3M Company (NYSE:MMM) CEO William Brown has told investors that the company's operational turnaround is progressing ahead of its own targets. New product activity is expanding, delivery performance has improved, margins are moving higher, and the data-center opportunity tied to its Microsoft partnership is growing rapidly. Together, these metrics provide a detailed picture of improving operational performance. However, management's argument that its legal uncertainty is becoming "better defined" continues to face challenges. A Montana federal judge recently allowed a PFAS class action to proceed, while a separate lawsuit brought by the Australian government remains in the courts.
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