7/24/14 6:30 am CDT
- Organic local-currency sales growth of 4.8 percent
- Earnings of $1.91 per share, up 11.7 percent
- Operating income margins of 22.8 percent, up 0.8 percentage points year-on-year
- Free cash flow conversion of 103 percent
- Returned $2.0 billion to shareholders via dividends and gross share repurchases
- Announced (July 16) acquisition of remaining 25 percent of Sumitomo 3M subsidiary for 90 billion Japanese Yen (approximately $885 million)
ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today reported second-quarter earnings of $1.91 per
share, an increase of 11.7 percent versus the second quarter of 2013.
Sales grew 4.9 percent year-on-year to $8.1 billion. Organic
local-currency sales grew 4.8 percent, acquisitions added 0.1 percent to
sales and currency impacts were flat year-on-year.
Second-quarter operating income was $1.9 billion and operating income
margins were 22.8 percent. Net income was $1.3more...
7/22/14 11:15 am CDT
Minneapolis and St. Paul Teachers Can Apply For Teacher Grants from Kids In Need and Command Brand
ST. PAUL, Minn.--(BUSINESS WIRE)--Command
Brand from 3M has announced its partnership with The Kids In Need
Foundation, a national, non-profit organization dedicated to providing
free school supplies to economically disadvantaged school children and
under-funded teachers. As part of the partnership, Command Brand is
sponsoring grants of the 2014
Kids In Need Teacher Grants program to fund classroom projects
conducted by teachers in the Minneapolis and St. Paul schoolmore...
7/16/14 1:00 am CDT
Business to be known as 3M Japan
ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it will acquire, through Sumitomo 3M, Sumitomo
Electric Industries Ltd.’s 25 percent interest in Sumitomo 3M Ltd. for
90 billion Japanese Yen (approximately $885 million at current exchange
rates). Upon completion of the cash transaction, 3M will own 100 percent
of Sumitomo 3M Ltd. The transaction is expected to close Sept. 1, 2014.
“This investment allows us to gain full control of one of 3M’s most
7/14/14 8:00 am CDT
ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that Dr. Ashish K. Khandpur has been appointed senior
vice president, Research and Development and Chief Technology Officer,
effective immediately. He replaces Dr. Frederick J. Palensky, who is
retiring after a successful 37-year career with the company.
“Ashish is a highly accomplished and respected leader with a proven
track record of success across multiple 3M businesses and geographic
regions," said Inge G.more...
7/11/14 8:00 am CDT
ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced that it will webcast its second-quarter
2014 earnings conference call on Thurs., July 24, 2014, at 8:00 a.m. CT.
The live webcast, press release and supporting slide presentation will
be available on 3M’s Investor Relations website at http://investor.3M.com.
The earnings call may also be accessed at (800) 762-2596 within the U.S.
or +1 (212) 231-2916 outside the U.S.
This event will be webcastmore...
6/27/14 3:47 pm CDT
Government employees are now able to make tax exempt purchases on the 3M direct online store, Shop3M.com, with a GSA SmartPay card.
To enroll, GSA card holders should register for an account on Shop3M.com and identify they are part of the SmartPay program. Any purchase made with a GSA VISA or MasterCard would then be qualified as tax exempt.
Even with this new feature on Shop3M, the current 3M government contract purchase process has not changed. However, Shop3M nowmore...
6/25/14 11:25 am CDT
Software Helps Protect Against Visual Hacking from Virtually Every Angle
ST. PAUL, Minn.--(BUSINESS WIRE)--Today, an increasingly mobile workforce, heightened awareness of
corporate data breaches and strengthened industry regulations have led
to a greater demand for data protection measures among consumers and
enterprise alike. To address this need, 3M – a leader in visual privacy
solutions – is expanding its offerings by introducing the ePrivacy
Filter, a software which alerts users to over-the-shoulder
onlookers. This software protects mobilemore...
6/24/14 8:00 am CDT
Advanced analytic tools identify quality performance issues, improve quality reporting
SALT LAKE CITY--(BUSINESS WIRE)--3M Health Information Systems has introduced 3M Quality Services, a
complete program of expert consulting, advanced analytics, and the
latest quality metrics to help hospitals identify the root cause of
quality performance issues.
Using public quality measures and 3M’s proprietary quality metrics, 3M
Quality Services consultants evaluate hospital outcomes data to identify
specific quality outliers, which are then analyzed to determinemore...
6/23/14 8:00 am CDT
Award honors WOCN Society members for successful programs in improving skin integrity
NASHVILLE, Tenn.--(BUSINESS WIRE)--3M Critical & Chronic Care Solutions Division and the WOCN Society today
announced that Lourdes Specialty Hospital in Burlington County, NJ, has
received the 3M Award for Excellence in Skin Safety.
Lourdes Specialty Hospital is a 69-bed Long Term Acute Care Hospital
designed to provide intensive care to patients who have ventilator
dependency, medically complex conditions such as extensive non-healing
wounds, infections, systemmore...
6/23/14 7:01 am CDT
Easy-to-use tool helps providers meet subscriber demands for fiber even faster
AUSTIN, Texas--(BUSINESS WIRE)--Fiber installation is faster and more cost effective with the new 3M™
Easy Cleaver, which complements 3M’s existing fiber
connectivity portfolio of simple-to-install field-mounted connectors
and mechanical splices. With significantly less upfront capital expense
and no specialized training required, the new tool helps enable service
providers and contractors to meet the increasing subscriber demand for
fiber even faster. The Easy Cleaver will bemore...