Results reflect strong operational execution, progress on restructuring, and spending discipline
Well-positioned to continue improving performance, including continued expansion of adjusted operating margins3 in 2024
Health Care spin remains on track for first half of 2024
ST. PAUL, Minn., Jan. 23, 2024 /PRNewswire/ -- 3M (NYSE: MMM) today reported fourth-quarter and full-year 2023 results and provided its 2024 financial outlook.

"The fourth quarter capped a strong year for 3M," said 3M chairman and CEO Mike Roman. "Throughout 2023, we executed our priorities and delivered on our commitments – including expanding underlying operating margins and cash flow. We initiated actions to restructure our organization and simplify our supply chain, while progressing our Health Care spin and addressing legal matters."

"Our team remains focused on further improving our operational performance, optimizing our portfolio, and reducing risk," Roman continued. "We will continue to invest in high-growth markets where 3M's unique capabilities can make a difference, including automotive electrification, climate technology, and industrial automation. I am confident we will deliver a successful 2024."

Fourth-Quarter Highlights:
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https://news.3m.com/2024-01-23-3M-Delivers-Strong-Fourth-Quarter-Results-Improves-Operational-Performance-and-Exceeds-Earnings-and-Cash-Flow-Expectations