3M Co

MMM: XNYS (USA)
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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.

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