---
schema_version: "secwatch.filing_event.v1"
accession: "0000066740-23-000056"
form_type: "8-K"
ticker: "MMM"
cik: "0000066740"
company_name: "3M CO"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:33:36.226608+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# 3M Q2 GAAP loss of $12.35/sh from $10.3B PFAS charge; raises adj. EPS view to $8.60-$9.10

## Summary
- GAAP EPS loss of $12.35 vs prior-year EPS of $0.14; includes $10.3B pre-tax charge for PFAS PWS settlement.
- Adjusted EPS of $2.17, down from $2.45; includes $212M restructuring charges (-$0.31/sh).
- Net sales $8.325B, down 4.3% YoY; organic sales decline 2.2% (1.7 ppt headwind from respirator demand).
- Operating cash flow $1.5B, up 34% YoY; adjusted free cash flow $1.5B, up 44%.
- Full-year 2023 adjusted EPS guidance raised to $8.60-$9.10 from $8.50-$9.00; other guidance unchanged.

## SEC filing metadata
- accession: 0000066740-23-000056
- form_type: 8-K
- ticker: MMM
- cik: 0000066740
- company_name: 3M CO
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/66740/000006674023000056/0000066740-23-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/66740/000006674023000056/mmm-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000066740-23-000056
- JSON: https://secwatch.observer/filing/0000066740-23-000056.json
- Plain text: https://secwatch.observer/filing/0000066740-23-000056.txt

## Key facts
- Earnings Releases
  3M CO reported second quarter 2023 results: revenue $8,325, EPS $(12.35). Guidance raised.
  - Period: second quarter 2023
  - Revenue: $8,325
  - EPS: $(12.35)
  - Guidance: raised
  - Result: reported results
  source text: per share. • Adjusted operating income margin of 19.3% includes a 2.7 percentage point headwind from pre-tax restructuring charges. GAAP Adjusted (Non-GAAP) Net sales (Millions) $8,325 $7,993 Sales change Total sales (4.3)% (4.7)% Components of sales change: Organic sales 1 (2.2)% (2.5)% Acquisitions/divestitures (1.2)% (1.3)% Translation (0.9)% (0.9)% Adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/66740/000006674023000056/0000066740-23-000056-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.