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Event Brief of Q2 2005 3M Company Earnings Conference Call - Part 1.

The America's Intelligence Wire

| July 18, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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CORPORATE PARTICIPANTS . Mark Colin, 3M Company, Director, IR . Pat Campbell, 3M Company, SVP & CFO OVERVIEW MMM reported 2Q05 revenues of $5.3b, up 5.6% vs. 2Q04. After achieving two new approvals for Aldara in 2004, MMM directed many of its sales and marketing resources over the last year. For 3Q05, the Co. expects EPS of $1.09-1.11, excluding the impact of the Cuno acquisition. Q&A Focus: Display & Graphics, pricing, and guidance. FINANCIAL DATA A. Key Data From Call 1. 2Q05 revenues = $5.3b. 2. 2Q05 CapEx = $217m. 3. 2Q05 free cash flow = $951m. 4. 2Q05 weighted avg. diluted shares outstanding = 780.2m. 5. 3Q05 expected EPS = ...

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