MAAT INDEX

CLAIM #42339 · 3M Company (MMM) · 2023Q3 earnings call · Oct 24, 2023 · due Dec 31, 2024

our capital allocation, first priority is going to be investing in organic growth in R&D and CapEx.

Mike Roman · CEO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

improvement in our execution, stronger performance, improved margins. And so that was really the foundation of that restructuring. And so I think part of the answer to your question is we took those decisions to lean out the center of the Company, simplify our supply chain, streamline our go-to-market models. Those are a foundation for the future of 3M. And those are -- you can see starting to demonstrate that we can drive improved financial performance for the Company. And that's -- we expect that to be a foundation for the future as well. I even talked about this is with that performance starting to build some momentum, we can accelerate how we view the future. And then you are talking about investing in growth and innovation and productivity and sustainability. And we'll continue to be our capital allocation, first priority is going to be investing in organic growth in R&D and CapEx. And really, thinking of and targeting high-growth market spaces, places where we can differentiate ourselves with our innovation capabilities where we can be aligned to emerging market trends. So I think that how we prioritize that investment is going to be aligned with where we see that ability to make a difference. So both are important foundations for the future. Operator: Our next question comes from Andrew Obin with Bank of America. You may proceed with your question. Andrew Obin: Yes. Good morning. Just a question on electronics. It's been a headwind for a while. What KPIs are you looking at? When do you think -- and I think you said that was broadly in line with expectations. But when do you see the light at the end of the tunnel? When does it bottom -- what does it take for this b

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SEC filings for MMM · Claim quote is verbatim from the 2023Q3 earnings call.