3M quarterly profit jumps on price hikes, cost cutsApril 30 (Reuters) - U.S. industrial conglomerate 3M Co (MMM.N), opens new tab posted a 21% rise in quarterly profit on Tuesday as price hikes and cost cuts offset the impact from slow sales.
3M has hiked prices over the past two years and said last quarter it will continue to lean on price increases across categories to offset inflation and slow demand in its electronics business that makes optical films for smartphone and television displays.
This helped the industrial conglomerate, along with cost cuts, to navigate the slow demand environment, particularly in markets such as China.
The St. Paul, Minnesota-based company reported an adjusted profit of $2.39 per share for the quarter, compared with $1.97 per share a year earlier.
ChatGPT：
3M季度利潤因提價和削減成本而大幅增加
4月30日（路透社）- 美國工業集團3M公司（MMM.N），周二公布的季度利潤增長21%，得益於提價和削減成本抵消了銷售疲軟的影響。
過去兩年，3M提高了價格，並在上個季度表示，將繼續依賴跨類別的價格上漲來抵消通脹和電子業務需求疲軟，該業務生產用於智能手機和電視顯示器的光學膜。
這幫助該工業集團在成本削減的協助下，應對需求疲軟的環境，特別是在中國等市場。
這家位於明尼蘇達州聖保羅的公司報告稱，本季度每股調整後利潤為2.39美元，而去年同期為1.97美元。