Discontinued — last reported Q3 '24
Business Segments · Restructuring Charges
Health Care — Restructuring Charges
3M Health Care — Restructuring Charges increased by 950.0% to $21.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric declined by 59.6%, from $52.00M to $21.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ4 2018
Last reportedQ3 2024
Rolls up toRestructuring Charges
How to read this metric
High charges indicate significant operational changes or cost-cutting initiatives, which may temporarily reduce earnings but aim to improve future margins.
Detailed definition
These are costs associated with reorganizing the healthcare segment's operations, such as severance packages, facility c...
Peer comparison
Standard metric for companies undergoing operational transformation or cost-optimization programs.
Metric ID:
mmm_segment_health_care_restructuring_chargesHistorical Data
8 periods
| Q2 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q1 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|
| Value | $7.00M | $2.00M | $0.00 | $0.00 | $0.00 | $52.00M | $2.00M | $21.00M |
| QoQ Change | — | -71.4% | -100.0% | — | — | — | -96.2% | +950.0% |
| YoY Change | — | — | -100.0% | — | — | >999% | +0.0% | -59.6% |
Range$0.00 – $52.00M
CAGR+87.3%
Avg YoY Growth+585.1%
Median YoY Growth-29.8%
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Frequently Asked Questions
- What is 3M's health care — restructuring charges?
- 3M (MMM) reported health care — restructuring charges of $21.00M in Q1 2024.
- How has 3M's health care — restructuring charges changed year-over-year?
- 3M's health care — restructuring charges decreased by 59.6% year-over-year, from $52.00M to $21.00M.
- What does health care — restructuring charges mean?
- One-time expenses incurred to reorganize or downsize operations within the healthcare segment.