3m Company · NYSE:MMM
3m — Q3 2025 Earnings Presentation
15 slides from 3m's earnings presentation, Oct 21, 2025
Slide 1: 2025 Third Quarter Earnings
2025 Third 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: Strong Q3 results, 3M eXcellence model driving momentum
3 Strong Q3 results, 3M eXcellence model driving momentum Q3 results: Priority areas of focus: • Sales $6.3B, • Established strong commercial eXcellence foundation organic growth 3.2% • Increasing op tempo … converting opportunities into wins Organic • Doubled cross-selling pipeline since Q2 … close
Slide 4: 3M outperforms in a soft macro
4 3M outperforms in a soft macro Macro trends End markets 3M organic growth % of H1 actual H2 vs. H1 Q3 actual / growth driver sales (at Q2 earnings) ~2% General + Industrial adhesives, electrical Global IPI +LSD Improving +MSD markets, abrasives, aerospace (as expected) industrial − Roofing granule
Slide 5: Performance agenda gaining traction
5 Performance agenda gaining traction framework 6.0% Safety & Industrial spotlight 90 4.1% • Commercial 4.0% OSG% OTIF 2.4% 2.5% 2.6% 87% 85 – Commercial management: Incentives, rhythm, pricing 2.0% 110 1.1% 0.9% 90 105 80 – Channel effectiveness: Planning, investing, cross-selling 0.0% 70 – Custome
Slide 6: Q3 2025 performance
6 Q3 2025 performance Sales ($M) Operating margin Earnings per share 24.7% $2.19 $6,318 23.0% $1.98 $6,068 +170 +10% +3.2% bps OSG Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 • Outperformed expectations driven by • Benefits from growth, productivity, and • +$0.25 operational commercial eXcellenc
Slide 7: Q3 2025 sales by business group
7 Q3 2025 sales by business group ($ millions) Safety & Industrial Transportation & Electronics Consumer OSG% $2,917 $1,992* $2,767 $1,913* $1,299 $1,312 +4.1% +3.6%* +0.3% Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 • 5 out of 7 divisions growing • All 5 divisions growing • 2 out of 4 divisions
Slide 8: 2025 guidance update
8 2025 guidance update FY 2025 guidance Updated (provided July 18, 2025 ) FY 2025 guidance Organic sales ~2% >2% growth Operating margin 150 to 200 bps 180 to 200 bps expansion Earnings per $7.75 to $8.00 $7.95 to $8.05 share +6% to 10% +9% to 10% Free cash flow >100% >100% conversion Updating guida
Slide 9: Tracking to our Investor Day commitments
9 Tracking to our Investor Day commitments 2025 2025 2026 & 2027 Investor Day Updated Investor Day Framing up FY 2026 guidance guidance outlook Planning for similar macro to 2025 Organic Outperform 2% to 3% >2% Innovation and commercial eXcellence sales growth macro driving organic growth above macr
Slide 10: Q&A
Q&A Bill Brown Chairman and CEO Anurag Maheshwari Chief Financial Officer Chinmay Trivedi Senior Vice President, Investor Relations and Financial Planning & Analysis 2025 Q3 Earnings | October 21, 2025. All rights reserved.
Slide 11: Q3 YTD 2025 performance
11 Q3 YTD 2025 performance Sales ($M) Operating margin Earnings per share $17,822 $18,256 24.2% $6.23 22.0% $5.62 +2.1% OSG +220 bps +11% Q3 YTD 2024 Q3 YTD 2025 Q3 YTD 2024 Q3 YTD 2025 Q3 YTD 2024 Q3 YTD 2025 • Positive growth in all three Business Groups • Benefits from growth, productivity, and •
Slide 12: Q3 YTD 2025 sales by business group
12 Q3 YTD 2025 sales by business group ($ millions) Safety & Industrial Transportation & Electronics Consumer OSG% $8,258 $8,519 $5,643* $5,752* $3,702 $3,706 +3.1% +1.9%* +0.3% Q3 YTD 2024 Q3 YTD 2025 Q3 YTD 2024 Q3 YTD 2025 Q3 YTD 2024 Q3 YTD 2025 • 5 out of 7 divisions growing • 4 out of 5 divisi
Slide 13: Q3 2025 business segment information
13 Q3 2025 business segment information Adjusted net Adjusted operating income Adjusted operating ($M) sales* Q3 2025 adjusted sales growth* (loss)* margin* Total Q3 Q3 Organic sales Q3 Q3 Percent Q3 Q3 Business Groups 2025 2024 growth FX M&A change 2025 2024 change 2025 2024 Safety & Industrial $2,
Slide 14: Q3 YTD 2025 business segment information
14 Q3 YTD 2025 business segment information Adjusted net Adjusted operating income Adjusted operating ($M) sales* Q3 YTD 2025 adjusted sales growth* (loss)* margin* Total Q3 YTD Q3 YTD Organic sales Q3 YTD Q3 YTD Percent Q3 YTD Q3 YTD Business Groups 2025 2024 growth FX M&A change 2025 2024 change 2
Slide 15: 3M eXcellence
3M |eXcellence