By Dean Seal
3M isn't lowering its 2025 earnings guidance in light of President Trump's tariff campaign but instead is adding a "tariff sensitivity" to show how much the levies could cut into its current outlook.
The materials maker said Tuesday that it still expects adjusted earnings of $7.60 to $7.90 a share this year, but that tariffs could knock the figure down by 20 to 40 cents a share.
The move comes as 3M reports a profit of $1.12 billion, or $2.04 a share, compared with $928 million, or $1.67 a share, in the same quarter a year earlier.
Stripping out one-time items, adjusted earnings were $1.88 a share. Analysts surveyed by FactSet had been expecting $1.77 a share.
Sales slid 1% to $5.95 billion, but still came in above analyst projections for $5.76 billion, according to FactSet.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
April 22, 2025 06:50 ET (10:50 GMT)
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