3m Company · NYSE:MMM
3m — Q2 2026 Earnings Presentation
15 slides from 3m's earnings presentation, Jul 21, 2026
Slide 1: 2026 Second Quarter Earnings
2026 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 Certain statements in this document, as well as other filings we make with the United States Securities and Exchange Commission (“SEC”) and other written and oral information we release are considered "forward-looking statements" under the federal securities laws, includ
Slide 3: Continuing to execute our strategy
3 Continuing to execute our strategy Q2 results: Value creation framework: • Sales $6.5B, • Results demonstrate progress toward building a higher- organic growth up 5.4% performing company • Operating margin 24.9%, • Accelerating momentum on commercial eXcellence … up 40 bps Foundation now powered b
Slide 4: Strong execution driving growth acceleration
4 Strong execution driving growth acceleration End markets Organic growth Forward trends % of sales Q2 H1 H1 → H2 trend General + PMI expansion • Momentum in general + Industrial adhesives, electrical +HSD +MSD Similar industrial markets, abrasives, aerospace industrial and safety … benefit from com
Slide 5: Reigniting the innovation engine through material science
5 Reigniting the innovation engine through material science 5-year new product sales Solving customers’ toughest challenges New product launches Expanded Beam Optics (EBO) • Contactless, dust resistant optical connectors • Lower cost / Electronic installation times = ~$4B materials faster scale up ~
Slide 6: Driving revenue growth and margin expansion
6 Driving revenue growth and margin expansion 4.0% 3M organic sales growth (TTM) 3M @ work 3.0% 3.0% OI% (TTM) 2.1% 2.0% 1.2% 1.5% 23.6% ✓ Commercial 1.0% FY 2023 H1 2024 • Salesforce effectiveness 0.0% FY 2024 H1 2025 FY 2025 H1 2026 • Reducing churn -1.0% -2.0% -1.2% ✓ Innovation -3.0% 18.6% • Acc
Slide 7: Q2 and H1 2026 performance
7 Q2 and H1 2026 performance Sales ($M) Earnings per share Free cash flow ($M) +12% +7% $12,503 $4.54 $1,889 24.3% $1,348 79% +3.3% Margin OSG $2.40 Conv. $6,500 107% Conv. +5.4% 24.9% OSG Margin Q2 2026 H1 2026 Q2 2026 H1 2026 Q2 2026 H1 2026 • Continued order momentum with strength Q2 2026: • Stro
Slide 8: Q2 and H1 2026 sales by business group
8 Q2 and H1 2026 sales by business group ($ millions) Safety & Industrial Transportation & Electronics Consumer ~50% of sales ~30% of sales ~20% of sales OSG% $6,021 $3,914 $2,378 +5.7% +2.9% $3,091 $2,066 (1.7%) $1,247 +8.2% +5.9% (2.1%) Q2 2026 H1 2026 Q2 2026 H1 2026 Q2 2026 H1 2026 • Q2 2026: •
Slide 9: Raising full-year 2026 guidance
9 Raising full-year 2026 guidance April guidance Updated guidance Guidance assumptions • Strong H1 performance Organic sales • Continued momentum in general industrial, ~3% >3.5% safety, and data center growth • Soft consumer / consumer electronics • Volume and productivity Earnings per $8.50 to $8.
Slide 10: Continuing to track ahead of Investor Day targets
10 Continuing to track ahead of Investor Day targets Medium-term 2024 2025 2026 commitments actual actual guidance Trend: 2025-2027 Organic $1B growth 1.2% 2.1% >3.5% Accelerating Ahead sales growth over macro Operating 24.1% to ~25% margin 21.4% 23.4% Expanding Ahead margin 24.2% by 2027 $8.80 to G
Slide 11: Q&A
Q&A Bill Brown Chairman and CEO Anurag Maheshwari Chief Financial Officer Chinmay Trivedi Senior Vice President, Investor Relations and Financial Planning & Analysis 2026 Q2 Earnings | July 21, 2026. All rights reserved.
Slide 12: Q2 2026 business segment information
12 Q2 2026 business segment information Adjusted net Adjusted operating ($M) sales* Q2 2026 adjusted sales growth* Adjusted operating income* margin* Total Q2 Q2 Organic sales Q2 Q2 Percent Q2 Q2 Business Groups 2026 2025 growth M&A FX change 2026 2025 change 2026 2025 Safety & Industrial $3,091 $2,
Slide 13: H1 2026 business segment information
13 H1 2026 business segment information Adjusted net Adjusted operating ($M) sales* H1 2026 adjusted sales growth* Adjusted operating income* margin* Total H1 H1 Organic sales H1 H1 Percent H1 H1 Business Groups 2026 2025 growth M&A FX change 2026 2025 change 2026 2025 Safety & Industrial $6,021 $5,
Slide 14: Scott Safety + Madison Fire & Rescue (3M Sentorum)
14 Scott Safety + Madison Fire & Rescue (3M Sentorum) Key modeling data Impact to 3M (H2 2026 P&L) ~$450M +$200M H2 2026 sales (~$200M Madison, ~$250M SCBA) EBITDA Margin Mid-30s Additive ~$1.4B debt issued Higher interest expense Financing / cash proceeds $0.7B cash to 3M Higher interest income 3M
Slide 15: 3M eXcellence
3M |eXcellence