3M Reveals Upcoming Investor Event; Plans To Initiate Its Full-year 2024 Guidance Later In April
Portfolio Pulse from Benzinga Newsdesk
3M announced an upcoming investor event and its intention to release full-year 2024 guidance later in April. The company filed a Form 8-K, providing rebaselined financial information. Starting in Q2 2024, Solventum's historical results will be classified as discontinued operations within 3M's financial statements. The forthcoming guidance will treat Solventum as discontinued operations for the entire year, including Q1 2024.
April 04, 2024 | 8:47 pm
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POSITIVE IMPACT
3M plans to release its full-year 2024 guidance and has rebaselined its financials, treating Solventum's results as discontinued operations from Q2 2024.
The announcement of an upcoming investor event and the intention to release full-year 2024 guidance could generate positive investor sentiment, especially with the proactive approach of rebaselining financials and treating Solventum's results as discontinued operations. This transparency and forward-looking guidance are likely to be viewed positively in the short term, potentially leading to an uptick in 3M's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100