Latest news with #3M
Yahoo
16 hours ago
- Health
- Yahoo
Families file lawsuit accusing manufacturers of poisoning their land: 'You don't know what's safe'
Families file lawsuit accusing manufacturers of poisoning their land: 'You don't know what's safe' Landowners in north Georgia have filed a lawsuit alleging that carpet and chemical manufacturers contaminated soil and water with toxic per- and polyfluoroalkyl substances, also known as forever chemicals. According to environmental experts, the contamination has exposed nearby families to "catastrophic" levels of PFAS. What's happening? As Atlanta News First reported, Dalton landowners have said that decades of PFAS exposure from companies like 3M, Shaw Industries, and Mohawk Industries have polluted their land, impacting their property values and posed serious health risks. Testing on a family's property near carpet plants in Dalton showed PFAS contamination. Per the lawsuit and attorneys representing Leroy and Amber Fletcher, the landowners, the test found PFAS levels thousands of times higher than the Environmental Protection Agency's limit of four parts per trillion. "It could be in the deer; it could be in the fish," Amber Fletcher said, per Atlanta News First. "You don't know what's safe." Their lawsuit alleges that carpet manufacturers treated flooring materials with PFAS-containing products, which release the forever chemicals through the air. They said the chemicals were dumped into local sewers, which led to the spread of contaminated biosolids on land. The contamination is extensive, according to experts. The lawsuit claims that the companies knew the risks for decades but kept using PFAS without proper warnings or safeguards. Why does the lawsuit matter? PFAS are a group of toxic chemicals often used in the production of various everyday products, including food packaging, cosmetics, nonstick cookware, and clothing. They're also found in food and water. Do you worry about having toxic forever chemicals in your home? Majorly Sometimes Not really I don't know enough about them Click your choice to see results and speak your mind. They are known as forever chemicals because they can take hundreds to thousands of years to break down, potentially contaminating soil, water, and wildlife habitats in the process. PFAS have been linked to multiple negative health effects, including decreased birth weight, kidney and testicular cancer, and increased cholesterol levels, according to the Agency for Toxic Substances and Disease Registry. The Dalton lawsuit could help raise awareness of PFAS contamination and highlight harmful corporate practices that affect nearby communities. What's being done about the contamination? Experts and lawmakers are working to limit human exposure to PFAS. Scientists are exploring ways to either remove them from drinking water or break them down into harmless compounds. Lawmakers are working to reduce PFAS exposure by keeping them out of everyday products. In Illinois, lawmakers passed the PFAS Reduction Act, a bill that aims to ban sales of certain household items containing PFAS by 2032. Similarly, the European Commission is proposing to ban forever chemicals from various consumer products. You can limit your exposure to PFAS by supporting eco-conscious brands. Learning about greenwashing also helps you identify corporate irresponsibility and understand how companies may mislead customers about their products' safety and environmental impacts. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet. Solve the daily Crossword
Yahoo
a day ago
- Business
- Yahoo
3M Co (MMM) Q2 2025 Earnings Call Highlights: Strong EPS Growth Amidst Global Challenges
Adjusted Earnings Per Share (EPS): $2.16, up 12% year-over-year. Organic Sales Growth: 1.5% across all business groups. Operating Margins: Increased by 290 basis points year-on-year. Free Cash Flow: $1.3 billion with a 110% conversion rate. Revenue Growth by Geography: China up mid-single digits; US up low single digits; Europe flat. Adjusted Operating Margins: 24.5%, up 290 basis points. Safety and Industrial Organic Sales Growth: 2.6% in Q2. Transportation and Electronics Organic Sales Growth: 1% in Q2. Consumer Business Organic Sales Growth: 0.3% in Q2. Shareholder Returns: $3 billion returned via dividends and share repurchases in the first half. Updated EPS Guidance: Increased to a range of $7.75 to $8.00. Free Cash Flow Conversion Guidance: Expected to be higher than 100% for the year. Warning! GuruFocus has detected 6 Warning Signs with MMM. Release Date: July 18, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points 3M Co (NYSE:MMM) reported a strong second quarter with adjusted earnings per share of $2.16, up 12% from the previous year and exceeding expectations. The company achieved organic sales growth of 1.5%, marking the third consecutive quarter of positive growth across all business groups. Operating margins increased by 290 basis points year-on-year, driven by productivity improvements and cost controls. 3M Co (NYSE:MMM) launched 64 new products in Q2, a 70% increase from the previous year, contributing to a healthy product pipeline. The company returned $3 billion to shareholders in the first half of the year through dividends and share repurchases, demonstrating strong capital deployment. Negative Points The macroeconomic environment remains sluggish, with global economic indicators such as IPI and GDP showing little improvement. The automotive and consumer electronics sectors are expected to face challenges in the second half due to slower demand and industry pressures. 3M Co (NYSE:MMM) faces ongoing legal challenges related to PFAS, with over 30 state attorney general cases still pending. The company anticipates a gross tariff impact of $0.20 per share for the year, which will affect second-half margins. Stranded costs are expected to increase in the second half, impacting overall profitability. Q & A Highlights Q: Can you discuss the impact of new product launches on margins and growth, and when you expect to see growth above your end markets? A: William Brown, CEO: We are seeing improvements in our 5-year sales, up 9% in the first half and expected to reach 15% for the year. We launched 64 new products in Q2, up 70% from last year. We expect these innovations to improve both growth and margins as they stabilize in production and deliver better customer value. Q: How are you managing operational costs, and what are the sources of operational upside? A: William Brown, CEO: We are achieving about $0.5 billion in productivity, split between G&A and supply chain improvements. This includes cost per quality reductions, procurement savings, and better cost controls. Anurag Maheshwari, CFO, added that IT optimization and indirect expense management are key areas of G&A savings. Q: Can you elaborate on the tariff impacts and how they are being managed in your guidance? A: William Brown, CEO: We have included a $0.20 net tariff impact in our guidance, offset by cost and sourcing changes and pricing. The gross impact is about $140 million, with half offset by cost savings and sourcing, and the other half by price adjustments. Q: What are your expectations for the second half of the year in terms of organic growth and margins? A: Anurag Maheshwari, CFO: We expect approximately 2.5% organic growth in the second half, with similar growth in Q3 and Q4. Margins are expected to be around 22.5% in the second half, impacted by tariffs, stranded costs, and increased investments, but still showing year-over-year improvement. Q: How is the PFAS litigation progressing, and what are your thoughts on the potential liabilities? A: William Brown, CEO: We settled with New Jersey for site-specific and statewide claims, spreading payments over 25 years. We are managing over 30 other state AG cases and personal injury suits. We are exiting PFAS manufacturing by year-end and maintaining cash flexibility to handle these issues. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
3M Co (MMM) Q2 2025 Earnings Call Highlights: Strong EPS Growth Amidst Global Challenges
Adjusted Earnings Per Share (EPS): $2.16, up 12% year-over-year. Organic Sales Growth: 1.5% across all business groups. Operating Margins: Increased by 290 basis points year-on-year. Free Cash Flow: $1.3 billion with a 110% conversion rate. Revenue Growth by Geography: China up mid-single digits; US up low single digits; Europe flat. Adjusted Operating Margins: 24.5%, up 290 basis points. Safety and Industrial Organic Sales Growth: 2.6% in Q2. Transportation and Electronics Organic Sales Growth: 1% in Q2. Consumer Business Organic Sales Growth: 0.3% in Q2. Shareholder Returns: $3 billion returned via dividends and share repurchases in the first half. Updated EPS Guidance: Increased to a range of $7.75 to $8.00. Free Cash Flow Conversion Guidance: Expected to be higher than 100% for the year. Warning! GuruFocus has detected 6 Warning Signs with MMM. Release Date: July 18, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points 3M Co (NYSE:MMM) reported a strong second quarter with adjusted earnings per share of $2.16, up 12% from the previous year and exceeding expectations. The company achieved organic sales growth of 1.5%, marking the third consecutive quarter of positive growth across all business groups. Operating margins increased by 290 basis points year-on-year, driven by productivity improvements and cost controls. 3M Co (NYSE:MMM) launched 64 new products in Q2, a 70% increase from the previous year, contributing to a healthy product pipeline. The company returned $3 billion to shareholders in the first half of the year through dividends and share repurchases, demonstrating strong capital deployment. Negative Points The macroeconomic environment remains sluggish, with global economic indicators such as IPI and GDP showing little improvement. The automotive and consumer electronics sectors are expected to face challenges in the second half due to slower demand and industry pressures. 3M Co (NYSE:MMM) faces ongoing legal challenges related to PFAS, with over 30 state attorney general cases still pending. The company anticipates a gross tariff impact of $0.20 per share for the year, which will affect second-half margins. Stranded costs are expected to increase in the second half, impacting overall profitability. Q & A Highlights Q: Can you discuss the impact of new product launches on margins and growth, and when you expect to see growth above your end markets? A: William Brown, CEO: We are seeing improvements in our 5-year sales, up 9% in the first half and expected to reach 15% for the year. We launched 64 new products in Q2, up 70% from last year. We expect these innovations to improve both growth and margins as they stabilize in production and deliver better customer value. Q: How are you managing operational costs, and what are the sources of operational upside? A: William Brown, CEO: We are achieving about $0.5 billion in productivity, split between G&A and supply chain improvements. This includes cost per quality reductions, procurement savings, and better cost controls. Anurag Maheshwari, CFO, added that IT optimization and indirect expense management are key areas of G&A savings. Q: Can you elaborate on the tariff impacts and how they are being managed in your guidance? A: William Brown, CEO: We have included a $0.20 net tariff impact in our guidance, offset by cost and sourcing changes and pricing. The gross impact is about $140 million, with half offset by cost savings and sourcing, and the other half by price adjustments. Q: What are your expectations for the second half of the year in terms of organic growth and margins? A: Anurag Maheshwari, CFO: We expect approximately 2.5% organic growth in the second half, with similar growth in Q3 and Q4. Margins are expected to be around 22.5% in the second half, impacted by tariffs, stranded costs, and increased investments, but still showing year-over-year improvement. Q: How is the PFAS litigation progressing, and what are your thoughts on the potential liabilities? A: William Brown, CEO: We settled with New Jersey for site-specific and statewide claims, spreading payments over 25 years. We are managing over 30 other state AG cases and personal injury suits. We are exiting PFAS manufacturing by year-end and maintaining cash flexibility to handle these issues. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Insider
a day ago
- Business
- Business Insider
MMM Earnings: 3M Stock Rallies on Strong Q2 Beats
3M (MMM) stock rallied on Friday after the technology company posted its Q2 2025 earnings report. This report began with adjusted earnings per share of $2.16, which beat Wall Street's estimate of $2.01. It was also a 12% increase year over year from $1.93. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Revenue reported by 3M in Q2 2025 was $6.3 billion, another beat compared to analysts' estimate of $6.12 billion. This was also up 1.4% year over year. With that came a 0.6% increase in organic sales. 3M stock was up 4.22% in pre-market trading on Friday, following a 0.94% rally yesterday. This extended the company's 24.42% year-to-date increase and 53.04% gain over the past 12 months. 3M Guidance 3M updated its guidance for 2025 in its latest earnings report. The company now expects adjusted EPS to range from $7.75 to $8, alongside adjusted total sales growth of roughly 2.5%. Wall Street expects adjusted EPS of $7.67 and revenue of $24.01 billion for 2025. The 3M guidance update also included organic sales growth of 2% and adjusted operating cash flow of $5.1 to $5.5 billion. It noted this will contribute to greater than 100% adjusted free cash flow conversion. 3M Chairman and CEO William Brown said, 'With execution improving and solid results in the first half, we have confidence in our increased full-year EPS guidance, which now embeds the expected impact of tariffs.' Is 3M Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for 3M is Moderate Buy, based on six Buy, two Hold, and two Sell ratings over the past three months. With that comes an average MMM stock price target of $157.50, representing a potential 0.97% downside for the shares.
Hypebeast
a day ago
- Entertainment
- Hypebeast
Nike Wraps the Zoom Vomero 5 in "Olive Flak"
Name:Nike Zoom Vomero 5 'Olive Flak'SKU:IH1344-300Colorway:Olive Flak/Black-Quantum Moss-Picante RedRetail Price:$160 USDRelease Date:Fall 2025Retailers: TheNike Zoom Vomero 5continues to be a strong contender with the latest 'Olive Flak' colorway. The upcoming model arrives with a black mesh base and semi-hairy suede overlays in the titular 'Olive Flak' hue. A similar color combination lands on the panel and heel TPU caging, while a contrasting hit of red makes its way on to the leather panelNikeswoosh and other branding details such as the tongue tag, insoles and stamped mini heel check. The sneaker then rests on a black Cushlon foam midsole and outsole. Matching 'Olive Flak' laces tie the shoe together, while 3M detailing on the overlays deliver a subtle reflective finish.
