What impacted 3M's Q1 2024 operating income?
3/30/2025 06:21pm
**3M's Q1 2024 operating income was impacted by several key factors:**
1. **Organic Sales Decline**: 3M experienced a 1% decrease in organic sales, which directly affected the company's profitability. This decline was a result of softness in certain business segments, such as the home health, auto, and stationery & office areas within the Consumer segment.
2. **Divestitures**: The company also faced a negative impact of 0.4% from divestitures, which contributed to the overall decline in revenue and income.
3. **Foreign Currency Translation**: Despite a positive impact of 0.9% from foreign currency translation, this was not sufficient to offset the negative effects of the organic sales decline and divestitures.
In summary, 3M's Q1 2024 operating income was primarily impacted by a combination of organic sales decline, divestitures, and foreign currency translation, resulting in a challenging operating environment for the company.