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CNBC

3M CEO warns of weaker consumer

CNBC · New
CNBC
CNBC
New

3M reported strong third-quarter results, with notable growth in its aerospace and safety businesses. CEO Bill Brown, however, noted ongoing challenges, including weaker consumer sentiment and a slow housing market.

Breakdown
  • 3M's third-quarter results exceeded expectations, with strong performance in aerospace and safety. 8s
  • CEO Bill Brown noted weaker consumer sentiment and a slow housing market impacting demand. 26s
  • 3M is raising prices on some products and introducing cost-effective options to address tariffs and costs. 36s
  • The company is undergoing a major turnaround under CEO Brown, with the stock up about 68 percent since his tenure began. 55s
  • Most PFAS-related liabilities have been settled, but some concerns remain for 3M. 1m 0s
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