CLAIM #42669 · 3M Company (MMM) · 2025Q4 earnings call · Jan 20, 2026 · due Dec 31, 2026
“So you know, our outperformance, you know, this year versus the macro is more like $300 million or more.”
William Brown · CEO
How to check this claim
Look at: Company's revenue outperformance versus estimated macro/IPI growth, fiscal year 2026 (self-reported by management, calculated as actual revenue growth minus macro growth rate applied to base)
It came true if: Outperformance versus macro >= $300 million as stated/calculated by management
Where: Management commentary on FY2026 earnings calls (Q4 2026 / full-year results call) or investor presentations discussing organic growth versus macro/IPI benchmark
In context
“erall macro to be around a point and a half. That is IPI GDP with some sectors that were a bit weaker. You know, was where we see it. So we saw ourselves with about 60 basis points of help performance versus the macro. If you just run the math that gives you about $150 million. So a little bit better than we had expected to be a 100 million over macro last year. You know, and the majority of that probably 75% of it or more was commercial excellence. Less of that was new product introductions. But we did say that that would start to even out in an or innovation would take over in that third year. And that is in fact what we are seeing in 2026. So we are guiding here at 3%. You know, we expect the macro, in 2026 to be a little bit better one five, maybe one seven range, something like that. So you know, our outperformance, you know, this year versus the macro is more like $300 million or more. And that is roughly half and half between NPI and commercial excellence. So that is how we see this playing out. Yeah, the back half of the last year, you know, did show that. We did outperform the macro. A lot of it was that your phrase, Julian, was carrying it on our shoulders. And you know, we expect to see more of that, you know, coming into 2026. We are launching more projects, which is very good. We are getting a lot more granular tracking the incremental revenue coming from class threes, fours, and fives. And as we look out into next year, you know, we are pretty confident that those are going to start to move the needle for the company, which is why we feel good about the outgrowing the macro here in '26. Julian Mitchell: Great. Thank you. You bet. Operator: Our next question come”
Verify independently
SEC filings for MMM ↗ · Claim quote is verbatim from the 2025Q4 earnings call.