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CLAIM #42536 · 3M Company (MMM) · 2024Q4 earnings call · Jan 21, 2025 · due Dec 31, 2025

So we feel very positive about that. So we see that getting a little bit better here in '25.

William Brown · CEO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

market there, but just more color as to when do you think these businesses could turn? Thank you. Bill Brown: So, good question. I mean, so both businesses in the year were down low-single digits. They're very different, Industrial Specialties is a grouping of lots of different pieces, some are growing, some are not. Overall, it's been declining, but we see that flattening out and starting to grow over time. On the Abrasives side, we should see a better '25 than '24. Part of it is because of the industrial economy. Part of it is because of the launch of a new product offering called Cubitron 3 that we launched over the last year. It's now moving into a variety of different instantiations of different Abrasive products. It's growing. It's got tremendous differentiation versus competitors. So we feel very positive about that. So we see that getting a little bit better here in '25. Part of it is because of the new products being introduced. So we think it's going to both turn the corner here in '25. Andrew Obin: But no commitment Q1, Q2, nothing more -- nothing specific like that. Bill Brown: It's a little bit granular. We'll come out. We probably can say more about this at the Investor Day when Chris talks about the individual components of his business, but nothing more today. You asked about the inventory in the channel, that's been pretty normalized. There's not any significant concerns one way or the other about inventory in the industrial channel. So that's not really the big driver here. Andrew Obin: Great. I appreciate it. See you in February. Thank you. Bill Brown: Thank you. Operator: Our next question comes from the line of Amit Mehrotra with UBS. Please

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SEC filings for MMM · Claim quote is verbatim from the 2024Q4 earnings call.