3M warns of 'slow growth environment' in 2024
The 3M logo is seen at its global headquarters in Maplewood, Minnesota, U.S. on March 4, 2020. REUTERS/Nicholas Pfosi/File Photo Acquire Licensing ...
The 3M logo is seen at its global headquarters in Maplewood, Minnesota, U.S. on March 4, 2020. REUTERS/Nicholas Pfosi/File Photo Acquire Licensing Rights Sept 13 (Reuters) - U.S. industrial conglomerate 3M Co (MMM.N) on Wednesday warned of "a slow growth environment" in 2024 as well as flagged weakness in its electronics and consumers segments in the current and next quarters. This comes a few months after the company had raised its full-year profit forecast in July and beat second-quarter earnings estimates as it was able to offset high raw material and labor costs by hiking prices.