1/26/16 6:30 am CST
- Sales of $7.3 billion; GAAP EPS of $1.66, includes restructuring charge of $0.14
- GAAP operating income margins of 20.5 percent; 22.1 percent excluding restructuring
- Free cash flow conversion of 182 percent
- Returned $1.8 billion to shareholders via dividends and gross share repurchases
- Sales of $30.3 billion; GAAP EPS of $7.58, includes restructuring charge of $0.14
- GAAP operating income margins of 22.9 percent; 23.3 percent excluding restructuring
- Free cash flow conversion of 103 percent; return on invested capital of 22.5 percent
- Returned $7.8 billion to shareholders via dividends and gross share repurchases
ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today reported its fourth-quarter and full-year 2015
“The fourth quarter capped off a year of disciplined execution from our
global team with solid margin and cash flow performance,” said Inge G.
Thulin, 3M’s chairman, president and chief executive officer.
“Throughout 2015 we controlled the controllable, while investing in the
business and also returning significant cash to shareholders.
1/20/16 8:00 am CST
ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it has entered into an agreement to sell to
Innovative Chemical Products Group (ICP Group), a portfolio company of
Audax Private Equity, the assets of 3M’s Pressurized Polyurethane Foam
Adhesives business (formerly known as Polyfoam), which is part of 3M’s
Industrial Adhesives and Tapes Division. Terms of the transaction were
3M’s Pressurized Polyurethane Foam Adhesives business is a provider ofmore...
1/19/16 7:01 am CST
New adhesive gives designers and engineers a new tool to achieve higher motor efficiencies
AUSTIN, Texas--(BUSINESS WIRE)--3M today announced a new magnet bonding adhesive system designed to
provide electric motor design and manufacturing engineers with an
advanced tool for bonding permanent magnets to rotors and stators in
high-efficiency permanent magnet (PM) electric motors.
Magnet Bonding Adhesive AU-205 is a high-performance structural
bonding adhesive system designed to virtually replace messy liquid
adhesives to simplify magnetmore...
1/18/16 9:28 am CST
-- Next Generation of STEM Leaders Invited to Solve the Challenges of Tomorrow and Compete for $25,000 in the Annual Discovery Education 3M Young Scientist Challenge --
-- Through One-of-a-Kind Summer Mentorship, 3M Scientists Will Provide Guidance and Support to Student Finalists as They Develop an Innovative Solution that Improves Lives --
Discovery Education and 3M are proud to announce the opening of the annual Discovery Education 3M Young Scientist Challenge, the nation’s premier science competition for students in grades 5-8. Through the program, young inventors have the once-in-a-lifetime opportunity to work closely with a 3M Scientist Mentor, compete for $25,000, and earn the title of “America's Top Young Scientist.”The Challenge rewards students who use their science acumen and innovative thinking to create new waysmore...
1/13/16 8:35 am CST
The original Canary Yellow Post-it Note continues to evolve and inspire worldwide
ST. PAUL, Minn.--(BUSINESS WIRE)--The 1980s welcomed a flood of hit blockbuster movies, an influx of
technological advances and one remarkable invention that has ‘stuck’
with us all these years – the Post-it Note from 3M. Since the debut of
the iconic Canary Yellow Post-it Note, the assortment of products has
evolved from a simple, practical reminder into a suite of reliable and
convenient productivity tools. The Post-it Brand celebrates 35 years,
honoring all of the innovativemore...
1/7/16 8:03 am CST
3M Ranked 8 out of 40 Public Companies
ST. PAUL, Minn.--(BUSINESS WIRE)--The best companies don’t just attract great leaders, they also spot
potential in their people and cultivate those qualities.
That’s what science-based company 3M did when it brought on senior
research engineer Ashish Khandpur early in his career. He traveled the
world in various technical roles, learning about the company, its
culture and its customers, while being mentored by 3M leaders who saw
his leadership potential. Now, Ashishmore...
1/6/16 10:24 am CST
ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced the following investor events:
Fourth-quarter 2015 earnings conference call on Tuesday, Jan.
26, 2016, 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
Thursday, Feb. 18, 2016. Nick Gangestad, senior vice president and
chief financial officermore...
1/5/16 11:07 am CST
ST. PAUL, Minn.--(BUSINESS WIRE)--3M Company and Zirkonzahn SRL and Zirkonzahn Deutschland GmbH, announced
today they have amicably settled a patent infringement lawsuit brought
by 3M under 3M’s European Patent No. 1,154,969 B2 against Zirkonzahn
before the district court of Düsseldorf, Germany.
The suit involved 3M’s patented technology that enables dimensionally
precise sintering of dental ceramics. As a result of the settlement,
Zirkonzahn SRL and Zirkonzahnmore...
1/5/16 7:01 am CST
New integrated design solutions help enable tomorrow’s breakthrough electronics
ST. PAUL, Minn.--(BUSINESS WIRE)--3M is showcasing its electronics design optimization and assembly
solutions for the consumer electronics industry this week in Las Vegas
at CES, taking place Jan. 6 – 9. Exhibiting in booth 31411 and
demonstrating in its product showcase suites, 3M will display the
science behind how 3M enables companies in the consumer electronics and
automotive industries to design with freedom by bridging consumer
demands for more exceptional displays withmore...
12/30/15 8:16 am CST
ST. PAUL, Minn.--(BUSINESS WIRE)--3M filed a patent infringement lawsuit in federal district court in
Minnesota on Dec. 29, 2015, against XPEL Technologies Corporation.
The suit alleges that XPEL Technologies Corporation's XPF paint
protection film product infringes 3M’s U.S. Patent No. 8,765,263.
3M develops paint protection film products which protect the finish of a
vehicle from scratches, stains, bug acids and rock chips. 3M’s paint
protection film productsmore...