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CLAIM #42322 · 3M Company (MMM) · 2023Q2 earnings call · Jul 25, 2023 · due Jan 25, 2025

I would say in the long term, you should see trends continue to improve from an inventory turns perspective. Because as supply chains heal, as we get better on demand planning, that's why you're going to see it. So you will see it get better in the long run.

Monish Patolawala · CFO

PENDING
graded after results covering Jan 25, 2025 are reported

In context

rest of the company for the long term. And so that gets back to we're going to defend ourselves in court and we're going to work to resolve as appropriate. Operator: Our next question is from the line of Laurence Alexander with Jefferies. Dan Rizzo: This is Dan Rizzo for Laurence. Just a quick question on inventories that you've managed so well. How should we think about inventory turnover in the long run, I mean, over the next few years? What is kind of the go-forward thought process? Monish Patolawala: Yes. You -- as I've said before, as supply chains start to heal, one of our big opportunities or opportunities to continue driving cash flow as inventories. The teams have done a really nice job of starting to use data and data analytics. We are getting better at doing demand planning. So I would say in the long term, you should see trends continue to improve from an inventory turns perspective. Because as supply chains heal, as we get better on demand planning, that's why you're going to see it. So you will see it get better in the long run. Operator: That does conclude the question-and-answer portion of our conference call. I will now turn the call back over to Mike Roman for some closing remarks. Mike Roman: To wrap up, we continue to execute in a dynamic environment. While we see progress and positive momentum, we have more work to do. And we'll continue to advance our restructuring actions, control costs, strengthen our supply chain. At the same time, we will drive our strategic priorities, improving operational execution, successfully spinning off our Health Care business and addressing litigation. I thank 3Mers for their contributions and commitment, especially as we continue to lead through significant chain. We will stay focused on driving growth, improving operational performance and delivering value to customers and

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SEC filings for MMM · Claim quote is verbatim from the 2023Q2 earnings call.