{"schema_version":"secwatch.filing_event.v1","accession":"0000066740-23-000023","form_type":"8-K","ticker":"MMM","cik":"0000066740","company_name":"3M CO","filed_at":"2023-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.940374+00:00","generated_at":"2026-06-16T17:18:51.815582+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"3M posts Q1 adj EPS $1.97, down from $2.63; sales $8B, -9% YoY; announces restructuring of 6,000 jobs","bullets":["GAAP EPS $1.76 (down from $2.26); adjusted EPS $1.97 (down from $2.63).","Sales $8.0B, down 9.0% YoY; organic sales -4.9%; foreign currency headwind 2.8%.","Restructuring to eliminate ~6,000 positions globally, plus 2,500 earlier in 2023; annual pre-tax savings $700M-$900M.","Total pre-tax charges $700M-$900M; ~half expected in 2023, with $175M-$250M in Q2 2023.","Full-year 2023 guidance: adj EPS $8.50-$9.00; adj sales growth -6% to -2%."],"urls":{"canonical":"https://secwatch.observer/filing/0000066740-23-000023","json":"https://secwatch.observer/filing/0000066740-23-000023.json","markdown":"https://secwatch.observer/filing/0000066740-23-000023.md","text":"https://secwatch.observer/filing/0000066740-23-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/66740/000006674023000023/0000066740-23-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/66740/000006674023000023/mmm-20230425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T17:18:51.815582+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":"0a28267a8db67d33c8f4a91e153869d2b9a8fb12","claim":"3M CO reported First-Quarter 2023 results: revenue $8.0 billion, EPS $1.76. Guidance reaffirmed.","evidence_excerpt":"First-Quarter Highlights: • Company reports GAAP earnings per share of $1.76. • Adjusted earnings per share of $1.97, excluding the impact of special items. Q1 2023 Q1 2022 GAAP EPS $ 1.76 $ 2.26 Special items 0.21 0.37 Adjusted EPS $ 1.97 $ 2.63 Memo: GAAP operating income margin 15.4 % 18.6 % Adjusted operating income margin 17.9 % 22.0 % See the “Supplemental Financial Information Non-GAAP Measures” section for applicable information. • Sales of $8.0 billion, down 9.0 percent year-on-year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/66740/000006674023000023/0000066740-23-000023-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"First-Quarter 2023"},{"label":"Revenue","value":"$8.0 billion"},{"label":"EPS","value":"$1.76"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}