Earnings and Dividends
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6/26/09 12:59 pm CDT
ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it will webcast its second-quarter 2009 earnings
conference call on Thursday, July 23, 2009, at 8 a.m. CT.
Investors can access the webcast on the Internet at http://investor.3M.com.
A replay will be available at http://investor.3M.com,
for one week following the call.
About 3M
A recognized leader in research and development, 3M produces thousands
of innovative products for dozens ofmore...
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5/12/09 5:12 pm CDT
ST. PAUL, Minn.--(BUSINESS WIRE)--The Board of Directors of 3M (NYSE:MMM) today declared a dividend on the
company’s common stock of 51 cents per share for the second quarter of
2009, payable June 12, 2009, to shareholders of record at the close of
business on May 22, 2009. This cash dividend is the 371st consecutive
quarterly dividend paid by 3M.
As of March 31, 2009, 3M had 694,383,904 common shares outstanding and
115,905 shareholders of record.
Themore...
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5/12/09 12:00 pm CDT
ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) chairman, president and CEO George W. Buckley told more
than 1,000 shareholders at the company’s annual meeting today in St.
Paul that 3M is navigating through these uncertain times by preserving
its cash position, minimizing cost and driving revenue where
opportunities exist.
“We are managing the operating and competitive fundamentals of the
company not only to get through these challenging economic times, but tomore...
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4/24/09 6:30 am CDT
- Company Updates Sales and Earnings Outlook - ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced first-quarter sales of $5.1 billion, a
decrease of 21.3 percent from the first quarter of 2008. Net income was
$518 million, or $0.74 per share, versus $1.0 billion, or $1.38 per
share in the corresponding period last year (a). Excluding special items
in 2009 (b), per share earnings were $0.81, down 41 percent year-on-year.
“As expected, the global economic slowdown dramatically affected our
businesses inmore...
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4/1/09 12:15 pm CDT
ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it will webcast its first-quarter 2009 earnings
conference call on Friday, April 24, 2009, at 8 a.m. CT.
Investors can access the webcast on the Internet at http://investor.3M.com.
A replay will be available at http://investor.3M.com,
for one week following the call.
About 3M
A recognized leader in research and development, 3M produces thousands
of innovative products for dozens ofmore...
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2/10/09 5:36 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 51 cents per share for the first quarter 2009,
a 2 percent increase over the quarterly dividend paid in 2008. The
dividend is payable on March 12, 2009, to shareholders of record at the
close of business on February 20, 2009. This marks the company’s 370th
consecutive quarterly dividend and the 51st consecutive year
of 3M dividend increasesmore...
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1/29/09 6:30 am CST
- Company Posts Record Annual Sales Despite Rapid Fourth-Quarter Economic Deceleration –
- Company Adjusts Earnings Expectations for 2009 –
Full-Year 2008 Highlights:
- Sales of $25.3 billion, up 3.3 percent from 2007 and up 6.5 percent excluding the company’s optical systems business
- Local-currency sales, including acquisitions, up 1.4 percent
- Reported operating income of $5.2 billion versus $6.2 billion in 2007; excluding special items (a-i), operating income was $5.5 billion in both years
- Reported earnings per share of $4.89 versus $5.60 in 2007; excluding special items (a-i), earnings were $5.17 per share versus $4.98 in 2007, an increase of 3.8 percent
- Returned $3 billion to shareholders in 2008 through cash dividends and repurchases of shares
Fourth Quarter 2008 Highlights:
- Sales down 11.2 percent to $5.5 billion, or down 8.1 percent excluding optical
- Local-currency sales, including acquisitions, down 6 percent
- Reported operating income of $755 million versus $1.3 billion in 2007; excluding special items (a-i), operating income was $974 million versus $1.3 billion in 2007
- Reported earnings per share of $0.77 versus $1.17 in 2007; excluding special items (a-i), earnings were $0.97 per share versus $1.19 in the prior year
ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today reported 2008 sales of $25.3 billion, an all-time
record for the company. Sales were up 3.3 percent from a year ago.
Reported net income for 2008 was $3.5 billion, or $4.89 per share,
versus $4.1 billion, or $5.60 per share, in 2007. Excluding special
items (a-i), 2008 earnings were $5.17 per share versus $4.98 per share
in 2007, up 3.8 percent.
Fourth-quarter sales were $5.5 billion, a decrease of 11.2 percentmore...
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1/7/09 10:55 am CST
ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it will webcast its fourth-quarter 2008 earnings
conference call on Thursday, January 29, 2009, at 8 a.m. CT.
Investors can access the webcast on the Internet at http://investor.3M.com.
A replay will be available at http://investor.3M.com,
for one week following the call.
About 3M
A recognized leader in research and development, 3M produces thousands
of innovative products for dozens ofmore...
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11/10/08 3:25 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 50 cents per share
for the fourth quarter of 2008, payable Dec. 12, 2008, to shareholders
of record at the close of business on Nov. 21, 2008. This cash dividend
is the 369th consecutive quarterly dividend paid
by 3M.
As of Sept. 30, 2008, 3M had 692,955,037 common shares outstanding and
117,455 shareholders of recordmore...
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10/21/08 9:45 am CDT
Strong Operational Discipline Generates 23% Operating Income Margin ST. PAUL, Minn.--(BUSINESS WIRE)--In the first paragraph of the section titled "Key Financial
Highlights," the next to last sentence should read:
"Third-quarter net income was $999 million" (sted $999 billion).
The corrected release reads:
3M REPORTS RECORD THIRD-QUARTER SALES
STRONG OPERATIONAL DISCIPLINE GENERATES 23% OPERATING INCOME MARGIN
3M (NYSE: MMM):
Reported earnings per share of $1.41, or $1.42 excludingmore...
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