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CLAIM #42637 · 3M Company (MMM) · 2025Q3 earnings call · Oct 21, 2025 · due Dec 31, 2026

So I think overall, you will see next year again to be a strong operating performance here.

Anurag Maheshwari · CFO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: Cumulative productivity/margin savings versus Investor Day 3-year target, next fiscal year (FY2026) contribution

It came true if: FY2026 incremental savings >= $300 million (in line with cumulative target of $400 million by end of FY2026)

Where: Company Investor Day target refresh / management commentary on quarterly earnings calls (FY2026)

In context

there. And come in January, we'll probably provide a refresh on where we stand on our 3-year targets. So as we get into '26, Amit, I think what we are going to see is continued outperformance versus the macro. What we laid out in Investor Day was $1 billion over 3 years, $100 million this year, $300 million next year and $600 million a year after cumulative of $1 billion. Just at our second half performance, you'll see that we have about $100 million for this year. And next year, we see a line of sight because of commercial excellence, NPI to get there. On the margin side, supply chain. We've done some good work this year in a couple of times, but there's still other areas in terms of the factory spend, whether we see more opportunities, we kind of drive that harder and G&A will continue. So I think overall, you will see next year again to be a strong operating performance here. And from where we sit today, we feel pretty good about where we laid out the Investor Day targets and provide more of a refresh in January. Amit Mehrotra: Okay. Great. And then, Bill, I just wanted to ask a question on the divestitures. I know you talked about the 2%, 3%. But if I remember correctly, that 2%, 3% was kind of part of this 10% of the 120 profit centers umbrella that you thought maybe would be better in the hands of other people. Are you -- do you feel like you can execute more towards that 10%? Or are we still in that 2% to 3% kind of envelope? And how do you kind of -- I know this most recent divestiture is not dilutive to earnings, as you talked about, but just curious about how you balance the divestitures or the magnitude of divestitures with maybe the EPS impact to the

Verify independently

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