3M, a big company that makes lots of things like Scotch Tape and Post-it Notes, had some tough times recently. It faced slow sales and big legal problems. This made its stock price go down, unlike other stocks that went up.
- 3M's sales slowed down because of problems in the world economy.
- It had to pay billions of dollars in legal settlements for faulty products and pollution.
- To improve things, 3M split off its healthcare business.
| Year | Organic Sales Growth | Operating Margin |
|---|---|---|
| 2021 | 8.8% | 20.8% |
| 2022 | 1.2% | 19.1% |
| 2023 | -3.2% | -43.4% |
| 2024 | 1.2% | 19.6% |
Experts are unsure if 3M's stock will do well in the future. The company is trying to fix its problems.
