to Andy Kaplowitz at Citi. Please proceed with your question. Andy Kaplowitz: Hey, good morning, everyone. Hey, good morning. I just wanted to ask you about TEGG margin. In Q1, it still looked like it was under a bit of pressure as it was in Q4. I know you said that that's a segment that's absorbing PFAS”
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SEC filings for MMM ↗ · Claim quote is verbatim from the 2025Q1 earnings call.