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Earnings and Dividends

  • 1/25/18 6:30 am CST

    Board Approves 16 Percent Increase in First-Quarter 2018 Dividend

    Fourth-Quarter Highlights:

    • Sales of $8.0 billion, up 9.0 percent year-on-year
    • Organic local-currency sales growth of 6.0 percent; growth in all business groups and all geographic areas
    • GAAP EPS of $0.85, down 55 percent year-on-year; excluding net impact of Tax Cuts and Jobs Act (TCJA), EPS of $2.10, up 11.7 percent
    • Contributed $600 million to U.S. pension plan
    • Returned $1.2 billion to shareholders via dividends and gross share repurchases

    Full-Year Highlights:

    • Sales of $31.7 billion, up 5.1 percent year-on-year
    • Organic local-currency sales growth of 5.2 percent; growth in all business groups and all geographic areas
    • GAAP EPS of $7.93, down 2.8 percent year-on-year; excluding net impact of TCJA, EPS of $9.17, up 12.4 percent
    • Operating cash flow of $6.2 billion contributed to free cash flow conversion of 100 percent
    • Returned $4.9 billion to shareholders via dividends and gross share repurchases
    • Raised 2018 full-year earnings outlook: GAAP EPS of $10.20 to $10.70 versus $9.60 to $10.00 previously

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today reported fourth-quarter and full-year 2017 results. “3M’s fourth quarter was marked by record sales, expanded margins and robust organic growth across all business groups and geographic areas,” said Inge G. Thulin, 3M chairman, president and chief executive officer. “Our team’s performance capped a successful year for our enterprise. For 2017, we posted organic growth of 5 percent, along with healthy earnings, cashmore...
  • 1/25/18 6:29 am CST

    Company Marks 60 Consecutive Years of Dividend Increases

    ST. PAUL, Minn.--(BUSINESS WIRE)--The 3M Board of Directors (NYSE: MMM) today declared a dividend on the company’s common stock of $1.36 per share for the first quarter of 2018, a 16 percent increase over the quarterly dividend paid in 2017. The dividend is payable March 12, 2018, to shareholders of record at the close of business on Feb. 16, 2018. “A strong, steady and rising dividend is a hallmark of our enterprise,” said Inge G. Thulin, 3M chairman, president andmore...
  • 1/2/18 11:00 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced the following investor event: Fourth-quarter 2017 earnings conference call on Thursday, Jan. 25, 2018, 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. This event will be webcast live, and a replay will be available on 3M’s Investor Relations website at http://investors.3M.com. About 3M At 3M, wemore...
  • 12/12/17 5:00 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--At today’s annual outlook meeting in New York City, 3M Chairman of the Board, President and CEO Inge Thulin will announce that the company is expecting another strong performance in 2018. Thulin will outline how the 3M Playbook is creating significant value, while emphasizing ongoing investments to support growth, strengthen the portfolio and increase productivity. “The 3M team is delivering a robust performance in 2017, and ismore...
  • 11/14/17 3:32 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 fourth quarter of 2017, payable Dec. 12, 2017, to shareholders of record at the close of business on Nov. 24, 2017. 3M has paid dividends to its shareholders without interruption for more than 100 years. As of Sept. 30, 2017, 3M had 595,608,108 common shares outstanding and 79,174 shareholders ofmore...
  • 11/13/17 12:30 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced the following investor events: Goldman Sachs Industrials Conference 2017 in Boston, Mass., on Wednesday, Nov. 15, 2017. Nick Gangestad, senior vice president and chief financial officer, will speak at 10:15 a.m. EST. 3M 2018 Outlook Meeting in New York, N.Y., on Tuesday, Dec. 12, 2017. The meeting will begin at 8 a.m. EST and is scheduled to adjourn at noon ESTmore...
  • 10/24/17 6:30 am CDT

    Third-Quarter Highlights:

    • Sales of $8.2 billion, up 6.0 percent year-on-year
    • Organic local-currency sales growth of 6.6 percent; growth in all business groups and across all geographic areas
    • GAAP EPS of $2.33, up 8.4 percent year-on-year; operating margins of 25.0 percent
    • Returned $1.1 billion to shareholders via dividends and gross share repurchases
    • Updating 2017 full-year outlook: GAAP EPS of $9.00 to $9.10, up 10 to 12 percent year-on-year, versus prior range of $8.80 to $9.05
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today reported third-quarter earnings of $2.33 per share, an increase of 8.4 percent versus the third quarter of 2016. Sales were $8.2 billion, up 6.0 percent year-on-year in dollar terms. Organic local-currency sales increased 6.6 percent while divestitures reduced sales by 1.2 percent. Foreign currency translation increased sales by 0.6 percent year-on-year. Third quarter operating income was $2.0 billion and operatingmore...
  • 10/9/17 1:32 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced the following investor events: Third-quarter 2017 earnings conference call on Tuesday, Oct. 24, 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. 3M 2018 Outlook Meeting in New York, N.Y. on Tuesday, Dec. 12, 2017. The meeting will begin at 8 a.m. EST and is scheduled to adjourn at noon ESTmore...
  • 9/5/17 2:15 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced the following investor events: Morgan Stanley 5 th Annual Laguna Conference in Laguna Beach, Calif., on Thursday, Sept. 14, 2017. Nick Gangestad, senior vice president and chief financial officer, will speak at 9:55 a.m. PDT. Third-quarter 2017 earnings conference call on Tuesday, Oct. 24, 2017, at 8 a.m. CDT. The earnings call can be accessed at (800) 762-2596more...
  • 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...