3M (MMM) Q2 2025 Earnings Call Transcript
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3M (NYSE:MMM) management attributed margin expansion to balanced G and supply chain productivity, which together contributed about half a billion dollars of productivity for the year, and substantial G savings from IT optimization and reduced indirect expenses. The company implemented a commercial excellence initiative in Safety and Industrial, now replicated in other segments, using advanced analytics to drive sales effectiveness and reduce churn. The initiative, first launched in Safety and Industrial, was expanded to other business groups in Q2 2025. Cash deployment remained disciplined, with a recent New Jersey PFAS settlement spreading payments over 25 years and ongoing management of remaining legal exposures. Guidance for 2025 assumes the majority of the tariff impact will be mitigated by cost controls and pricing, amid a stable macro environment and segment-specific end-market variations.
Source Fool.com
