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Earnings and Dividends

  • 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...
  • 10/4/16 3:00 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced the following investor events: Third-quarter 2016 earnings conference call on Tuesday, Oct. 25, 2016, 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. Goldman Sachs Industrials Conference 2016 in Boston, Mass., on Wednesday, Nov. 2, 2016. Nick Gangestad, senior vice president and CFO, will speak at 9:20more...
  • 8/30/16 11:25 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced the following investor events: Morgan Stanley 4 th Annual Laguna Conference in Laguna Beach, Calif., on Wednesday, Sept. 14, 2016. Nick Gangestad, senior vice president and chief financial officer, will speak at 10 a.m. PDT. Third-quarter 2016 earnings conference call on Tuesday, Oct. 25, 2016, at 8 a.m. CDT. The earnings call can be accessed at (800) 762-2596more...
  • 8/9/16 5:26 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 $1.11 per share for the third quarter of 2016, which is payable Sept. 12, 2016, to shareholders of record at the close of business on Aug. 19, 2016. 3M has paid dividends to its shareholders without interruption since 1916. “A hallmark of our company’s long history of success is the ability to consistently invest to grow our businesses and tomore...