MAAT INDEX

CLAIM #42769 · 3M Company (MMM) · 2026Q2 earnings call · Jul 21, 2026 · due Dec 31, 2026

So as we get into Q3, we feel good visibility, for this Q3 and the 2nd half of the year.

Anurag Maheshwari · CFO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: Revenue growth (organic/reported) for Q3 and second half of fiscal year

It came true if: Q3 and H2 revenue growth consistent with continued positive momentum, i.e. growth rate >= Q2's reported 5.4%

Where: Quarterly income statement / earnings release (Q3 and Q4 reports)

In context

typically seen. We as you said, we ended started the quarter with very good backlog. You know, if I look at April and May, it was probably 600 basis points better relative to other first 2 months of prior quarters. So it was quite, good as we went into the first 2 months of the quarter. And June, the order momentum kinda sustained as well because, you know, we did, have price increases which came with effect from May 1st. But just through the course of the quarter, we saw very good linearity and the team executed very well to post a 5.4% growth. We did see similar, as I said, order momentum in the second quarter like the first quarter, which strengthened the industrial side of the business. So our orders were up about 10% for the quarter. And backlog, about close to 20% up year over year. So as we get into Q3, we feel good visibility, for this Q3 and the 2nd half of the year. Obviously, we 75% of our business is booked and shipped. So we have to monitor as we go along. But so far, the first 2 weeks, orders and backlog look good. that is great. that is really encouraging. William Brown: And my next question is really, you mentioned consumer channel destock in the second half of June. So just wondering how long do you think this destock will happen Do you have any intel on how inventories look for 3M products? And then any color on how inventories are looking in FIBG and T and E? And selling the sell through color would be helpful as well. So inventory levels in SIBG and TEBG are normal. there is no discernible trend 1 way or another. Not a not a concern. You know, on CBG, look, I think what was encouraging is to continue to see the point of sale growth or sell

Verify independently

SEC filings for MMM · Claim quote is verbatim from the 2026Q2 earnings call.