Q3 2024 Earnings Conference Call

10-22-2024 • 8:00 AM CT

Company Information

Learn About 3M

At 3M, we apply science in collaborative ways to improve lives daily. Learn more about our company, our people, and the impact we make.

About 3M

Investor Overview

We are focused on creating value for customers and shareholders. Our leadership and expertise in material science innovation drives near and long-term growth opportunities.

View Investor Presentation

Industries

Our ideas and science help companies around the world create solutions. Core industries we serve include Automotive, Commercial Solutions, Consumer Markets, Design & Construction, Electronics, Energy, Government, Manufacturing, Safety and Transportation.

Latest Financial Results

Q3 2024

Quarter Ended Sep 30, 2024

Press Release
PDF
Presentation
Financial Statement Information
10-Q Filing
$6.1B

Adjusted sales*

$1.98

Adjusted earnings per share*

141%

Adjusted free cash flow conversion*

*Refer to 3M’s October 22, 2024, earnings release for descriptions and additional information on this non-GAAP measure.

For complete information regarding our financials, see our SEC filings.

Latest Annual Filing

For Fiscal Year Ended December 31, 2023

2023 Financial Results (reflective of 3M continuing operations as applicable)

$24.6B

Net sales

$23.3B

Adjusted net sales**

-4.4%

Adjusted organic sales change*

-1.0%

Adjusted impact of acquisitions, net of divestitures, on worldwide sales*

-0.6%

Adjusted impact of currency on worldwide sales*

($15.17)

GAAP earnings (loss) per share from continuing operations

$6.04

Adjusted earnings per share from continuing operations**

-43.4%

GAAP operating income margins

18.6%

Adjusted operating income margins**

*Non-GAAP measure. See Form 8-K dated Apr. 30, 2024 for details.
**Non-GAAP measure. See Form 8-K dated July 26, 2024 for details.

For complete information regarding our financials, see our SEC filings.


View Source

Explore our Business Groups

Previous Slide go to previous slide

Next Slide go to next slide

2023 GAAP Sales by Business Group (Continued Ops)

(in millions)

Source: Form 8-K dated July 26, 2024

2023 GAAP Sales by Geography (Continued Ops)

(in millions)

Source: Form 8-K dated July 26, 2024

Our Strategies

  • Actively managing business portfolio to drive growth faster than the markets and economies we serve
  • Investing capital in high growth, high return end-markets that benefit from 3M’s fundamental strengths
  • Accelerating digital capabilities and expanding the use of data and data analytics to better serve customers and improve operational agility and performance
  • Advancing sustainability commitments to reduce greenhouse gas emissions, improve water quality, and decrease dependence on virgin fossil-based plastic
  • Maintaining a strong balance sheet and generating robust cash flow to support investments in growth, productivity and sustainability while returning cash to shareholders

For complete information regarding our financials, see our SEC filings.

View Source

Safety & Industrial

(2023 GAAP sales in millions)

Source: Form 8-K dated July 26, 2024

Representative products/services

  • Respiratory, hearing, eye and fall protection solutions​
  • Structural adhesives and tapes
  • Industrial abrasives and finishing for metalworking applications
  • Electrical products and materials for construction and maintenance, power distribution and electrical original equipment manufacturers (OEMs)
  • Autobody repair solutions
  • Closure systems for personal hygiene products, masking, and packaging materials
  • Natural and color-coated mineral granules for shingles

For complete information regarding our financials, see our SEC filings.

View Source

Transportation & Electronics

(2023 GAAP sales in millions)

Source: Form 8-K dated July 26, 2024

Representative products/services

  • Light management films and electronics assembly solutions
  • Chip packaging and interconnection solutions
  • Semiconductor production materials
  • Solutions for data centers
  • Attachment/bonding, films, sound and temperature management for transportation vehicles
  • Premium large format graphic films for advertising and fleet signage
  • Advanced ceramic solutions
  • Reflective signage for highway, and vehicle safety

For complete information regarding our financials, see our SEC filings.

View Source

Consumer

(2023 GAAP sales in millions)

Source: Form 8-K dated July 26, 2024

Representative products/services

  • Retail abrasives, paint accessories, car care DIY products, picture hanging and consumer air quality solutions
  • Cleaning products for the home
  • Consumer bandages, braces, supports, and consumer respirators
  • Stationery products

For complete information regarding our financials, see our SEC filings.

View Source

IR Contacts

Transfer Agent

EQ Shareowner Services
P.O. Box 64854
St. Paul, MN 55164-0854
United States
Toll-Free: 800-401-1952
T: 651-450-4064
http://www.shareowneronline.com

Investor Relations

3M Investor Relations Department
Bldg. 223-02-N-20
St. Paul, MN 55144-1000
United States
T: 651-737-6523
investorrelations@3M.com

3M Help Center

Toll-Free: 800-364-3577
T: 651-737-6501
Help Center | Contact 3M United States