ST. PAUL, Minn., April 25, 2023 /PRNewswire/ — 3M (NYSE: MMM) today reported first-quarter 2023 results.
“In the first quarter we continued our relentless focus on serving customers and aggressively managed costs,” said 3M chairman and CEO Mike Roman. “Market trends were as we expected, and we made changes to improve our operations and position us for success as supply chains improve.”
“To strengthen 3M for the future, today we announced actions that will reduce costs at the corporate center, further simplify and strengthen our supply chain structure, and streamline our go-to-market business models, which will improve margins and cash flow,” Roman continued. “We will continue to prioritize investments in high-growth end markets where 3M…
Read the full article at: https://news.3m.com/2023-04-25-3M-Reports-First-Quarter-2023-Results-Company-Announces-Restructuring-Actions