3M Co (MIL:1MMM)

€ 123.52 -0.4 (-0.32%) Market Cap: 67.34 Bil Enterprise Value: 73.63 Bil PE Ratio: 16.29 PB Ratio: 15.13 GF Score: 40/100

3M Co at JPMorgan Industrials Conference Transcript

Mar 15, 2023 / 12:50PM GMT

Transcript

Charles Stephen Tusa

JPMorgan Chase & Co, Research Division - MD

Hey, everyone. My name is Steve Tusa. I'm the Electrical Equipment and Multi-industry analyst here at JPMorgan. Welcome to day 2 of the JPMorgan Industrials Conference. We're very pleased to kick it off today with 3M and Monish Patolawala, who is the CFO at 3M. Monish has a few opening remarks, then we'll jump right into Q&A.

Monish D. Patolawala

3M Company - Executive VP and Chief Financial & Transformation Officer

Great. Thanks for having us, Steve. I just thought I'd get -- I'll just give a few opening remarks to get everybody caught up on generally what's been going on with 3M over the last couple of years. 2022 was a pivotal year for 3M. And when you just think about a couple of things. On the operating side, we continue to manage inflation through price actions. We made sure that we took care of our customers shorten cycle times, and we focused on making sure that we kept their factories running and their shops running versus ours. And then we also made sure that we've made

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