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CLAIM #42570 · 3M Company (MMM) · 2025Q1 earnings call · Apr 22, 2025 · due Dec 31, 2025

But you know, the team has been very smart and surgical about how we do this. So so we outside of the macro erosion, you know, we're not expecting much much demand deterioration from a volume perspective. Because of the way we're being smart about pricing.

William Brown · CEO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

an that, no, we have not modeled anything more. Bill Brown: Yeah. And we look we but, Anne, just to be clear on the pricing, we're trying to be pretty smart, strategic, and surgical about this. And we're not doing this without interaction with our customers. In many cases, when we put out a surcharge, it's through consultation with a distributor or a customer. There's some receptivity to a certain amount based upon the individual customer. For a period of time. You know, there's an understanding that that volume won't deteriorate. You know, if we if we start to get to a point later in the year where we we feel like we ought to be pushing price out to to accommodate or to offset more of the tariff. Risk and there's a volume impact, we're gonna have to sort of take that under consideration. But you know, the team has been very smart and surgical about how we do this. So so we outside of the macro erosion, you know, we're not expecting much much demand deterioration from a volume perspective. Because of the way we're being smart about pricing. Andrew Oben: And just a follow-up question on buybacks. Seems that you know, the buyback is there because folks are exercising their options. Why not be more aggressive? You know, you're doing a lot of good stuff operationally. It seems you know, a lot of momentum that's long term underway. Why not just take it, mention the stock weakness and be more aggressive? On stock buyback? What's the board's and your thinking on that Anurag Maheshwari: Yeah. It was and run the wrong here. It was just a little bit more on the timing side. Let me give you some colors. So know, as we ended last year, two out of the ten past two years out of the ten of the past ten years, options went the money. As and the 2015 options, which expired this year, were not in the money. And in February, they came into the

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SEC filings for MMM · Claim quote is verbatim from the 2025Q1 earnings call.