21 July 2023

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3M host investor event: July 25

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3M will host its second-quarter 2023 earnings conference call on Tuesday, July 25, at 8 a.m. CDT.

This event will be webcast live and a replay will be available on 3M's Investor Relations website at https://investors.3M.com.

The earnings call can be accessed at (800) 762-2596 within the U.S. or +1 (212) 231-2916 outside the U.S.

Previously, 3M's first-quarter highlights included:

• Company reports GAAP earnings per share of $1.76.
• Adjusted earnings per share of $1.97, excluding the impact of special items.
• Sales of $8.0 billion, down 9.0 percent year-on-year, with organic sales decline of 4.9 percent year-on-year, a 1.3 percent headwind from divestitures and a 2.8 percent headwind from foreign currency translation due to strength of U.S. dollar.
• Adjusted sales of $7.7 billion, down 9.7 percent year-on-year with adjusted organic sales decline of 5.6 percent year-on-year which included a 3.4 percentage point headwind from the decline in disposable respirator demand, along with the 2022 exit of Russia.
• Operating cash flow was $1.3 billion, up 26 percent year-on-year, while adjusted free cash flow was $0.9 billion, up 24 percent year-on-year.
• 3M returned $856 million to shareholders.

About 3M

3M (NYSE: MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. Learn how we're working to improve lives and make what's next at 3M.com/news or on Twitter at @3M or @3MNews.