Brief: 3M exec says co had light start to 2026 on the top line driven by pockets of macro pressure - conf. call
21/04/2026 15:06
April 21 (Reuters) - 3M Co MMM.N: 3M EXEC SAYS CO HAD A LIGHT START TO THE YEAR ON THE TOP LINE DRIVEN BY POCKETS OF MACRO PRESSURE - CONF. CALL 3M EXEC SAYS PERFORMANCE IN SEMICONDUCTOR AND DATA CENTERS WAS VERY STRONG WHILE CONSUMER ELECTRONICS WAS STOPPED DUE TO INDUSTRY WIDE MEMORY CHIP ISSUES, WHICH IS IMPACTING DEMAND 3M CFO SAYS CO FACING HIGHER INPUT COSTS DUE TO RECENT INCREASE IN OIL PRICE BUT HAS IMPLEMENTED TARGETED PRICE INCREASES TO MITIGATE IMPACT AT CURRENT LEVELS 3M CFO SAYS GIVEN CONTINGENCIES FOR H2 2026, CO EXPECTS H1 2026 EPS TO BE HIGHER THAN SECOND HALF 3M CEO SAYS EXPECTED PRICE INCREASE FROM OIL COULD BE AROUND AN EXTRA 50 BASIS POINTS Further company coverage: MMM.N ((Reuters.Briefs@thomsonreuters.com;))