2023 Q3 Earnings
Transportation & Electronics
Q3 2023 commentary
•
Adjusted organic growth performance
- Low-double digit increase in automotive and aerospace; low-single digit
increase in advanced materials
-
Mid-single digit decline in electronics, commercial solutions, and
transportation safety
Adjusted organic growth
-1.8%
Consumer electronics end-markets stabilizing; closely watching seasonal
demand trends
Adjusted operating margin up 460 bps YoY; up 650 bps sequentially
- YoY increase driven by:
■ Benefits from productivity actions, restructuring, strong spending
discipline, and price
■ Partially offset by lower sales volume and higher restructuring costs
2023 Q3 Earnings | October 24, 2023. All rights reserved.
Adjusted operating margin
26.3%
3M
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