Skip to Primary Navigation Skip to Site Navigation Skip to Main Content

Languages

Search Press Releases

Press Releases

 

Earnings and Dividends

  • 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...
  • 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...
  • 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...
  • 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...
  • 9/16/08 9:38 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it will webcast its third-quarter 2008 earnings conference call on Tuesday, Oct. 21, 2008, 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...
  • 8/11/08 3:05 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 50 cents per share for the third quarter of 2008, payable Sept. 12, 2008, to shareholders of record at the close of business on Aug. 22, 2008. This cash dividend is the 368th consecutive quarterly dividend paid by 3M. As of June 30, 2008, 3M had 698,990,402 common shares outstanding and 121,532 shareholders of recordmore...
  • 7/24/08 6:30 am CDT

    - Company Generates Broad-Based Sales Growth Of 10 Percent -

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced second-quarter sales of $6.7 billion, an increase of 9.7 percent over second quarter of 2007. Net income was $945 million, or $1.33 per share, versus $917 million, or $1.25 per share in the corresponding period last year. Excluding special items in both 2007 and 2008 (a-e), net income in the second quarter of 2008 was $991 million, or $1.39 per share, versus $899 million, or $1.23 per share, inmore...
  • 7/23/08 10:00 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has entered into a definitive agreement to acquire Ligacon AG, a Switzerland-based manufacturer and supplier of filtration systems and filter elements for the pharmaceutical, biotech and general industrial markets. Terms of the transaction were not disclosed. As a distributor of CUNO products, Ligacon and 3M have enjoyed a working relationship for several years. “The combination of 3M’s technology leadership andmore...
  • 6/25/08 1:35 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it will webcast its second-quarter 2008 earnings conference call on Thursday, July 24, 2008, 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...
  • 5/13/08 4:50 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 50 cents per share for the second quarter of 2008, payable June 12, 2008, to shareholders of record at the close of business on May 23, 2008. This cash dividend is the 367th consecutive quarterly dividend paid by 3M. As of March 31, 2008, 3M had 704,287,501 common shares outstanding and 121,209 shareholders of record. Aboutmore...