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  • 4/25/17 6:30 am CDT

    First-Quarter Highlights:

    • Sales of $7.7 billion, up 3.7 percent; organic local-currency growth of 4.6 percent
    • GAAP EPS of $2.16, up 5.4 percent year-on-year
    • GAAP operating income margins of 23.1 percent, down 100 basis points; includes $136 million, or 180 basis point impact from strategic investments
    • Returned $1.4 billion to shareholders via dividends and gross share repurchases
    • Announced pending acquisition of Scott Safety, a premier safety solutions company
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today reported first-quarter earnings of $2.16 per share, an increase of 5.4 percent versus the first quarter of 2016. Sales were $7.7 billion, up 3.7 percent year-on-year in dollar terms. Organic local-currency sales increased 4.6 percent while divestitures reduced sales by 0.4 percent. Foreign currency translation decreased sales by 0.5 percent year-on-year. Operating income was $1.8 billion and operating income marginsmore...
  • 4/21/17 1:16 pm CDT

    The global award recognizes two inventive products from 3M Food Safety and 3M Oral Care

    ST. PAUL, Minn.--(BUSINESS WIRE)--In 1902, Thomas Edison was still an avid inventor. His ingenuity and scientific pursuits resulted in technologies that would impact the everyday living for millions of people. Also in 1902 was the inception of 3M, which ever since has applied science to life with Edison’s same determination as a way to improve the daily lives of its consumers. 3M today announced that two of its most innovative and advanced technologies have been selected tomore...
  • 4/19/17 3:00 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced the following investor events: First-quarter 2017 earnings conference call on Tuesday, April 25, 2017, at 8 a.m. CDT. The earnings call can be accessed at (800) 762-2596 within the U.S. or +1 (212) 231-2916 outside the U.S. Electrical Products Group 2017 Annual Spring Conference in Longboat Key, Fla., on Monday, May 22, 2017. Inge G. Thulin, chairman, president, and chiefmore...
  • 4/19/17 8:00 am CDT

    Improve bracket placement accuracy, office productivity, and clinical outcomes

    ST. PAUL‚ Minn.--(BUSINESS WIRE)--As thousands of orthodontists and staff from around the world descend on the Annual Session of the American Association of Orthodontists in San Diego, CA this week, 3M is proud to announce a broad portfolio of issued patents and intellectual property rights, issued over the last few years, encompassing indirect bonding for orthodontic treatments. Claims covered by these patents intend to enable orthodontists to improve their bracket placementmore...
  • 4/6/17 7:30 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M Co. and 3M Innovative Properties Co. filed a lawsuit on April 5, 2017, in the Central District of California against K2 Concepts and China-based Phoenix Automotive Refinishing, alleging multiple counts of patent, trademark, and copyright infringement. The suit alleges that certain automotive painting spray gun cup products, which are made by Phoenix in China and marketed and sold in the United States by K2, infringe seven 3M patentsmore...
  • 4/4/17 9:06 am CDT

    “A Capsule of Memorabilia” Installation Combines Architecture, Design and the Magic of 3M Material Sciences.

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M, the global innovation company recognized for diversified technology and applying creativity and ingenuity to improve people’s lives, announces a collaborative installation at the Milan Design Week 2017 in partnership with internationally-renowned Studio Urquiola. Based on the belief that behind every memory, there is a story, and behind every story, there is a memory worth protecting, the installation titled “A Capsule of Memorabilia” willmore...
  • 4/3/17 12:19 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M Co. and 3M Innovative Properties Co. filed a patent infringement lawsuit on April 3, 2017, in the District of Delaware against Amphenol Corporation. The suit alleges that certain Amphenol data transmission cable products infringe U.S. Patent No. 8,933,333 titled "Shielded Electrical Cable," and U.S. Patent No. 9,601,236 titled “Shielded Electrical Cable.” 3M’s high-speed data transmission cables, including the 3MTMmore...
  • 3/24/17 2:51 pm CDT

    3M Petrifilm Rapid Aerobic Count Plates are fast, accurate, sample-ready culture media

    3M Food Safety today announced its 3M™ Petrifilm™ Rapid Aerobic Count Plates have received AFNOR Certification by NF VALIDATION (Certificate Reference No. 3M 01/17 – 11/16). The 3M Petrifilm Rapid Aerobic Count Plates had previously received validation through the AOAC® Performance Tested MethodsSM and AOAC® Official Methods of AnalysisSM programs. The validation for the 3M Petrifilm Rapid Aerobic Count Plates certifies that the plates are equivalent to or better than the reference method whenmore...
  • 3/16/17 7:19 am CDT

    Acquisition Expands 3M’s Presence in Personal Safety Industry

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced that it has entered into a definitive agreement to acquire Scott Safety from Johnson Controls for a total enterprise value of $2.0 billion. Scott Safety is a premier manufacturer of innovative products, including self-contained breathing apparatus (SCBA) systems, gas and flame detection instruments, and other safety devices that complement 3M’s personal safety portfolio.“Personal safety is a core growth business within the 3M portfolio,” said Inge G. Thulin, 3Mmore...
  • 3/13/17 5:00 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M has been recognized for its ethics and integrity in doing business by the Ethisphere Institute, which has placed the science-based company on its list of World’s Most Ethical Companies for a fourth year in a row. It is an honor that only four industrial manufacturing companies worldwide can claim this year. “At 3M, it’s not enough to just win in business – it matters how you do it,” said Kristen Ludgate, 3M’s vice president ofmore...