3M announced its estimates for 2022, including forecasts for sales growth of 1% -4% and gains of $ 10.15-10.65 per share.
Earnings estimates were similar to those of Wall Street analysts, who forecast earnings for 2022 of $ 10.38 per share for 3M.
Sales estimates put the revenue at $ 36.71 billion.
One factor influencing the outlook is the projected decline in demand for disposable respirators as pandemic conditions improve.
This trend is likely to reduce earnings per share by 45 cents, a factor included in 3M’s overall estimates.
The company also said it would invest $ 1 billion over the next 20 years to improve its environmental impact.
Source: Capital
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