3m Company · NYSE:MMM
3m — Q2 2025 Earnings Presentation
14 slides from 3m's earnings presentation, Jul 18, 2025
Slide 1: 2025 Second Quarter Earnings
2025 Second Quarter Earnings (unaudited) Bill Brown Anurag Maheshwari Chinmay Trivedi Chairman and CEO Chief Financial Officer Senior Vice President, Investor Relations and Financial Planning & Analysis
Slide 2: Forward-looking statements
2 Forward-looking statements This document contains forward-looking statements. You can identify these statements by the use of words such as “plan,” “expect,” “aim,” “believe,” “project,” “target,” “anticipate,” “intend,” “estimate,” “will,” “should,” “could,” “would,” “forecast,” “future,” “outloo
Slide 3: Solid Q2 results, continuing to advance priorities
3 Solid Q2 results, continuing to advance priorities Q2 results: Priority areas of focus: • Sales $6.2B, • Launched 126 new products in the first half organic growth 1.5% • On track to exceed full year goal of 215 Organic • 5-year new product sales up 9% in H1, accelerating in H2 • Operating margin
Slide 4: Resilient performance despite uneven macro environment
4 Resilient performance despite uneven macro environment Macro trends 3M organic growth rate trends January Current H1 actual H2 trend (vs. H1) General Global IPI ~2% ~2% + LSD Improving industrial Safety + LSD Improving PMI Expanding Contracting Similar / Auto - MSD improving Global ~Flat ~Flat aut
Slide 5: Q2 2025 performance
5 Q2 2025 performance Sales ($M) Operating margin Earnings per share 24.5% $2.16 $6,158 $1.93 $6,019 21.6% +290 +12% +1.5% bps OSG Q2 2024 Q2 2025 Q2 2024 Q2 2025 Q2 2024 Q2 2025 • Third quarter in a row with all three • Benefits from growth, productivity, lower • +$0.33 operational Business Groups
Slide 6: Q2 2025 sales by business group
6 Q2 2025 sales by business group ($ millions) Safety & Industrial Transportation & Electronics Consumer OSG% $2,759 $2,857 $1,907* $1,944* +2.6% $1,263 $1,270 +1.0%* +0.3% Q2 2024 Q2 2025 Q2 2024 Q2 2025 Q2 2024 Q2 2025 • 6 out of 7 divisions growing • 4 out of 5 divisions growing • 3 out of 4 divi
Slide 7: 2025 guidance update
7 2025 guidance update January guidance April update Updated guidance (excludes tariff impact) (includes tariff impact) Organic sales 2% to 3% lower end of 2% to 3% ~2% growth Operating margin 130 to 190 bps higher end of 130 to 190 bps 150 to 200 bps expansion Earnings per $7.60 to $7.90 $7.60 to $
Slide 8: 2025 guidance update
8 2025 guidance update Full year EPS update Key drivers Prior guidance $7.60 to $7.90 • Full year vs. prior guidance – Strong momentum on productivity Operational (incl. tariff offsets) +$0.23 – Metering increase in YoY investments in response to demand Productivity +$0.16 softening (ad merch) and e
Slide 9: Q&A
Q&A Bill Brown Chairman and CEO Anurag Maheshwari Chief Financial Officer Chinmay Trivedi Senior Vice President, Investor Relations and Financial Planning & Analysis 2025 Q2 Earnings | July 18, 2025. All rights reserved.
Slide 10: H1 2025 performance
10 H1 2025 performance Sales ($M) Operating margin Earnings per share $11,754 $11,938 24.0% $4.04 $3.64 21.5% +1.5% +250 +11% OSG bps H1 2024 H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 • Positive growth in all three Business Groups • Benefits from growth, productivity, and • +$0.56 operational • Busine
Slide 11: H1 2025 sales by business group
11 H1 2025 sales by business group ($ millions) Safety & Industrial Transportation & Electronics Consumer OSG% $5,491 $5,602 $3,730* $3,760* +2.5% +1.0%* $2,403 $2,394 +0.3% H1 2024 H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 • 6 out of 7 divisions growing • 4 out of 5 divisions growing • 2 out of 4 div
Slide 12: Q2 2025 business segment information
12 Q2 2025 business segment information Adjusted net Adjusted operating income Adjusted operating ($M) sales* Q2 2025 adjusted sales growth* (loss)* margin* Total Q2 Q2 Organic sales Q2 Q2 Percent Q2 Q2 Business Groups 2025 2024 growth FX M&A change 2025 2024 change 2025 2024 Safety & Industrial $2,
Slide 13: H1 2025 business segment information
13 H1 2025 business segment information Adjusted net Adjusted operating income Adjusted operating ($M) sales* Q2 YTD 2025 adjusted sales growth* (loss)* margin* Total Q2 YTD Q2 YTD Organic sales Q2 YTD Q2 YTD Percent Q2 YTD Q2 YTD Business Groups 2025 2024 growth FX M&A change 2025 2024 change 2025
Slide 14: 3M eXcellence
3M |eXcellence