{"schema_version":"secwatch.filing_event.v1","accession":"0000066740-23-000003","form_type":"8-K","ticker":"MMM","cik":"0000066740","company_name":"3M CO","filed_at":"2023-01-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.783518+00:00","generated_at":"2026-06-20T11:09:46.929177+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"3M Q4 adjusted EPS $2.28, sales $8.1B; FY23 guidance weak; to cut 2,500 jobs","bullets":["Q4 GAAP EPS $0.98 vs $2.31 y/y; adjusted EPS $2.28 vs $2.45; sales $8.1B (-6% YoY, organic +0.4%, missing guidance).","Full-year 2022 adjusted EPS $10.10, down 6% from $10.73; sales $34.2B (-3%).","FY23 guidance: adjusted EPS $8.50-$9.00 (vs $9.88 in 2022); adjusted organic sales growth -3% to flat.","Plan to cut ~2,500 global manufacturing roles; Q1 restructuring charge $75M-$100M.","PFAS manufacturing exit by end of 2025; beginning in 2023, adjusts PFAS results out of non-GAAP."],"urls":{"canonical":"https://secwatch.observer/filing/0000066740-23-000003","json":"https://secwatch.observer/filing/0000066740-23-000003.json","markdown":"https://secwatch.observer/filing/0000066740-23-000003.md","text":"https://secwatch.observer/filing/0000066740-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/66740/000006674023000003/0000066740-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/66740/000006674023000003/mmm-20230124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T11:09:46.929177+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5a4f2e732fd2f73a78d938a68658757d9aa25e9f","claim":"3M CO reported Full Year 2022 results: revenue $34.2 billion, EPS $10.18 GAAP earnings per share, $10.10 adjusted earnings per share.","evidence_excerpt":"Full-Year Highlights: Full Year 2022 Full Year 2021 GAAP EPS $ 10.18 $ 10.12 Special Items (0.08) 0.61 Adjusted EPS $ 10.10 $ 10.73 Memo: GAAP operating income margin 19.1 % 20.8 % Adjusted operating income margin 20.8 % 22.2 % See the “Supplemental Financial Information Non-GAAP Measures” section for applicable information. • Sales of $34.2 billion, down 3 percent year-on-year, which included impacts of negative 1 percent from divestitures and negative 4 percent from foreign currency translation due to strength of U.S. dollar.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/66740/000006674023000003/0000066740-23-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2022"},{"label":"Revenue","value":"$34.2 billion"},{"label":"EPS","value":"$10.18 GAAP earnings per share, $10.10 adjusted earnings per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"cf83f17ca9204b99cba1c81995e07194a60892af","claim":"3M CO reported Q4 2022 results: revenue $8.1 billion, EPS $0.98 GAAP earnings per share, $2.28 adjusted earnings per share.","evidence_excerpt":"Fourth-Quarter Highlights: • Company reports GAAP earnings per share of $0.98, which included a $1.15 per share pre-tax charge relating to PFAS manufacturing exit costs adjusted for in special items. • Adjusted earnings per share of $2.28, excluding the impact of special items. Q4 2022 Q4 2021 GAAP EPS $ 0.98 $ 2.31 Special Items 1.30 0.14 Adjusted EPS $ 2.28 $ 2.45 Memo: GAAP operating income margin 7.8 % 18.8 % Adjusted operating income margin 19.1 % 20.0 % See the “Supplemental Financial Information Non-GAAP Measures” section for applicable information. • Sales of $8.1 billion, down 6 percent year-on-year, which included impacts of negative 2 percent from divestitures and negative 5 percent from foreign currency translation due to strength of U.S. dollar.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/66740/000006674023000003/0000066740-23-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q4 2022"},{"label":"Revenue","value":"$8.1 billion"},{"label":"EPS","value":"$0.98 GAAP earnings per share, $2.28 adjusted earnings per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fc316923238f455d26d4d1151549690bd1d9f70d","claim":"3M CO reported Full Year 2023 results: EPS $8.50 to $9.00 adjusted earnings per share. Guidance initiated.","evidence_excerpt":"Full-Year 2023 Outlook 3M's full-year expectations for 2023 include the following: • -6 to -2 percent adjusted total sales growth^ reflecting the following: ◦ -3 percent to flat adjusted organic sales growth^, includes -2 percentage point impact from disposable respirator decline and exit of Russia ◦ -2 to -1 percent adjusted foreign currency translation impact^ ◦ -1 percent adjusted divestiture impact^ • Adjusted earnings per share^ of $8.50 to $9.00, versus 2022 of $9.88 on a comparable basis ◦ 2023 adjusted earnings per share include -$0.55 to -$0.80 of combined year-on-year headwinds from the decline in disposable respirator demand, exit of Russia, foreign currency translation, and divestitures","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/66740/000006674023000003/0000066740-23-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2023"},{"label":"EPS","value":"$8.50 to $9.00 adjusted earnings per share"},{"label":"Guidance","value":"initiated"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}