3M Looks Into the Future: Long-Term Gain, but Potential Short-Term Pain
3M's (NYSE: MMM) CEO Bill Brown recently gave a presentation at the JPMorgan Industrial Conference, and his remarks contained some mixed news for investors. However, on balance, they were positive for long-term investors. Here's what happened and what it means to investors.Going back to the company's fourth-quarter earnings presentation in late January, management had told investors to expect the following in the first quarter:However, at the recent JPMorgan conference, Brown told investors that organic revenue growth would be in the range of 1% to 1.5%, but there would be better-than-anticipated margin performance.Continue reading
3M's (NYSE: MMM) CEO Bill Brown recently gave a presentation at the JPMorgan Industrial Conference, and his remarks contained some mixed news for investors. However, on balance, they were positive for long-term investors. Here's what happened and what it means to investors.
Going back to the company's fourth-quarter earnings presentation in late January, management had told investors to expect the following in the first quarter:
However, at the recent JPMorgan conference, Brown told investors that organic revenue growth would be in the range of 1% to 1.5%, but there would be better-than-anticipated margin performance.
