3M Co
MMM: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Z& | LOCK|wW?g | LOCK|B%f!$X! |
3M Earnings: PFAS Product Phase-Outs Remain a Significant Headwind to Growth
3M's sales declined 0.3% organically from last year but grew 1.5%, removing the impact of products containing PFAS. GAAP operating income declined over 6%, driven by weakness in 3M's transportation and electronics segment as sales of products containing PFAS are ceased.
