3M Co (NYSE:MMM)

$ 98.2 0.64 (0.66%) Market Cap: 54.34 Bil Enterprise Value: 65.53 Bil PE Ratio: 0 PB Ratio: 11.17 GF Score: 71/100

3M Co at Morgan Stanley Laguna Conference Transcript

Sep 11, 2019 / 05:30PM GMT

Release Date Price: $140.53 (-0.46%)

Transcript

Joshua Charles Pokrzywinski

Morgan Stanley, Research Division - Equity Analyst

Thanks, everybody. We're going to get started again with 3M. Always a good conversation. Nick, thanks for joining us.

So maybe just to start off, if you want to give us a bit of a lay of the land, what you're seeing out there, some of the strategic imperatives for 3M right now, and we'll dive into questions.

Nicholas C. Gangestad

3M Company - Senior VP & CFO

Great. Thanks, Josh. Really good to be here this morning. And I'm encouraged by 3M's progress and performance in the second quarter coming off a difficult start to the year. While we continue to face slower growth in some of our key end markets, our execution was strong in Q2, and we did that while implementing a restructuring action, continuing to manage costs tightly and reducing our inventory levels.

While we're pleased with that progress, there's still more work to do. And 3M has deep competitive advantages, an incredible technology set of platforms, advanced manufacturing, global capabilities and

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us ETF Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.