3M Results Presentation Deck
Q3 Business Group performance
Safety &
Industrial
Transportation
& Electronics
Health Care
Consumer
Segment
Organic Operating
Growth Margin
+6.1% 19.2%
+5.1%
+3.3%
19.0%
2021 Q3 Earnings - October 26, 2021. All rights reserved.
23.5%
+7.6% 21.7%
Commentary
Organic growth led by general industrial with strength in adhesives and tapes, and abrasives;
roofing granules down due to strong year-on-year comp; personal safety declined due to prior-
year strong COVID-related respiratory demand
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Disposable respirator sales declined 7% organically year-on-year, and 15% sequentially
Operating margins -6.5 ppts year-on-year; increases in raw materials, logistics and litigation-
related costs, partially offset by sales growth
Organic growth led by advanced materials, commercial solutions, transportation safety; auto
OEM continues to outpace global car and light truck builds; organic sales declined in
electronics due to continued impact of semiconductor constraints on customers
Operating margins -3.2 ppts year-on-year; increases in raw materials and logistics costs,
partially offset by sales growth
Organic growth led by food safety, oral care, and health information systems; declined in
medical solutions due to lower year-on-year disposable respirator sales
Operating margins +0.7 ppts year-on-year; improvement due to sales growth, partially offset
by rising raw materials and logistics costs
Continued strength in home improvement and home cleaning; improving office and stationery
demand driven by return-to-school
Operating margins -2.6 ppts year-on-year; increases in raw materials, logistics, outsourced
hardgoods manufacturing costs, partially offset by sales growth
3M
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