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  • 10/24/17 6:30 am CDT

    Third-Quarter Highlights:

    • Sales of $8.2 billion, up 6.0 percent year-on-year
    • Organic local-currency sales growth of 6.6 percent; growth in all business groups and across all geographic areas
    • GAAP EPS of $2.33, up 8.4 percent year-on-year; operating margins of 25.0 percent
    • Returned $1.1 billion to shareholders via dividends and gross share repurchases
    • Updating 2017 full-year outlook: GAAP EPS of $9.00 to $9.10, up 10 to 12 percent year-on-year, versus prior range of $8.80 to $9.05
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today reported third-quarter earnings of $2.33 per share, an increase of 8.4 percent versus the third quarter of 2016. Sales were $8.2 billion, up 6.0 percent year-on-year in dollar terms. Organic local-currency sales increased 6.6 percent while divestitures reduced sales by 1.2 percent. Foreign currency translation increased sales by 0.6 percent year-on-year. Third quarter operating income was $2.0 billion and operatingmore...
  • 10/18/17 1:21 pm CDT

    Gitanjali Rao named America’s Top Young Scientist in Nation’s Premier Middle School Science Competition for inventing a device that aims to test for lead in water

    Discovery Education (@DiscoveryEd) and 3M (@3M) have named 11-year-old Gitanjali Rao from Lone Tree, Colo., the winner of the 2017 Discovery Education 3M Young Scientist Challenge (#YoungScientist). Gitanjali is working to develop Tethys, a sensor-based device that can detect lead in water faster than other current techniques.Rather than using expensive equipment for testing, Gitanjali’s cost-effective approach to water safety uses a mobile app that populates the water’s status almostmore...
  • 10/16/17 5:01 am CDT

    Durable, comfortable reflective trim made with low-material waste converting technology

    ST. PAUL, Minn.--(BUSINESS WIRE)--Reflective safety gear requires a combination of comfort, compliance and visibility. To help meet this need, 3M™ Scotchlite™ Reflective Material has launched the 5410 Diamond Mesh Trim, a revolutionary leap in performance and design. The new reflective material delivers bright, compliant visibility paired with breathability and durability. It was developed with a patent-pending* cut-and-spread technology, which eliminates materialmore...
  • 10/9/17 1:32 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced the following investor events: Third-quarter 2017 earnings conference call on Tuesday, Oct. 24, 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. 3M 2018 Outlook Meeting in New York, N.Y. on Tuesday, Dec. 12, 2017. The meeting will begin at 8 a.m. EST and is scheduled to adjourn at noon ESTmore...
  • 10/5/17 12:49 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M Company (“3M”) (NYSE: MMM) today announced the pricing of its previously announced tender offers to purchase for cash up to $400,000,000 aggregate principal amount of its 5.70 percent notes due 2037 and 6 ⅜ percent debentures due 2028 (each, an “offer,” and collectively, the “offers”). The terms and conditions of the offers are set forth in 3M’s offer to purchase dated Sept. 21, 2017 (the “offer to purchase”). Capitalized terms used but not definedmore...
  • 10/5/17 7:35 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M Company (“3M”) (NYSE: MMM) today announced the early tender results of its previously announced tender offers to purchase for cash up to $400,000,000 aggregate principal amount of its 5.70 percent notes due 2037 and 6 ⅜ percent debentures due 2028 (each, an “offer,” and collectively, the “offers”). The terms and conditions of the offers are set forth in 3M’s Offer to Purchase dated Sept. 21, 2017 (the “offer to purchase”). Capitalized termsmore...
  • 10/4/17 11:00 pm CDT

    An Inspirational Design Hub Empowering Collaborative Creativity

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M, the global innovation company long recognized for diversified technology and collaboration, announced the opening of a new 3M Design Center in Japan, a hub to accelerate the growth of design across the global enterprise. Aligned with 3M Design’s mission around collaborative creativity, the new studio will house a growing team of designers with diverse professional backgrounds, design capabilities and customer experience. “more...
  • 10/4/17 3:30 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it has completed its acquisition of 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. 3M’s Personal Safety Division provides respiratory, hearing, andmore...
  • 10/3/17 6:00 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has completed the sale of its electronic monitoring business to funds advised by Apax Partners, a global private equity advisory firm, for approximately $200 million, net of cash sold and closing adjustments. The electronic monitoring business is a provider of electronic monitoring technologies, serving hundreds of correctional and law enforcement agencies around the world. Annual sales of the business aremore...
  • 10/2/17 8:45 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that Paul Keel is appointed to the position of senior vice president, Business Development and Marketing-Sales, and Jon Lindekugel is appointed to the position of senior vice president, Supply Chain. These leadership appointments are effective Oct. 1, 2017. Paul and Jon will continue to report to H.C. Shin, vice chair and executive vice president. “Both Paul and Jon are proven leaders with strong track records ofmore...