CLAIM #42631 · 3M Company (MMM) · 2025Q3 earnings call · Oct 21, 2025 · due Dec 31, 2027
“This will grow over time. And again, it's -- we're not going to be at 50-50 Class 3 versus Class 4s and Class 5s, but you'll see more 4s and 5s come in into the pipeline into next year and into 2027.”
William Brown · CEO
How to check this claim
Look at: Mix of new product launches by class, Class 4/Class 5 share of total launches (as reported/discussed by management)
It came true if: Class 4/Class 5 launch share increases from the current ~20% baseline by 2027
Where: management commentary on earnings calls (product launch mix disclosures) through 2027
In context
“tually back to creating new categories again and driving that top line above kind of that traditional Class 3, as you call it, new product innovation. William Brown: So Scott, so about 80% of the launches are a Class 3 means 20% in Class 4, Class 5, which are adjacent markets or bringing new products into new markets. And we've seen a couple of this year that are quite interesting, particularly in our electrical market. It was a cable prep system, which is which is a Class 4, Class 5 product, that's really growing very nicely. Look, as the team really pushes on this, I do think there's incremental ideas that we're working on. Clearly, we're seeing a bit better growth in the macro here in the quarter. The macro is running in the 1% to 2% range. So posting 3.2 in the quarter is pretty good. This will grow over time. And again, it's -- we're not going to be at 50-50 Class 3 versus Class 4s and Class 5s, but you'll see more 4s and 5s come in into the pipeline into next year and into 2027. Operator: Our next question comes from the line of Jeff Sprague with Vertical Research. Jeffrey Sprague: I wanted to touch on kind of the beginning of this maybe new restructuring journey that you're on. Bill, I know even from the day you started maybe before you started, you had sort of a vision of what should happen with this footprint, and now you've had a lot of time to be inside and really kicked the tires. I just wonder if you could give us a sense of is this the beginning of a 2 or 3-year very large project. Have you even really mapped this out yet. And sort of like what should we expect as we get into maybe 2026 as it relates to these new restructuring actions. William Brown: So thanks, Jeff. Look, Anurag talked about in his remarks that it's unlike the prior restructuring effort,”
Verify independently
SEC filings for MMM ↗ · Claim quote is verbatim from the 2025Q3 earnings call.