Why I blindly followed advice that changed everything #shorts
About William Brown
William Brown, CEO and Chairman of 3M, discussed the company's Q2 FY26 results during a July 21, 2026 earnings call. He reported earnings per share of $2.40, above the estimated $2.24, and revenue of $6.50 billion, above the estimated $6.39 billion. Brown stated that the company is "driving hard on procurement" and seeing "net savings even after inflation," and noted that 3M has "doubled the number of Kaizen events" internally. He described the next step in the company's transformation as "simplifying, standardizing, automating more of our processes" on both the SG&A and factory sides, and expressed confidence in the ability to "hit the high 40s over time" on margins. Brown also addressed the impact of rising oil prices, stating that the company expects to offset higher oil costs "on a dollar-for-dollar basis through pricing," adding that 3M is "executing in this a little bit better" and "got on it faster this time." He noted that productivity has improved and that the team is focused on "design cost" to bring new features that drive price while reducing costs. Brown concluded by thanking 3M employees for "delivering another outstanding quarter of great execution."