1/24/17 6:30 am CST
- Sales of $7.3 billion, up 0.4 percent; organic local-currency increased 1.6 percent
- GAAP EPS of $1.88, up 13.3 percent year-on-year
- GAAP operating income margins of 22.7 percent, up 220 basis points
- Operating cash flow of $2.2 billion contributed to free cash flow conversion of 154 percent
- Returned $1.6 billion to shareholders via dividends and gross share repurchases
- Sales of $30.1 billion; GAAP EPS of $8.16, up 7.7 percent year-on-year
- GAAP operating income margins of 24.0 percent, up 110 basis points
- Operating cash flow of $6.7 billion contributed to free cash flow conversion of 104 percent
- Returned $6.4 billion to shareholders via dividends and gross share repurchases
- Continued progress on our three key levers: Portfolio Management, Investing in Innovation and Business Transformation
ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today reported its fourth-quarter and full-year 2016
“The fourth quarter capped a successful year for our enterprise, as we
posted double-digit growth in earnings-per-share, expanded margins and
delivered robust cash flow,” said Inge G. Thulin, 3M’s chairman,
president and chief executive officer. “We also made incremental
investments to accelerate growth in core platforms, while returning
1/19/17 12:33 pm CST
ST. PAUL, Minn. & MADRID--(BUSINESS WIRE)--The Commercial Court of Barcelona, Spain, has ordered a
preliminary injunction against BossAuto Innova S.A. ("BossAuto") for
infringement of the Spanish portion of 3M's European patent EP 0,954,381
B2. This patent relates to 3M’s PPS™ technology that enables the
efficient mixing and spraying of coatings for automotive collision
The court order prohibits the import and/or manufacture, export,
1/18/17 4:15 pm CST
ST. PAUL, Minn.--(BUSINESS WIRE)--3M issued the following statement from Inge G. Thulin, 3M chairman,
president and chief executive officer, on the passing of Livio D. “Desi”
DeSimone, former 3M chairman and chief executive officer, on Jan. 17,
“Desi was a bold leader who courageously guided 3M through the turbulent
economic decade of the 1990s. During his tenure as chairman and CEO, he
strengthened 3M’s portfolio through his actions including the spinoff ofmore...
1/16/17 8:24 am CST
Attendees will demo new Tactical 300 and Tactical 500 Electronic Hearing Protectors
LAS VEGAS--(BUSINESS WIRE)--PELTOR™
Sport is showcasing its latest innovations, including new tactical
hearing protectors, at The National Shooting Sports Foundation’s
Shooting, Hunting and Outdoor Trade Show (SHOT Show®) in Las Vegas
beginning January 17.
Available in early 2017, the PELTOR Sport Tactical 300 and PELTOR Sport
Tactical 500 Electronic Hearing Protectors feature new proprietary 3M
SMART technology that automatically adjusts to yourmore...
1/9/17 4:55 pm CST
ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced the following investor events:
Fourth-quarter 2016 earnings conference call on Tuesday, Jan.
24, 2017, at 8 a.m. CST. The earnings call can be accessed at (800)
762-2596 within the U.S. or +1 (212) 231-2916 outside the U.S.
Barclays Industrial Select Conference in Miami Beach, Fla., on
Wednesday, Feb. 22, 2017. Inge G. Thulin, chairman, president and
chief executive officermore...
1/3/17 1:00 pm CST
ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has completed the sale of its safety
prescription eyewear business to HOYA Vision Care, a global leader in
the eyeglass lens industry.
The safety prescription eyewear business provides a comprehensive line
of frames, prescription lenses, and premium coating options in a
custom-made solution. The business has annual global sales of
approximately $45 million.
The safety prescription eyewearmore...
12/15/16 7:00 am CST
ST. PAUL, Minn.--(BUSINESS WIRE)--Science-based company 3M announced the expansion of its U.S. parental
leave benefits starting January 1, 2017. These benefits now extend to
both biological and adoptive parents and increases the allotted time off
to 20 weeks, which includes 10 paid weeks. The expanded benefits are
part of 3M’s continuing commitment to support greater work-life balance
across the company.
“We want our people to know that they can thrive at work and atmore...
12/14/16 2:00 pm CST
ST. PAUL, Minn.--(BUSINESS WIRE)--3M has filed an infringement lawsuit in Düsseldorf, Germany, against
Dentsply DeTrey GmbH alleging that Dentsply’s Prime&Bond Active
Universal adhesive dispenser design infringes on 3M’s Registered EU
Community Design for the 3M™ Scotchbond™ Universal adhesive flip-top
3M’s design protected flip-top dispenser allows for easy one-handed
opening and controlled dispensing of adhesive material used in the
12/13/16 5:00 am CST
ST. PAUL, Minn.--(BUSINESS WIRE)--Speaking today at the company’s annual outlook meeting in New York City,
3M Chairman, President and CEO Inge Thulin will outline to the financial
community why 3M is well-positioned for success in 2017 and beyond.
Thulin will provide an update on the company’s execution of the 3M
playbook, and emphasize ongoing investments to drive efficient growth
and build strength-on-strength across the enterprise.
“Over the last several years wemore...
12/8/16 6:27 pm CST
ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has entered into agreements to sell the
identity management business within its Traffic Safety and Security
Division, to Gemalto, the world leader in digital security, for $850
million, subject to closing and other adjustments.
3M’s identity management business is a leader in identity management
solutions providing biometric hardware and software that enable identity
verification and authentication, as well asmore...