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Earnings and Dividends

  • 8/15/17 3:32 pm CDT
    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 third quarter of 2017, payable Sept. 12, 2017, to shareholders of record at the close of business on Aug. 25, 2017. 3M has paid dividends to its shareholders without interruption for more than 100 years. As of June 30, 2017, 3M had 596,767,147 common shares outstanding and 79,897 shareholders of recordmore...
  • 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...
  • 7/10/17 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...
  • 5/9/17 3:19 pm CDT
    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 second quarter of 2017, payable June 12, 2017, to shareholders of record at the close of business on May 19, 2017. 3M has paid dividends to its shareholders without interruption for 100 years. As of March 31, 2017, 3M had 597,239,576 common shares outstanding and 80,968 shareholders of record. About 3Mmore...
  • 5/9/17 10:43 am CDT
    INDIANAPOLIS & ST. PAUL, Minn.--(BUSINESS WIRE)--3M Chairman, President and CEO Inge G. Thulin today highlighted the company’s 2016 performance and progress in executing the 3M Playbook. Thulin addressed 3M’s 2017 Annual Meeting of Shareholders in Indianapolis, Ind. “In 2016 we executed the 3M Playbook and delivered a great operational performance, while making investments to prepare us for the future,” said Thulin. “We are evolving into a stronger enterprise that is wellmore...
  • 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...