secwatch.observer — SEC 8-K summary
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Issuer:     3M CO (MMM)
CIK:        0000066740
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0000066740-23-000056
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66740/000006674023000056/0000066740-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66740/000006674023000056/mmm-20230725.htm
  HTML page:      https://secwatch.observer/filing/0000066740-23-000056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer