4/24/14 6:30 am CDT
- Organic local-currency sales growth of 4.6 percent
- Operating income margins of 21.9 percent, up 0.3 percentage points year-on-year
- Earnings of $1.79 per share, up 11.2 percent
- Returned $2.3 billion to shareholders via dividends and gross share repurchases
- Increased first-quarter per-share dividend by 35 percent
ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today reported first-quarter earnings of $1.79 per share,
an increase of 11.2 percent versus the first quarter of 2013. Sales grew
2.6 percent year-on-year to $7.8 billion. Organic local-currency sales
grew 4.6 percent while currency impacts reduced sales by 2.0 percent
First-quarter operating income was $1.7 billion, operating income
margins were 21.9 percent and net income was $1.2 billion. The companymore...
4/23/14 2:08 pm CDT
Lock three times stronger than Velcro® Industrial Strength Fasteners*
ST. PAUL, Minn.--(BUSINESS WIRE)--According to a study conducted by Houzz & Home1, more
than half of homeowners are moving forward with renovation projects,
with 42 percent motivated to improve storage, organization and
efficiency. As a growing number of homeowners take on do-it-yourself
projects, Scotch Brand is launching new Scotch Extreme Fasteners, tested
and proven to lock three times stronger than Velcro® Industrial Strength
4/22/14 9:00 am CDT
Technology advancements include complete solventless manufacturing process, layflat liners and air-release constructions
ST. PAUL, Minn.--(BUSINESS WIRE)--With a 30-year history as a reliable workhorse for converters and OEMs,
3M™ High Performance Acrylic Adhesive 200MP is about to get even better.
Enhancements to the product’s liner technology are raising the standard
of performance for its adhesive family, used in bonding to metal and
high surface energy plastics (higher than 37 dynes/cm), with
improvements in both sustainability and liner technology. With
applications ranging from ATMs, vehiclemore...
4/22/14 7:50 am CDT
Company marks Earth Day with record-setting recognition from EPA
ST. PAUL, Minn.--(BUSINESS WIRE)--As environmental concerns and energy efficiency become increasingly top
of mind for many people around the world, corporate social
responsibility migrates from just a watchword to a strategic initiative
for responsible institutions to demonstrate their commitment to these
ideals. Together, the actions of consumers, academia, and industry can
tremendously impact energy expenditures and conservation. The U.S.
Environmental Protection Agency (EPA)more...
4/17/14 6:12 pm CDT
ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced the following investor events:
First-quarter 2014 earnings conference call on Thurs., April
24, 2014, at 8 a.m. CDT. The live webcast, press release and
supporting slide presentation will be available on 3M’s Investor
Relations website at http://investor.3M.com.
The earnings call may also be accessed at (800) 762-2596 within the
U.S. or +1 (212) 231-2916 outside the U.Smore...
4/15/14 9:38 am CDT
Diamond Grade™ Reflective Sheeting and Stamark™ Pavement Marking Tape among innovations
Ever since the first fully-reflective traffic sign was installed in the U.S. city of Minneapolis, Minnesota, in 1939, 3M innovation has been making roadways around the world safer. This year, 3M is celebrating the 75th anniversary of reflective sheeting and honoring its legacy of traffic safety technology development that today includes high performance materials and comprehensive services.
Over its three-quarters of a century in the traffic safety industry, 3M has demonstratedmore...
4/15/14 9:29 am CDT
Funds benefit ATSSA and ARTBA Foundations for children of roadway workers
3M is preparing to donate up to $20,000 to scholarship funds this year as part of its 3M Visibly Safer Work Zones Project. Now in its third year, the project supports programs of the American Traffic Safety Services Foundation (ATSSF) and the American Road & Transportation Builders Association Transportation Development Foundation (ARTBA TDF) that provide scholarships for children of roadway construction workers killed or permanently disabled on the job. To date, the project has donated $more...
4/9/14 7:01 am CDT
— Integrated design reduces parking space and simplifies installation for construction and industrial applications —
To tweet this news, click here or copy and paste this to your twitter handle, “Learn how quickly the 3M QS4 integrated splice for medium voltage cables installs. http://ctt.ec/3Vg79+”
AUSTIN, Texas--(BUSINESS WIRE)--3M announces the Cold Shrink QS4 Integrated Splice now available for the
construction and industrial market. Introduced to the utility market in
2013, the 3M
Cold Shrink QS4 splice integrates all of the layers of a shielded
power cable splice into one compact joint to make installation quick and
Based on 3M’s field-proven QS-III Cold Shrink splice body, the new QS4
splice is specifically designed to meet IEEE standards.more...
4/8/14 8:00 am CDT
3M demonstrates two-phase immersion cooling technology to reduce water consumption and energy use, while increasing supercomputer efficiency
ST. PAUL, Minn.--(BUSINESS WIRE)--As the growth of the Internet of Things spikes so does the growth of
data traffic in the cloud, which requires data centers to deliver more
performance and storage with less energy consumption. Today, 3M is
announcing the implementation of a fully functional supercomputer
developed in collaboration with Intel and SGI that uses a revolutionary
two-phase immersion cooling technology pioneered by 3M.
In this proof-of-concept, SGI® ICE™ Xmore...
4/3/14 11:08 am CDT
New survey highlights customer enthusiasm
ST. PAUL, Minn.--(BUSINESS WIRE)--A recent 3M survey shows that libraries that use both the 3M™ Cloud
Library and OverDrive® are over twice as satisfied with
the 3M Cloud Library as compared to OverDrive.
The 3M Cloud Library offers outstanding ease of use for both patrons and
library staff. This survey data reveals how dramatic a difference these
features make in librarians’ satisfaction with their eBook systems.
Library staff benefit from 3M’s dedicatedmore...