(Reuters) – U.S. industrial conglomerate 3M Co on Tuesday forecast 2025 adjusted profit largely in line with Wall Street estimates, as the company cut costs amid weak consumer spending on non-essential items.

The St. Paul, Minnesota-based company expects 2025 adjusted profit between $7.60 and $7.90 per share, while analysts expected an adjusted profit of $7.77 per share, according to data compiled by LSEG.