Jim Cramer reiterates bullish view on 3M

CNBC's Jim Cramer on Thursday reiterated his bullish view on 3M after the conglomerate delivered strong third-quarter earnings results.

The St. Paul, Minnesota-based company, which makes everything from Scotch tape and Post-It notes to dental floss and earmuffs, delivered a 2-cent beat on earnings at $1.98 per share. Its revenue, though, fell just shy of the average Wall Street analyst's expectations.

Read More3M earnings beat estimates

Perhaps more importantly, though, organic local-currency sales growth grew 3.9 percent, Cramer noted.

Inge G. Thulin, President and CEO of 3M Company.
Imaginechina | AP
Inge G. Thulin, President and CEO of 3M Company.

To Cramer, 3M's strength is thanks to the leadership of CEO Inge Thulin, who he praised as "one of the great managers of our time."

"He doesn't get a lot of credit. Why? Because he is certainly not a glory hound," Cramer said on "Squawk on the Street." "He is one of those people who just consistently puts up good numbers, and we all know behind-the-scenes he's delivering all over the world."

Citing negative impact from a stronger U.S. dollar, 3M narrowed its yearly financial targets, which Cramer chalked up as a "positive." After all, he thinks it's good to temper expectations. Besides, Thulin will simply create new product to drive growth anyway, Cramer said.

"Some managers invent a lot of new product and then get great numbers. Inge Thulin invents a huge amount of new product," he said. "Go to their website—it's really one of the most exciting websites I follow—and you'll see why 3M is winning."

DISCLOSURE: When this story was published, Cramer's charitable trust owned 3M.