3M Co (NEOE:MMMM)
C$ 21.85 0.2 (0.92%) Market Cap: 101.45 Bil Enterprise Value: 110.48 Bil PE Ratio: 16.96 PB Ratio: 15.76 GF Score: 48/100

3M Co at Credit Suisse Industrials Conference Transcript

Nov 30, 2022 / 02:30PM GMT
John Walsh

All right. Welcome, everybody. Thank you for being here with us in person and on the webcast. We're very excited to have 3M with us. With me on the stage is Mike Roman, Chairman and CEO. And before we head into the fire side, I think Mike had a couple of opening remarks.

Michael F. Roman
3M Company - Chairman & CEO

Yes. Thanks, John, and thanks for hosting this. A pleasure to be here. I thought I'd start with -- we're still facing as everyone is aware, a pretty fluid situation, a lot of uncertainty. We're seeing our industrial businesses end markets performing okay. I'll touch a little more on detail on that. Our consumer-facing businesses are seeing incremental weakness in their markets, and I'll touch more on that. And good examples are consumer electronics, where you've seen softness in end market demands. Retail -- the big-box retailers continue to focus on inventory, and we're seeing incremental softness in the retail side of it.

We're also seeing some softness in elective procedures in health care. We've talked about getting back to 90%

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