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CLAIM #42633 · 3M Company (MMM) · 2025Q3 earnings call · Oct 21, 2025 · due Dec 31, 2027

this is all about how do you grow and accelerate our margin expansion journey beyond 25% by '27, that's not where we're going to stop.

William Brown · CEO

PENDING
graded after results covering Dec 31, 2027 are reported

How to check this claim

Look at: Company-wide operating margin (as reported, full fiscal year)

It came true if: Full-year operating margin for FY2027 > 25%

Where: Company income statement / annual report (10-K) and management commentary on FY2027 results

In context

be maybe more of a series of actions that I think will happen over time, more aligned to the long-term growth agenda of the company, more aligned to what the team can go and do. We'll evolve this in a thoughtful way so we don't disrupt the business, disrupt the momentum we're building on new product introductions and driving operational efficiency. So this is something that we're going to continue to work on. We don't size it today. We'll give updates to investors over time. It will not be a big bang. We'll shape more next quarter. This quarter of $14 million next quarter. It will be in that same range, about $15 million. As we get to early next year, we'll sort of frame it up for 2026. But this is something that will happen over time. We'll provide some updates on what we want to do. But this is all about how do you grow and accelerate our margin expansion journey beyond 25% by '27, that's not where we're going to stop. A lot of the ideas we're seeing here today are going to be important ways of both returning earnings to owners as well as reinvesting back in the business. And if anything, I'm seeing more opportunities today than we saw 6, 8 months ago when we had the Investor Day. Jeffrey Sprague: Great. And then maybe just back on the growth real quick. So it sounds like the upside to the top line view here, I know you can't probably perfectly parse it apart, but really isn't a better macro outlook. There's a bunch of pluses and minuses in the macro, but you would point to just more traction on the new product-related actions. And maybe just as part of answering that, Bill, you made a comment about special pricing actions, limiting them, did you get the price in Q3 you were talking about? Or you decide

Verify independently

SEC filings for MMM · Claim quote is verbatim from the 2025Q3 earnings call.