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CLAIM #42674 · 3M Company (MMM) · 2025Q4 earnings call · Jan 20, 2026 · due Dec 31, 2026

No. We are not seeing it being more margin dilutive.

William Brown · CEO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: Segment (electronics) operating margin trend as expansion into mainstream/cost-designed products continues

It came true if: Segment operating margin does not decline year-over-year (i.e., no margin degradation attributable to mainstream product mix)

Where: Company segment reporting (10-K/10-Q segment margin disclosures, quarterly earnings calls)

In context

ng, Steve. Just on that electronics point, so the reported revenues were down sequentially and also year over year. There do we just adjust that back to get to that mid-single digit for the fourth quarter? I mean, you said it was strong, but what was kind of the organic rate of growth? It is tough to tell from the sub-segment disclosure. Bill Brown: Yeah. It was in the mid-single digits. You know, what we are looking at in the tables is with PFAS. We exclude the PFAS out of the results. So when you exclude that, it is mid-single digits. Steve Tusa: Okay. And then when you are expanding into this mainstream area, is there any dilutive impact to margins at all? Or you kind of make up for it in the other end by being more efficient with some of the initiatives you are working on? Bill Brown: No. We are not seeing it being more margin dilutive. As we innovate here, develop products designed to cost, it is an important push that the team is making is designing more cost-effective products. Now we are not seeing any margin degradation. And so far, it has been good. It is early. You know, but it is the push we are making. And again, a lot of NPI in that space. Steve Tusa: Okay. Sorry. One more just for this year, the $500 million in I guess, litigation costs in 2025, how do you expect that to trend in that adjustment to trend in 2026? Bill Brown: It is probably going to be in line with that. I cannot really tell you if it is going to be up or down. I mean, it depends on what happens in the overall docket, but I would expect it to be, you know, pretty similar to that. Steve Tusa: Okay. Great. Thanks a lot. Operator: Our next questio

Verify independently

SEC filings for MMM · Claim quote is verbatim from the 2025Q4 earnings call.