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Earnings and Dividends

  • 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...
  • 4/19/17 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...
  • 3/1/17 12:00 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced the following investor events: J.P. Morgan Aviation, Transportation, and Industrials Conference in New York, N.Y., on Tuesday, March 14, 2017. Nick Gangestad, senior vice president and chief financial officer, will speak at 1:45 p.m. EDT. First-quarter 2017 earnings conference call on Tuesday, April 25, 2017, at 8 a.m. CDT. The earnings call can be accessed at (800more...
  • 2/7/17 4:24 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company’s common stock of $1.175 per share for the first quarter of 2017, an increase of 6 percent over the quarterly dividend paid in 2016. The dividend is payable March 12, 2017, to shareholders of record at the close of business on Feb. 17, 2017. This marks the 59th consecutive year 3M has increased its dividend. The company has paid dividends to its shareholdersmore...
  • 1/24/17 6:30 am CST

    Fourth-Quarter Highlights:

    • 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

    Full-Year Highlights:

    • 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 results. “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 significant cashmore...
  • 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...
  • 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 10:18 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced the following investor events: 3M 2017 Outlook Meeting in New York, N.Y., on Tuesday, Dec. 13, 2016. The meeting will begin at 8 a.m. EST and is scheduled to adjourn at noon EST. Fourth-quarter 2016 earnings conference call on Tuesday, Jan. 24, 2017, at 8 a.m. CST. These events will be webcast live, and replays of each will be available on 3M’s Investormore...
  • 11/8/16 4:08 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company’s common stock of $1.11 per share for the fourth quarter of 2016, payable Dec. 12, 2016, to shareholders of record at the close of business on Nov. 18, 2016. 3M has paid dividends to its shareholders without interruption for 100 years. As of Sept. 30, 2016, 3M had 601,466,401 common shares outstanding and 82,468 shareholders of record. About 3Mmore...
  • 10/25/16 6:30 am CDT

    Third-Quarter Highlights:

    • Operating income margins of 24.7 percent, up 0.4 percentage points year-on-year
    • Sales flat year-on-year; organic local-currency sales decreased 0.8 percent
    • Operating cash flow of $1.9 billion contributed to 19 percent increase in free cash flow
    • Returned $1.4 billion to shareholders via dividends and gross share repurchases; marked 100 th consecutive year of paying dividends
    • Solid Business Transformation execution, including West Europe ERP deployments

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today reported third-quarter earnings of $2.15 per share, an increase of 4.9 percent versus the third quarter of 2015. Sales were $7.7 billion, flat year-on-year in dollar terms. Organic local-currency sales decreased 0.8 percent while acquisitions, net of divestitures, added 0.3 percent to sales. Foreign currency translation increased sales by 0.5 percent year-on-year. Operating income was $1.9 billion and operatingmore...