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CLAIM #42719 · 3M Company (MMM) · 2026Q1 earnings call · Apr 21, 2026 · due Dec 31, 2026

Yes, we see Q2 being better than Q1. And we see the second half being better than the first half, is the way we're currently looking at it, Jeff.

William Brown · CEO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: Organic revenue growth rate by quarter/half (Q1 vs Q2, H1 vs H2)

It came true if: Q2 organic growth rate > Q1 organic growth rate, AND H2 organic growth rate > H1 organic growth rate

Where: Company quarterly earnings releases and 10-Q/10-K organic growth disclosures

In context

ke about in the first 3 weeks of April, it gives us really confidence for acceleration of growth through the -- through second quarter. And typically, we do not talk about orders and sales because of the book and ship because they converge together. But this time, you could see the big spike. And as Bill mentioned, part of it could be the pre-buy, but a lot of it is commercial excellence, NPI and other initiatives that we are driving, which resulted in order acceleration. Jeffrey Sprague: Great. And then maybe just a quick follow-up then. Just a comment about then accelerating into the remainder of the year. By that, do you mean each quarter will be a faster growth quarter than the one that preceded it, even though the comps are getting tougher in the back half of the year? William Brown: Yes, we see Q2 being better than Q1. And we see the second half being better than the first half, is the way we're currently looking at it, Jeff. Operator: Our next question comes from the line of Scott Davis with Melius Research. Scott Davis: Just to follow up on Jeff's question. Are customer inventories low and there's a little bit of a restock occurring? Or are they balanced? How do you guys kind of see that element right now? William Brown: So we track it pretty carefully on the Safety and Industrial business group, the distribution inventory is relatively normal, I'd say maybe a tick below what we typically would see. We would typically see 65, 70 days, and it's a bit below that. On the Consumer side, it's about normalized from where we were last year, around 13 weeks of supply coming into the year was a bit higher, maybe 13.5. But right now, we're around 13. So on the Consumer side, fairly normal. On the Safety and Industrial

Verify independently

SEC filings for MMM · Claim quote is verbatim from the 2026Q1 earnings call.