3M (MMM) CEO, Michael Roman on Q2 2020 Results - Earnings Call Transcript

Jul. 28, 2020 1:03 PM ET3M Company (MMM) StockMMM
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Q2: 2020-07-28 Earnings Summary

EPS of $1.78 misses by $0.02
 | Revenue of $7.18B (-12.18% Y/Y) misses by $123.40M

3M Company (NYSE:MMM) Q2 2020 Earnings Conference Call July 28, 2020 9:00 AM ET

Company Participants

Michael Roman - Chairman, Chief Executive Officer
Nicholas Gangestad - Chief Financial Officer (retiring)
Monish Patolawala - Chief Financial Officer (incoming)
Bruce Jermeland - Vice President, Investor Relations

Conference Call Participants

Scott Davis - Melius Research
Julian Mitchell - Barclays
Andrew Obin - Bank of America
Steve Tusa - JP Morgan
Nigel Coe - Wolfe Research
John Walsh - Credit Suisse
Joe Ritchie - Goldman Sachs
Jeff Sprague - Vertical Research Partners
Deane Dray - RBC Capital Markets
Andy Kaplowitz - Citigroup
Markus Mittermaier - UBS

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the 3M second quarter earnings conference call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question and answer session. At that time if you have a question, please press the one followed by the four on your telephone keypad. It is recommended that you use a landline phone if you are going to register for a question.

As a reminder, this conference is being recorded Tuesday, July 28, 2020.

I would now like to turn the call over to Bruce Jermeland, Vice President of Investor Relations at 3M.

Bruce Jermeland

Thank you and good morning everyone. Welcome to our second quarter 2020 business review.

With me today are Mike Roman, 3M’s Chief Executive Officer, along with Nick Gangestad and Monish Patolawala, our Chief Financial Officers. As you may know, Nick will be retiring at the end of July. Monish joined the 3M team on July 1, succeeding Nick as CFO. Mike, Nick and Monish will make some formal comments and then we’ll take your questions.

Please note that today’s earnings release and slide presentation accompanying this call are posted

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