MAAT INDEX

CLAIM #42607 · 3M Company (MMM) · 2025Q2 earnings call · Jul 18, 2025 · due Dec 31, 2025

again, it will slow down, but still be up for the year.

William Brown · CEO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

ming into the year. Early in the year, we were thinking it's low single digits, it's been mid-single digits in the front half. We do expect it will slow down in the back half. That's embedded in our numbers. For us, it's roughly half is domestic, half is export. And both were performing very well. It's some of the local stimulus happening in China for appliances, white goods, which we sell a lot of tape products into as well as their export market, a lot of which was electronics. Again, that for us has been pretty healthy. But again, we do see it softening in the back half of the year. We're committed to China. It's a big part of the company in 7 factories, 5,000 people there. And we have a great team, great business, really driving a great job on commercial excellence there in China. And again, it will slow down, but still be up for the year. Operator: Our next question comes from the line of Nicole DeBlase with Deutsche Bank. Nicole DeBlase: Maybe just starting with the demand trends through the quarter. I guess there's still been some concern out there that we've heard about like whether there was any sign of tariff prebuy, it seems like we're kind of on the verge of tabling that. So I just wanted to hear your thoughts, Bill, and if what you've seen through July kind of gives conviction that prebuy wasn't really a factor. William Brown: So it's not -- so it's hard to discern that. There's probably a little bit hanging out there, but it's not substantial, anything that might happen from Q2 into Q1, we see Q3 coming into Q2. So it's -- I don't think the prebuy is an issue. For the quarter, our orders were up low single digits

Verify independently

SEC filings for MMM · Claim quote is verbatim from the 2025Q2 earnings call.