10/23/14 6:30 am CDT
- Organic local-currency sales growth of 3.9 percent
- Earnings of $1.98 per share, up 11.2 percent
- Operating income margins of 23.4 percent, up 1.4 percentage points year-on-year
- Free cash flow conversion of 103 percent
- Returned $1.8 billion to shareholders via dividends and gross share repurchases
- Acquired remaining 25 percent of Sumitomo 3M for $865 million
ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today reported third-quarter earnings of $1.98 per share,
an increase of 11.2 percent versus the third quarter of 2013. Sales grew
2.8 percent year-on-year to $8.1 billion. Organic local-currency sales
grew 3.9 percent, acquisitions added 0.1 percent to sales and currency
impacts reduced sales by 1.2 percent year-on-year.
Third-quarter operating income was $1.9 billion and operating income
margins were 23.4 percent. Netmore...
10/20/14 5:14 pm CDT
ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced the following investor events:
Third-quarter 2014 earnings conference call on Thursday, Oct.
23, 2014, at 8 a.m. CDT. 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.Smore...
10/15/14 1:39 pm CDT
$80 million contract increased to $107 million to protect Marines, Soldiers and Sailors
MINNEAPOLIS--(BUSINESS WIRE)--3M today announces it has received additional orders from U.S.
government for its Enhanced Combat Helmet that provide military
personnel with protection against head injury from ballistic threats and
blunt impacts. 3M will deliver 35,000 helmets for the U.S. Army and
2,500 helmets for the U.S. Navy in addition to the 77,000 ordered for
the U.S. Marine Corps last fall.
The new orders bring the total contract value for Enhanced Combatmore...
10/15/14 9:19 am CDT
Instant, Flexible Whiteboard Solution Transforms Spaces into Collaborative Environments
ST. PAUL, Minn.--(BUSINESS WIRE)--Post-it Brand from 3M introduces Post-it Dry Erase Surface, an
instant, flexible whiteboard solution that can be applied to smooth
surfaces to transform them into collaborative canvases. In three simple,
tool-free steps – unroll, peel and stick – Post-it Dry
Erase Surface will adhere to conference tables, walls, and even to
existing whiteboards in need of a refreshed surface. Post-it Dry Erase
Surface is designed to help office workersmore...
10/15/14 7:01 am CDT
3M QDEF technology leaps years ahead to deliver movie quality color content to at home and mobile devices; Jimmy Thielen will present at SMPTE 2014
ST. PAUL, Minn.--(BUSINESS WIRE)--Jimmy Thielen, Product Development Specialist of 3M Display Materials
and Systems Division, will present “Bringing the Color of Tomorrow
Closer to Reality Today” at the SMPTE 2014 Annual Technical Conference
at the Loews Hollywood Hotel in Hollywood California on October 22 at
3:00 pm in Salon 2.
“The International Telecommunications Union (ITU) has recommended a
television broadcasting standard (Rec. 2020) for ultra-high definitionmore...
10/14/14 6:40 pm CDT
Streamlined website helps visitors quickly and easily find the right electrical materials
AUSTIN, Texas--(BUSINESS WIRE)--A new website
from 3M helps electrical design engineers to find 3M solutions for
design and performance challenges facing manufacturers of electrical
Based on feedback from 3M customers and technology experts, the site’s
improved navigation organizes 3M electrical solutions for equipment
manufacturers in a logical, user-friendly layout with searchable
categories of common applications for transformers, motors andmore...
10/14/14 11:21 am CDT
The Department of Foreign Affairs and Trade (DFAT) has commenced issuing a new generation of Australian passports using the 3M™ Colour Floating Image Security Laminate. This represents the world’s first travel document to utilise the latest 3M security laminate technology.
The Australian passport has five pairs of stylised red and blue kangaroos that appear to ‘float’ above or ‘sink’ below the surface making it easy to authenticate and more difficult to forge. The kangaroos look to havemore...
10/13/14 8:00 am CDT
ST. PAUL, Minn.--(BUSINESS WIRE)--There are a lot of changes that take place with a new job; new
responsibilities, new environment, and new people. Three and a half
years ago when Brenda Frismanis accepted a job as a legal secretary at
3M, she took one look at her life and saw the beginnings of a carved
path leading toward a long familial line of obesity. She decided it was
time to make another life change.
“I had turned into a stress eater at my last job and gainedmore...
10/13/14 7:00 am CDT
Device gives military users a digital earplug with tactical communications, situational awareness and hearing protection capabilities
ST. PAUL, Minn.--(BUSINESS WIRE)--Hearing loss and tinnitus (ringing in the ears) are the two most common
service-related disabilities, according to the Department of Defense’s
Hearing Center of Excellence (HCE). To give troops and their commanders
more options for protecting hearing while maintaining a degree of
environmental hearing, 3M
(NYSE:MMM) is introducing the Peltor Tactical Earplug for military and
law enforcement applications. The device will debut at the Associationmore...
10/10/14 8:00 am CDT
ST. PAUL, Minn.--(BUSINESS WIRE)--The chance to play with the world’s greatest at the Masters Tournament
is every golfer’s dream. One talented amateur player will get that
chance next month by winning the Asia-Pacific Amateur Championship – the
most televised amateur golf tournament in the world.
More than 100 of the leading golfers from across the Asia-Pacific region
will compete in Australia at the end of October. The winner will get the
prestigious invitation to playmore...