Barclays 41st Annual Industrial Select Conference

02-22-2024 • 8:00 AM EST

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.

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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, Health Care, Manufacturing, Safety and Transportation.

Latest Financial Results

Q4 2023

Quarter Ended Dec 31, 2023

Press Release
PDF
Presentation
Financial Statement Information
10-K Filing
$7.7B

Adjusted sales*

$2.42

Adjusted earnings per share*

145%

Adjusted free cash flow conversion*

*Refer to 3M’s January 23, 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

2022 Financial Results

$34.2B

Net sales

$32.9B

Adjusted net sales*

+0.8%

Adjusted organic sales*

-0.5%

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

-3.9%

Adjusted impact of currency on worldwide sales*

$10.18

GAAP earnings per share

$9.88

Adjusted earnings per share*

19.1%

GAAP operating income margins

21.1%

Adjusted operating income margins*

86%

Adjusted free cash flow conversion*

Reflects Q1 2023 changes in measure of segment operating performance, segment composition, and non-GAAP measures. See Form 8-K dated Feb. 21, 2023, for details.

* Non-GAAP measure. See Form 8-K dated Feb. 21, 2023, for details.

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


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Explore our Business Groups

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2022 GAAP Sales by Business Group

(in millions)

Source: 8-K Feb. 21, 2023

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2022 GAAP Sales by Geography

(in millions)

Source: 2022 Annual Report on Form 10-K

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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

Reflects Q1 2023 changes in measure of segment operating performance, segment composition, and non-GAAP measures. See Form 8-K dated Feb. 21, 2023, for details.
For complete information regarding our financials, see our SEC filings.

Safety & Industrial

(2022 GAAP sales in millions)

Source: 8-K Feb. 21, 2023

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

Reflects Q1 2023 changes in measure of segment operating performance, segment composition, and non-GAAP measures. See Form 8-K dated Feb. 21, 2023, for details.
For complete information regarding our financials, see our SEC filings.

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Transportation & Electronics

(2022 GAAP sales in millions)

Source: 8-K Feb. 21, 2023

Representative products/services

  • Light management films and electronics assembly solutions
  • Packaging and interconnection solutions
  • Attachment tapes, 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

Reflects Q1 2023 changes in measure of segment operating performance, segment composition, and non-GAAP measures. See Form 8-K dated Feb. 21, 2023, for details.
For complete information regarding our financials, see our SEC filings.

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Health Care

(2022 GAAP sales in millions)

Source: 8-K Feb. 21, 2023

Representative products/services

  • Skin, wound care, and infection prevention products and solutions
  • Dentistry and orthodontia solutions
  • Health care procedure coding and reimbursement software
  • Filtration and purification systems

Reflects Q1 2023 changes in measure of segment operating performance, segment composition, and non-GAAP measures. See Form 8-K dated Feb. 21, 2023, for details.
For complete information regarding our financials, see our SEC filings.

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Consumer

(2022 GAAP sales in millions)

Source: 8-K Feb. 21, 2023

Representative products/services

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

Reflects Q1 2023 changes in measure of segment operating performance, segment composition, and non-GAAP measures. See Form 8-K dated Feb. 21, 2023, for details.
For complete information regarding our financials, see our SEC filings.

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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