3M
Q3 2022 Earnings Call
Oct 25, 2022, 9:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Welcome to the 3M third quarter earnings conference call. [Operator instructions] As a reminder, this conference is being recorded, Tuesday, October 25, 2022. I would now like to turn the call over to Bruce Jermeland, senior vice president of investor relations at 3M.
Bruce Jermeland -- Senior Vice President, Investor Relations
Thank you, and good morning, everyone, and welcome to our third-quarter earnings conference call. With me today are Mike Roman, 3M's chairman and chief executive officer; and Monish Patolawala, our chief financial and transformation officer. Mike 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 on the homepage of our Investor Relations website at 3m.com.
Please turn to Slide 2. Please take a moment to read the forward-looking statement. During today's conference call, we'll be making certain predictive statements that reflect our current views about 3M's future performance and financial results. These statements are based on certain assumptions and expectations of future events that are subject to risks and uncertainties.
Item 1A of our most recent Form 10-K lists some of the most important risk factors that could cause actual results to differ from our predictions. Please note throughout today's presentation, we'll be making references to certain non-GAAP financial measures. Reconciliations of the non-GAAP measures can be found in the appendix to these slides and in the attachments to today's press release. With that, please turn to Slide 3, and I'll now hand the call off to Mike.
Mike?
Mike Roman -- Chairman and Chief Executive Officer
Thank you, Bruce. Good morning, everyone, and thank you for joining us. We continue to execute our strategies to deliver for our customers, position 3M for long-term growth, and manage legal matters. Our team posted organic growth of 2% or more than 3%, excluding the impact of the decline in disposable respirator sales along with adjusted margins of 21.5%, adjusted EPS of $2.69, and $1.4 billion of adjusted free cash flow.
While the global economic outlook is softening, our businesses continue to innovate for customers and capitalize on opportunities. Transportation and electronics posted 3% organic growth with safety and industrial, consumer, and healthcare, each growing 2%. All business groups delivered margins above 21%, with notable margin expansion in safety and industrial and transportation and electronics. Looking geographically, organic growth was led by APAC up 3%, with China up 8%, benefiting from backlog recovery following the COVID-related lockdowns in the second quarter.