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Earnings and Dividends

  • 5/8/07 3:21 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 48 cents per share for the second quarter of 2007, payable June 12, 2007, to shareholders of record at the close of business on May 18, 2007. This cash dividend is the 363rd consecutive quarterly dividend paid by 3M. As of March 31, 2007, 3M had 720,204,691 common shares outstanding and 124,103 shareholders of record. Aboutmore...
  • 4/26/07 6:41 am CDT

    First Quarter Reported EPS up 58.1% to $1.85 per share

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today reported record first-quarter 2007 earnings of $1.4 billion or $1.85 per share, up 52.2 percent and 58.1 percent, respectively, from the first quarter of 2006. First quarter 2007 net income includes a net gain of $422 million, or $0.57 per share, from the sale of the company’s branded pharmaceuticals business in Europe, net of various other special items (a-c). “Our strategy for achieving higher growth whilemore...
  • 3/19/07 2:04 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it will webcast its first-quarter 2007 earnings conference call Thursday, April 26, 2007, 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 Global, Diversified Technology Company Every day, 3M people find new ways to make amazing things happen.more...
  • 2/12/07 4:43 pm CST

    Board Also Declares 49th Consecutive Annual Dividend Increase

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that its Board of Directors approved a new $7 billion two-year share repurchase authorization between Feb. 12, 2007, and Feb. 28, 2009, the largest in 3M’s history. “While our first priority remains investing for growth, returning cash to our shareholders remains an integral part of our strategy,” said George W. Buckley, 3M chairman, president and CEO. “The strength of our operationsmore...
  • 1/30/07 5:23 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced its sales and profit results for the fourth-quarter and calendar year 2006. For the 2006 calendar year, net income was $3.9 billion, or $5.06 per share, versus $3.1 billion, or $3.98 per share, an increase of 24 percent and 27 percent, respectively. Full-year 2006 net income includes a net profit of $438 million, or $0.57 per share, largely due to a gain on the sale of those geographic regions of themore...
  • 1/2/07 2:11 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it will webcast its fourth-quarter 2006 earnings conference call on Tuesday, Jan. 30, 2007, 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 Global, Diversified Technology Company Every day, 3M people find new ways to make amazing things happen.more...
  • 1/2/07 12:45 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) announced today it has completed its transaction with Meda AB for the sale of 3M’s pharmaceuticals business in Europe. Under the agreement, Meda AB will acquire regional marketing and intellectual property rights for 3M’s well-known branded pharmaceuticals, including Aldara, Tambocor, MetroGel-Vaginal and Minitran. The transactions with Ironbridge Capital and Archer Capital for the sale of 3M’smore...
  • 10/20/06 6:33 am CDT

    Company Continues Multi-Quarter Trend of Broad-Based Revenue Growth

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced its sales and profit results for the third quarter of 2006. Third-quarter worldwide sales were a record $5.9 billion, up 8.8 percent compared to the third quarter of 2005. Total local-currency sales increased 7.3 percent, including 1.7 percent from acquisitions. Each business contributed positively to the growth, with local-currency sales increasing 17.1 percent in Safety, Security and Protection Services,more...
  • 8/15/06 8:20 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced that it would complete its existing $2.0 billion share repurchase authorization ahead of schedule and, therefore, its Board of Directors authorized the repurchase of an additional $1.0 billion of the company's stock. This increases the total repurchase authorization to $3.0 billion for the period beginning Feb. 13, 2006, and ending Feb. 28, 2007. As in prior years, reacquired shares will be used to support themore...
  • 7/25/06 6:38 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced its sales and profit results for the second quarter 2006. Second-quarter worldwide sales totaled $5.7 billion, up 7.5 percent compared to the second quarter of 2005. Total local-currency sales increased 7.2 percent, including 2.6 percent from acquisitions, primarily CUNO. Local-currency sales increased 11 percent in Industrial and Transportation, 8.3 percent in Safety, Security and Protectionmore...