3M Co at Sanford C Bernstein Strategic Decisions Conference Transcript

Jan 23, 2024

Jun 01, 2022 / 01:00PM GMT
Brendan John Luecke - Sanford C. Bernstein & Co., LLC., Research Division - Research Analyst

Good morning. Thank you for joining us at Bernstein Strategic Decisions Conference. We are very lucky today to be joined by Mike Roman, CEO and Chairman of 3M, and looking forward to a conversation on the business. I'll keep the introduction short and let -- move to your opening remarks, and we can jump into Q&A.

Michael F. Roman - 3M Company - Chairman & CEO

Well, thank you, Brendan. It's great to be here, and yes, a few opening remarks. First of all, we continue to build a stronger 3M and focus on improving our performance. And if you look at 2021, it's a good reflection on this.

We had strong growth across our businesses, 9% organically, outgrowing the economies that we're part of. Delivered strong margins, EPS and cash flow. We retired and improved our net debt by about $1 billion. We returned $5.6 billion to our shareholders. So a strong year.

And as we come into 2022, we continue to drive progress, good growth in Q1. Again, improving

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