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Earnings and Dividends

  • 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...
  • 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...
  • 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...
  • 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...
  • 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...