2024-04-30 12:43:01 ET
3M Company (MMM)
Q1 2024 Earnings Conference Call
April 29, 2024, 9:00 AM ET
Company Participants
Bruce Jermeland - Senior Vice President, Investor Relations
Mike Roman - Chairman and CEO
Monish Patolawala - President and CFO
Conference Call Participants
Julian Mitchell - Barclays
Nigel Coe - Wolfe Research
Andy Kaplowitz - Citi
Scott Davis - Melius Research
Andrew Obin - Bank of America
Joe Ritchie - Goldman Sachs
Steve Tusa - JPMorgan
Jeff Sprague - Vertical Research Partners
Brett Linzey - Mizuho
Joe O’Dea - Wells Fargo
Deane Dray - RBC Capital Markets
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the 3M First Quarter Earnings Conference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. [Operator Instructions]
As a reminder, this call is being recorded Tuesday, April, 2024. I would now like to turn the call over to Bruce Jermeland, Senior Vice President of Investor Relations at 3M.
Bruce Jermeland
Thank you, and good morning, everyone. And welcome to our first quarter earnings conference call. With me today are Mike Roman, 3M’s Chairman and Chief Executive Officer; and Monish Patolawala, our President and Chief Financial Officer. Mike and Monish will make some formal comments then we will take your questions.
Please note that today’s earnings release and slide presentation accompanying this call are posted on the home page of our Investor Relations website at 3M.com.
Please turn to Slide 2. Please take a moment to read the forward-looking statement. During today’s conference call, we will be making certain predictive statements that reflect our current views about 3M’s future performance and financial results.
These statements are based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Item 1A of our most recent Form 10-K lists some of the most important risk factors that could cause actual results to differ from our predictions.
Please note, throughout today’s presentation we will be making references to certain non-GAAP financial measures. Reconciliations of the non-GAAP measures can be found in the attachments to today’s press release.
Please turn to Slide 3. During today’s presentation Mike and Monish will discuss our total company Q1 2024 results which are inclusive of the Health Care business and are on the same basis on which 3M provided first quarter guidance back in January. As we have mentioned, it is important to note that Solventum Corporation’s separate financial reporting will differ from the basis of presentation used by 3M for the Health Care segment....
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3M Company (MMM) Q1 2024 Earnings Call Transcript