2022 Fourth Quarter Earnings 3M
Strong execution of pricing actions offset headwinds from raw
materials/logistics inflation.
Organic sales growth of 1.2% YoY
- Safety & Industrial: Adjusted operating margin +2.7 ppts YoY; benefits from pricing and strong spending discipline more than offset increased
raw materials/logistics costs, manufacturing productivity headwinds, and investments. - Transportation & Electronics: Adjusted operating margins +60 bps YoY; benefits from pricing, strong spending discipline, and restructuring actions
more than offset increased raw materials/logistics costs, manufacturing productivity headwinds, and investments - Health Care: Operating margin -2.9 ppts YoY; decline driven by manufacturing productivity headwinds, increased raw materials/
logistics costs, and investments partially offset by pricing and strong spending discipline; EBITDA margin of 28.5%. - Consumer: Operating margin -3.3 ppts YoY; decline driven by lower sales volumes, increased raw materials/logistics and outsourced
manufactured hardgoods costs, manufacturing productivity headwinds, and investments partially offset by pricing and
strong spending discipline.