3M Company (MMM) Presents at Goldman Sachs Industrials and Materials Conference 2025 Transcript
3M Company (MMM) Goldman Sachs Industrials and Materials Conference 2025 December 4, 2025 8:00 AM EST
Company Participants
William Brown – CEO & Chairman
Conference Call Participants
Joseph Ritchie – Goldman Sachs Group, Inc., Research Division
Presentation
Joseph Ritchie
Goldman Sachs Group, Inc., Research Division
All right. Good morning, everybody. Welcome to day-2 of the Goldman Sachs Industrials and Materials Conference. My name is Joe Ritchie. I cover the multi-industry sector and also co-run the Industrials and Materials business unit. We’re really excited to kick off today with 3M. We have Bill Brown, the Chairman and CEO here.
Before we kick it off, I am required to make certain disclosures and public appearances about Goldman Sachs’ relationships, companies that we discuss, disclosures relate to investment banking relationships, compensation received or one or more percent ownership. We are prepared to read aloud disclosures for any issuer upon request. However, these disclosures are available in our most recent reports available to you as clients on our firm’s portal. So with that, Bill, thanks for joining us here today.
William Brown
CEO & Chairman
Great. Thanks for having me.
Question-and-Answer Session
Joseph Ritchie
Goldman Sachs Group, Inc., Research Division
So let’s kick it off. Look, it’s been 20 months. Talk a little bit about like how the operational discipline across the business has really changed? What’s been the most important structural change that you’ve driven so far? And what still needs to happen to kind of sustain this going forward?
William Brown
CEO & Chairman
Right. Well, thanks for having me again. In 20 months, it only feels like 19. So it’s been — time is really flying here. So no, it’s — we’re off to, I think, a very good start. We’re building momentum. But I’d say, we’re still early in the innings, early in our transformation journey at 3M. I think there’s 2 fundamental changes, I think, that are happening at
