3M Maintains Outlook, Offers ‘Surgical’ Solutions to Tariffs

3M Co. shares jumped after it stood by its full-year financial guidance while acknowledging new risks from the unfolding trade war, with executives outlining its strategies to manage a turbulent business environment.

Tariffs will have a negative impact of as much as 40 cents a share on full-year earnings, the company said Tuesday in a statement as it reported first-quarter results. Still, 3M reaffirmed guidance for 2025 adjusted profit of $7.60 to $7.90 a share.

The company is looking at measures to mitigate tariffs, including shifting production to different countries, optimizing its network, and so-called “surgical price actions,” including possible ...