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 Wolfe Research LLC Inaugural Reshoring Conference Transcript

Dec 05, 2023 / 01:20PM GMT

Release Date Price: €73.1

Transcript

Nigel Edward Coe

Wolfe Research, LLC - MD & Senior Research Analyst

Chairman and CEO of 3M, thanks, Mike; and Bruce Jermeland who runs IR at 3M. So, Mike, thanks for the time. We're going to obviously have a good Q&A session. For those dialed into the webcast, please feel free to throw a question, and if we have time, I'll see if we can get to those questions. But Mike, I know you've got some opening remarks, so please go ahead.

Michael F. Roman

3M Company - Chairman & CEO

Yes. Thank you, Nigel, and good morning. Thanks for inviting us to the conference. So just maybe a couple of comments. We continue to execute on our priorities that we called out in our Q3 earnings call. First of those is driving performance throughout 3M, and we drove solid third quarter results. You saw that in our adjusted operating margins and cash flow.

We continue to make progress on some of the big strategies that we're executing there. We're progressing with the restructuring actions that we announced back in our Q1 earnings call to streamline our organization,

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