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Earnings and Dividends

  • 4/26/16 6:30 am CDT

    First-Quarter Highlights:

    • Company adopts new FASB accounting standard, which added $0.10, net, to EPS
    • Operating income margins up 1.3 percentage points year-on-year to 24.1 percent
    • Organic local-currency sales growth declined 0.8 percent
    • Increased free cash flow 20 percent year-on-year to $946 million
    • Increased first-quarter per share dividend by 8 percent, 58th consecutive year of increases
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today reported first-quarter earnings of $2.05 per share, an increase of 10.8 percent versus the first quarter of 2015. Sales declined 2.2 percent year-on-year to $7.4 billion. Organic local-currency sales declined 0.8 percent while acquisitions, net of divestitures, added 1.6 percent to sales. Foreign currency translation reduced sales by 3.0 percent year-on-year. Operating income was $1.8 billion and operating incomemore...
  • 3/29/16 6:00 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--At a meeting with investors and analysts at the company’s global headquarters today, 3M Chairman, President and Chief Executive Officer Inge G. Thulin will introduce new five-year financial objectives and describe how the company is positioned to deliver consistently strong performance in 2016 and beyond. Thulin will also discuss how 3M’s playbook – including its three key levers of portfolio management, investing in innovation, and businessmore...
  • 3/21/16 2:46 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced the following investor events: 2016 3M Investor Day at 3M global headquarters in St. Paul, Minn., on Tuesday, March 29, 2016. The meeting will begin at 7:30 a.m. CDT and is scheduled to adjourn at 12:30 p.m. CDT. First-quarter 2016 earnings conference call on Tuesday, April 26, 2016, at 8 a.m. CDT. The earnings call can be accessed at (800) 762-2596 within the U.S. or +1 (212more...
  • 2/2/16 3:15 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 first quarter of 2016, an 8 percent increase over the quarterly dividend paid in 2015. The dividend is payable March 12, 2016, to shareholders of record at the close of business on Feb. 12, 2016. 3M has paid dividends to its shareholders without interruption for more than 99 years. The board also authorized themore...
  • 1/26/16 6:30 am CST

    Fourth-Quarter Highlights:

    • 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

    Full-Year Highlights:

    • 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 results. “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. “2015more...
  • 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...
  • 12/15/15 6:30 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M will announce today that it is poised for a successful 2016, forecasting strong earnings growth in the face of a challenging global economy. Inge G. Thulin, 3M Chairman, President and CEO, will tell analysts and investors on 3M’s 2016 outlook conference call that the company continues to make investments to build strength-on-strength and position itself for long-term success. These actions include strengthening andmore...
  • 11/13/15 3:39 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced the following investor events: Credit Suisse 3rd Annual Industrials Conference in Manalapan, Fla., on Tuesday, Dec. 1, 2015. Nick Gangestad, senior vice president and chief financial officer, will speak at 3 p.m. EST. 3M 2016 Outlook Meeting on Tuesday, Dec. 15, 2015. Inge G. Thulin, chairman, president and chief executive officer, and Nick Gangestad, senior vice presidentmore...
  • 11/10/15 3:38 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--The Board of Directors of 3M (NYSE:MMM) today declared a dividend on the company’s common stock of $1.025 per share for the fourth quarter of 2015, payable Dec. 12, 2015, to shareholders of record at the close of business on Nov. 20, 2015. 3M has paid dividends to its shareholders without interruption for 99 years. As of Sept. 30, 2015, 3M had 615,712,937 common shares outstanding and 85,293 shareholders of record. Aboutmore...
  • 10/22/15 6:30 am CDT

    Third-Quarter Highlights:

    • Operating income margins of 24.3 percent, up 0.9 percentage points year-on-year
    • Organic local-currency sales growth of 1.2 percent, positive across all geographic areas
    • Returned $2.2 billion to shareholders via dividends and gross share repurchases
    • Closed acquisitions of Capital Safety and Polypore’s Separations Media business
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today reported third-quarter earnings of $2.05 per share, an increase of 3.5 percent versus the third quarter of 2014. Sales declined 5.2 percent year-on-year to $7.7 billion. Organic local-currency sales grew 1.2 percent and acquisitions, net of divestitures, added another 1.0 percent. Foreign currency translation reduced sales by 7.4 percent year-on-year. Operating income was $1.9 billion and operating income marginsmore...