MMM

EX-99.1

2 q22026-8kerexx991.htm

EX-99.1

Document

Exhibit 99.1

3M Reports Second-Quarter 2026 Results; Increases Full-Year Guidance

•Q2 GAAP sales of $6.5 billion, up 2.4%; operating margin of 15.1%, down 290 bps; EPS of $1.78, up 33%, all YoY

◦Adjusted sales of $6.5 billion with organic growth of 5.4% YoY

◦Adjusted operating margin of 24.9%, up 40 bps YoY

◦Adjusted EPS of $2.40, up 11% YoY

•Q2 operating cash flow of $1.0 billion with adjusted free cash flow of $1.3 billion

•2026 adjusted EPS guidance increased from $8.50 - $8.70 to $8.80 - $8.95

ST. PAUL, Minn. – July 21, 2026 − 3M (NYSE: MMM) today reported second-quarter results.

“We delivered a strong second quarter, exceeding expectations with mid-single-digit sales growth, robust operating margins of about 25%, and double-digit EPS growth, reflecting the progress we’re making on our strategic priorities and building a higher-performing company,” said William Brown, 3M Chairman and CEO. “As a result of our strong first-half performance and continued momentum, we are increasing our full-year guidance and remain confident in our ability to create long-term value for shareholders. I want to thank the 3M team for their disciplined execution, dedication, and relentless focus on delivering innovative solutions for our customers.”

Second-quarter highlights:

Q2 2026

Q2 2025

GAAP EPS$1.78 $1.34

Special items:

Loss on business divestitures0.61 —

(Increase) decrease in value of Solventum ownership(0.60)0.01

Net costs for significant litigation and PFAS exit0.44 0.79

Transformation costs0.15 —

Business acquisition-related costs0.02 —

Manufactured PFAS products— 0.02

Adjusted EPS$2.40 $2.16

Memo:

GAAP operating income margin15.1 %18.0 %

Adjusted operating income margin24.9 %24.5 %

•GAAP EPS of $1.78 and operating margin of 15.1%.

•Adjusted EPS of $2.40, up 11% year-on-year.

•Adjusted operating income margin of 24.9%, an increase of 40 basis points year-on-year.

GAAPAdjusted (non-GAAP)

Net sales (billions)$6.5$6.5

Sales change

Total sales 2.4%5.5%

Components of sales change:

Organic sales2.35.4

Acquisitions/divestitures(0.6)(0.7)

Translation0.70.8

Adjusted sales excludes manufactured PFAS products.

•Sales of $6.5 billion, up 2.4% year-on-year with organic sales up 2.3% year-on-year.

•Adjusted sales of $6.5 billion, up 5.5% year-on-year with adjusted organic sales up 5.4% year-on-year.

•3M returned $1.4 billion to shareholders via dividends and share repurchases.

•Cash from operations of $1.0 billion.

•Adjusted free cash flow of $1.3 billion.

1

Strategic and operational highlights

The following are recently announced highlights:

•3M and Microsoft announced a strategic partnership to advance AI data center infrastructure and enterprise transformation. Microsoft becomes the first announced hyperscale cloud provider to deploy 3M Expanded Beam Optics (EBO) technology. Microsoft is a member of the EBO Multi-Source Agreement (MSA) which 3M helped establish to support standardization and broader industry adoption of EBO technology.

•3M and Airbus signed a long-term agreement to deliver advanced insulation technologies for the A220, improving cabin comfort while supporting aircraft performance and efficiency.

•3M has entered a multi‑year global partnership as the Cadillac Formula 1® Team’s Official Material Science Partner, leveraging advanced materials, manufacturing and testing to accelerate car development, enhance performance and streamline operations in one of the most demanding racing environments.

•3M launched Ask 3M, an AI digital assistant powered by AWS that gives customers fast, self-service access to technical expertise, enabling more efficient evaluation of materials, product comparisons, and resolution of application challenges.

•As a part of NASA’s Artemis II mission, the crew of the Orion capsule used 3M™ PELTOR™ ComTac™ VI Tactical Headsets for communication. These headsets are designed to enable communication in extreme environments and are one way 3M is supporting next-generation space exploration.

Updated full-year 2026 guidance1

3M updated its full-year 2026 guidance given the company’s performance in the first half of the year.

•Adjusted total sales growth2 of >4.5 percent, reflecting adjusted organic sales growth2 of >3.5 percent.

•Adjusted operating income margin expansion2 of 70 bps to 80 bps.

•Adjusted EPS2 in the range of $8.80 to $8.95.

•Adjusted operating cash flow2 of $5.8 to $6.0 billion, contributing to >100 percent adjusted free cash flow conversion2.

1Guidance does not yet reflect the acquisition of Madison Fire & Rescue, which closed on July 1, 2026.

2As further discussed at 5 within the "Supplemental Financial Information Non-GAAP Measures" sections, 3M cannot, without unreasonable effort, forecast certain items required to develop meaningful comparable GAAP financial measures and, therefore, does not provide them on a forward-looking basis reflecting these items.

Conference call

EX-99.1

2 q12026-8kerexx991.htm

EX-99.1

Document

Exhibit 99.1

3M Reports First-Quarter 2026 Results

•Q1 GAAP sales of $6.0 billion, up 1.3%; operating margin of 23.2%, up 230 bps; EPS of $1.23, down 40%, all YoY

◦Adjusted sales of $6.0 billion with organic growth of 1.2% YoY

◦Adjusted operating margin of 23.8%, up 30 bps YoY

◦Adjusted EPS of $2.14, up 14% YoY

•Q1 operating cash flow of $0.6 billion with adjusted free cash flow of $0.5 billion

•Reiterates full-year 2026 guidance

ST. PAUL, Minn. – April 21, 2026 − 3M (NYSE: MMM) today reported first-quarter results.

“We are executing on 3M’s value creation framework to build a stronger company,” said William Brown, 3M Chairman and CEO. “Our focus remains on improving execution of the fundamentals and transforming the company by simplifying and standardizing our processes and footprint and reshaping the portfolio. Together, these actions will drive structurally higher growth and stronger margin performance, while improving enterprise resilience and predictability.”

Brown added, “We had a good start to the year, and despite operating in a volatile environment, we remain confident in achieving our 2026 guidance while staying committed to our long-term strategy - investing in growth, driving operational performance, and returning cash to shareholders.”

First-quarter highlights:

Q1 2026

Q1 2025

GAAP EPS

$1.23 $2.04

Special items:

Net costs (benefit) from significant litigation (0.04)0.41

Loss on business divestitures 0.01 —

Manufactured PFAS products0.18 0.06

(Increase) decrease in value of Solventum ownership0.67 (0.63)

Transformation costs0.09 —

Adjusted EPS $2.14 $1.88

Memo:

GAAP operating income margin23.2 %20.9 %

Adjusted operating income margin23.8 %23.5 %

•GAAP EPS of $1.23 and operating margin of 23.2%.

•Adjusted EPS of $2.14, up 14% year-on-year.

•Adjusted operating income margin of 23.8%, an increase of 30 basis points year-on-year.

GAAPAdjusted (non-GAAP)

Net sales (billions)$6.0$6.0

Sales change

Total sales 1.3%3.9%

Components of sales change:

Organic sales(1.4)1.2

Acquisitions/divestitures(0.1)(0.1)

Translation2.82.8

Adjusted sales excludes manufactured PFAS products.

•Sales of $6.0 billion, up 1.3% year-on-year with organic sales down 1.4% year-on-year.

•Adjusted sales of $6.0 billion, up 3.9% year-on-year with adjusted organic sales up 1.2% year-on-year.

•3M returned $2.4 billion to shareholders via dividends and share repurchases.

•Cash from operations of $0.6 billion.

•Adjusted free cash flow of $0.5 billion.

1

Full-year 2026 guidance

3M reiterated the following full-year 2026 expectations.

•Adjusted total sales growth1 of ~4 percent, reflecting adjusted organic sales growth1 of ~3 percent.

•Adjusted operating income margin expansion1 of 70 bps to 80 bps.

•Adjusted EPS1 in the range of $8.50 to $8.70.

•Adjusted operating cash flow1 of $5.6 to $5.8 billion, contributing to >100 percent adjusted free cash flow conversion1.

1As further discussed at 4 within the "Supplemental Financial Information Non-GAAP Measures" sections, 3M cannot, without unreasonable effort, forecast certain items required to develop meaningful comparable GAAP financial measures and, therefore, does not provide them on a forward-looking basis reflecting these items.

Conference call

3M will conduct an investor teleconference at 9 a.m. ET (8 a.m. CT) today. Investors can access this conference via the following:

•Live webcast at https://investors.3M.com

•Webcast replay at https://investors.3m.com/financials/quarterly-earnings

Forward-looking statements

Certain statements in this document, as well as other filings we make with the United States Securities and Exchange Commission (“SEC”) and other written and oral information we release are considered "forward-looking statements" under the federal securities laws, including the Private Securities Litigation Reform Act of 1995, as amended (the "PSLRA"). Forward-looking statements may appear throughout this document and are typically identified by the words "aim," "anticipate," "believe," "can," "continue," "could," "estimate," "evaluate," "expect," "forecast," "future," "goal," "guidance," "impact," "initial," "intend," "likely," "may," "outlook," "plan," "possible," "potential," "predict," "probable," "project," "seek," "should," "strategy," "target," "will," "would," and other words that are similar to, or have the opposite meanings, of those words.

All forward-looking statements are intended to enjoy the protection of the PSLRA’s safe harbor for forward looking-statements, as well as the protections provided by other securities laws. Forward-looking statements speak only as of the date they are made and the Company assumes no obligation to update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

Although the Company believes it has a reasonable basis for the forward-looking statements it

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): January 20, 2026

3M COMPANY

(Exact Name of Registrant as Specified in Its Charter)

Delaware File No. 1-3285 41-0417775

(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

3M Center, St. Paul, Minnesota 55144-1000

(Address of Principal Executive Offices) (Zip Code)

(Registrant’s Telephone Number, Including Area Code) (651) 733-1110 Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, Par Value $.01 Per Share MMM New York Stock Exchange

MMM NYSE Texas, Inc.

1.500% Notes due 2026

MMM26

New York Stock Exchange

1.750% Notes due 2030

MMM30

New York Stock Exchange

1.500% Notes due 2031

MMM31

New York Stock Exchange

Note: The common stock of the Registrant is also traded on the SIX Swiss Exchange. Securities registered pursuant to section 12(g) of the Act: None Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company     ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the exchange Act.     ☐

Item 2.02. Results of Operations and Financial Condition On January 20, 2026, 3M Company issued a press release reporting fourth-quarter 2025 and full-year 2025 financial results and provided its full-year 2026 guidance (attached hereunder as Exhibit 99.1 and incorporated herein by reference).

Item 9.01. Financial Statements and Exhibits (d) Exhibits

Exhibit NumberDescription 99.1 Press Release, dated as of January 20, 2026, of 3M Company (furnished pursuant to Item 2.02 hereof).

104Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

3M COMPANY

By: /s/ Kevin H. Rhodes

Kevin H. Rhodes,

Executive Vice President, Chief Legal Affairs Officer and Secretary

Dated: January 20, 2026