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3m (NYSE: MMM) Recently reported the earnings of the first quarter and showed that he is doing underlying progress raise The potential in reverse for actions in a resolution to the commercial conflict. As such, risk/reward calculation has moved in favor of buying shares from the multi -industrial company and looks like a big purchase right now. Here is why.
The key report of the 3M earnings report is that the economic environment adversely affects the sales of the company, but exceeds expectations on the margins and, in short, the results. In addition, the company continues to advance in the key operational metrics of the CEO of Bill Brown.
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The growth of organic sales of the first quarter of 1.5% was weaker than the implicit orientation at the beginning of the year of approximately 2.1%. However, the ACTION ACCORDATION BENEFIT (EPS) of $ 1.88 came ahead of the implicit guide of about $ 1.71.
In addition, the commentary of the management implies that this trend will continue throughout the year. For example, CFO Anurag Maheshwari told investors that 3M “tended to the lower end of our orientation of 2% to 3%” for the growth of organic sales of a full year. He also said: “We see the other way around at the midpoint of our margin and the gain orientation range.”
He also said that 3M tended to $ 0.10 better than their orientation throughout the year from $ 7.60 to $ 7.90, but the management shaved $ 0.10 of their expectations as a contingency for the “current environment”.
As such, if the fare dispute and the sales prospects of 3m can be improved, it is reasonable to wait for a combination of operational leverage (expansion of margin due to more sales volume) and a better operating performance of the margin (as shown in the first quarter) to entail a potential at the head of the EPS in 2025.
In addition, the advances of 3M in the main operating metrics of Brown suggest that investors will begin to improve the near -term results.
First, Brown wants to increase the long -term growth rate, resetting a culture of innovation and launching new introductions of products (NPIS). Although time will take time to develop really advances, 3M can focus on NPIs as the extensions of the product line. In fact, 3m launched 169 NPis in 2024 (32% higher than 2023), and in the first recent quarter, only 62 NPI launched, with Brown with the intention of launching 215 to 2025 and 1,000 for the next three years.
