CLAIM #42708 · 3M Company (MMM) · 2026Q1 earnings call · Apr 21, 2026 · due Dec 31, 2026
“free cash flow conversion of greater than 100%.”
Anurag Maheshwari · CFO
How to check this claim
Look at: Free cash flow conversion (free cash flow as a percentage of net income), fiscal year
It came true if: Free cash flow conversion > 100%
Where: Company-reported free cash flow and net income in fiscal year 10-K / Q4 earnings release
In context
“makes up a majority of the CBG revenue. By geography, in China, we again grew mid-single digits despite soft auto and consumer electronics end market as we executed on our key account strategy and launched local NPIs in a relatively strong industrial market. USAC was up slightly with mid-single-digit growth in industrials being offset by softness in Electronics and Consumer. Asia had another quarter of good growth, with India in the high teens as we drove higher sales coverage across the country. EMEA was down about 1% due to market weakness in auto. Moving to Slide 8. Though the macro remains uncertain, given our good performance in the first quarter, we are reiterating our guidance for the year. Organic sales growth of approximately 3%, earnings per share ranging from $8.50 to $8.70 and free cash flow conversion of greater than 100%. For sales, the strong backlog combined with continued strength in orders in the first 3 weeks of April gives us confidence that all 3 business groups will accelerate growth in the second quarter and through the balance of the year. On margins, we had a solid start with the 3 business groups growing 60 basis points despite 100 basis points year-on-year tariff impact. As we lap tariff pressure in the second half, the continued momentum on productivity and volume acceleration gives us confidence in our expectation of approximately 100 basis points margin expansion for business groups this year. On nonoperational, we expect positive trends driven by a $2 billion share repurchase in the first quarter and lower net interest expense. Overall, we are maintaining our EPS guidance, which includes a”
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SEC filings for MMM ↗ · Claim quote is verbatim from the 2026Q1 earnings call.