2023 Q3 Earnings
Advancing our priorities in Q3:
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Driving performance
throughout 3M
Strong operational execution delivered 160 bps of YoY
adjusted operating income margin expansion; sequential
improvement across all business groups
Progressing with restructuring to streamline the organization
by reducing structural cost, and optimizing commercial
models to be closer to customers
Advancing supply chain performance to improve service,
drive productivity and yield, expand gross margins, and
increase cash conversion
• Positioning 3M for future growth, including investments in
automotive electrification, climate technology, and industrial
automation
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Spinning off
Health Care
Progressing toward 1H 2024 completion.
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Building strong leadership team and Board
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Reducing risk
and uncertainty
Announced settlement agreement intended to
resolve all Combat Arms Earplugs claims
Court granted preliminary PFAS settlement
agreement approval
2023 Q3 Earnings | October 24, 2023. All rights reserved.
3M
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