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  • 7/25/17 6:30 am CDT

    Second-Quarter Highlights:

    • Sales of $7.8 billion, up 1.9 percent; organic local-currency growth of 3.5 percent with positive growth across all five business groups
    • GAAP EPS of $2.58, up 24.0 percent year-on-year; includes $0.33 benefit from divestiture gains net of strategic investments
    • Returned $1.2 billion to shareholders via dividends and gross share repurchases
    • Updated 2017 full-year outlook: GAAP EPS of $8.80 to $9.05 versus $8.70 to $9.05, previously
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today reported second-quarter earnings of $2.58 per share, an increase of 24.0 percent versus the second quarter of 2016. Sales were $7.8 billion, up 1.9 percent year-on-year in dollar terms. Organic local-currency sales increased 3.5 percent while divestitures reduced sales by 1.0 percent. Foreign currency translation decreased sales by 0.6 percent year-on-year. Operating income was $2.2 billion and operating incomemore...
  • 7/24/17 1:08 pm CDT

    Unprecedented 24-minute BI results help healthcare facilities enhance patient safety

    ST. PAUL, Minn.--(BUSINESS WIRE)--Healthcare facilities can obtain faster sterility assurance results for surgical instruments following the Food & Drug Administration’s 510(k) clearance of the 3M™ Attest™ Rapid Readout Biological Indicator (BI) System for vaporized hydrogen peroxide sterilization (VH202). BI results for VH202 sterilization cycles with the 3M™ Attest™ system can now be read in just 24 minutes—the fastest readout compared to any other FDA cleared productmore...
  • 7/10/17 4:15 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced the following investor events: Second-quarter 2017 earnings conference call on Tuesday, July 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. Jefferies Industrials Conference in New York, N.Y., on Wednesday, Aug. 9, 2017. Nick Gangestad, senior vice president and chief financial officer, willmore...
  • 7/10/17 8:00 am CDT

    Gopher hockey arena to be named 3M Arena at Mariucci

    ST. PAUL, Minn.--(BUSINESS WIRE)--The University of Minnesota and 3M announced a new sponsorship on Monday, the latest in a 90-year relationship between two of the state’s largest institutions. This 14-year, $11.2 million sponsorship of Gopher Athletics includes the naming rights to Mariucci Arena. Keeping the historic Mariucci name, the Gopher hockey facility will now be known as 3M Arena at Mariucci. “Today’s announcement brings together three names instantlymore...
  • 6/30/17 10:00 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it has completed the sale of its tolling and automated license/number plate recognition business to Neology, Inc., a leading provider of integrated solutions for tolling, electronic vehicle registration and public safety applications. Neology is a subsidiary of SMARTRAC, a portfolio company managed by One Equity Partners, a middle-market private equity firm. The tolling and automated license/number platemore...
  • 6/22/17 7:00 am CDT

    Includes over 200 studies addressing safety and efficacy of 3M™ Bair Hugger™ Normothermia System

    ST. PAUL, Minn.--(BUSINESS WIRE)--The largest body of evidence detailing the clinical benefits of patient warming, recently updated and released today, offers scientific insights and instills confidence in temperature management best practices. The 3M™ Bair Hugger™ System Research Compendium includes summaries of over 200 studies across a wide range of surgeries, making it easy for clinicians to search the large volume of research related to the clinical benefits associatedmore...
  • 6/20/17 7:45 am CDT

    Michael Roman Appointed Chief Operating Officer, H.C. Shin Appointed Vice Chair

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that Michael F. Roman is appointed chief operating officer (COO) and executive vice president, and Hak Cheol (H.C.) Shin is appointed vice chair and executive vice president. Both appointments are effective July 1, 2017. Both will report directly to Inge Thulin, 3M chairman of the board, president and chief executive officer. “Mike and H.C. are both highly effective, accomplished leaders with proven track records ofmore...
  • 6/8/17 2:04 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M Personal Safety Division will showcase its latest innovations in Personal Protective Equipment (PPE) at the American Society of Safety Engineers (ASSE), booth #1005, in Denver beginning Monday, June 19. In addition to the debut of new products and services, 3M will also address OSHA’s final rule to update general industry walking-working surfaces and fall protection standards with presentations and demonstrations. Attendees visitingmore...
  • 6/7/17 9:22 am CDT

    Two-Time Professional Basketball Champion serves as wingman for FUTURO Brand’s Newest Campaign in Video Collaboration with Onion Labs

    ST. PAUL, Minn.--(BUSINESS WIRE)--Recently retired basketball player Matt Bonner gave humorous “support” to FUTURO Brand’s new campaign, highlighting his quest to stay fit after retirement as he explores out-of-the-box fitness routines. The video launches alongside the brand’s larger “Brace for Adventure” campaign which speaks to the attitude of the “all-in” consumer, one who embraces life’s greatest adventures and takes advantage of FUTURO Brand’s premium line of bracesmore...
  • 6/6/17 9:00 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--Catheter-related bloodstream infections (CRBSI) are life-threatening for patients and costly for the medical professionals and facilities caring for them. 3M is pleased to announce that the U.S. Food and Drug Administration (FDA) has recognized the efficacy of 3M™ Tegaderm™ CHG Chlorhexidine Gluconate I.V. Securement Dressing in reducing CRBSI, expanding the product’s 510(k) indication to include CRBSI reduction. The expandedmore...