A strong U.S. dollar is creating currency exchange headwinds for 3M, leading the multinational corporation on Tuesday to lower its forecast for the year.
3M saw a dip in sales during the third quarter, which ended Sept. 30, on lower demand for disposable respirators and costs associated with divestitures.
"We continue to position 3M for the future through investments for growth, productivity and sustainability, along with active portfolio management," said Mike Roman, chief executive of 3M, in a statement.
