Edition:
United States

3M Co (MMM.N)

MMM.N on New York Stock Exchange

211.38USD
1:10pm EDT
Change (% chg)

$0.65 (+0.31%)
Prev Close
$210.73
Open
$211.36
Day's High
$212.83
Day's Low
$211.00
Volume
122,624
Avg. Vol
561,876
52-wk High
$214.63
52-wk Low
$163.85

Latest Key Developments (Source: Significant Developments)

3M announces public offering of notes
Thursday, 21 Sep 2017 09:07am EDT 

Sept 21 (Reuters) - 3M Co :3M- public offering of notes,commencement of tender offers to purchase for cash up to $400 million of 63/8% debentures due 2028 and 5.70% notes due 2037​.3M Co - net proceeds from offering to fund its previously announced acquisition of Scott Safety and general corporate purposes- SEC filing.3M Co - ‍company intends to use portion of net proceeds from offering of notes to fund consideration payable in tender offers​.  Full Article

3M board declares quarterly dividend
Tuesday, 15 Aug 2017 04:32pm EDT 

Aug 15 (Reuters) - 3m Co :3M board declares quarterly dividend.Sets quarterly dividend of $1.175per share.  Full Article

3M discloses charge related to Q2 job cuts - SEC filing
Tuesday, 1 Aug 2017 03:40pm EDT 

Aug 1 (Reuters) - 3m Co :3M Co - during Q2, management approved restructuring actions that affected about 1,300 positions worldwide & resulted in pre-tax charge of $99 million.3M Co says remaining activities related to restructuring are expected to be completed by the end of 2018 - SEC filing.  Full Article

3M says expects pricing to be closer to flat in the U.S. for 2017 - Conf call
Tuesday, 25 Jul 2017 10:15am EDT 

July 25 (Reuters) - 3m Co :3M says expects FY 2017 share repurchases to be in range of $2 billion to $3.5 billion versus $2.5 billion to $4.5 billion previously.3M says co is now tracking to the low end of its expectation for price growth in the U.S.; says expect pricing to be closer to flat in the U.S. for 2017.3M co says co taking selected price adjustments in some markets to gain market share and accelerate volume growth; says examples of those markets are its industrial business and consumer business.  Full Article

3M reports Q2 EPS $2.58
Tuesday, 25 Jul 2017 07:30am EDT 

July 25 (Reuters) - 3m Co :3M delivers second-quarter sales of $7.8 billion and earnings of $2.58 per share; company updates its 2017 outlook.Q2 GAAP earnings per share $2.58.Q2 sales $7.8 billion versus I/B/E/S view $7.86 billion.Q2 earnings per share view $2.54 -- Thomson Reuters I/B/E/S.3M co says updated 2017 full-year outlook: GAAP eps of $8.80 to $9.05 versus $8.70 to $9.05, previously.Qtrly organic local-currency sales increased 3.5 percent while divestitures reduced sales by 1.0 percent.‍Now forecasts organic local-currency sales growth to be 3 to 5 percent for 2017​.Says foreign currency translation decreased sales by 0.6 percent in quarter.Qtrly industrial sales of $2.7 billion, up 2.5 percent in U.S. Dollars.FY2017 earnings per share view $8.95 -- Thomson Reuters I/B/E/S.Qtrly total sales grew 8.3 percent in Asia Pacific.  Full Article

3M completes sale of tolling and automated license/number plate recognition business
Friday, 30 Jun 2017 11:00am EDT 

June 30 (Reuters) - 3M Co ::3M completes sale of tolling and automated license/number plate recognition business.Impact of transaction will be neutral to both second-quarter and full-year 2017 GAAP earnings per share.  Full Article

3M to sell its electronic monitoring business
Thursday, 1 Jun 2017 08:00am EDT 

June 1 (Reuters) - 3M Co ::3M to sell its electronic monitoring business; transportation safety division to focus on connected roadways of the future.3M co - ‍upon completion of this transaction, 3m expects to record a gain of approximately $0.15 per share from this divestiture​.3M co - entered into an agreement to sell its electronic monitoring business to an affiliate of apax partners for $200 million.3M co - approximately 265 3M employees who support electronic monitoring business are expected to transfer in connection with sale.  Full Article

3M to sell its Tolling and Automated License/Number Plate Recognition business
Wednesday, 10 May 2017 10:00am EDT 

May 10 (Reuters) - 3M Co : :3M to sell its Tolling and Automated License/Number Plate Recognition business.Approximately 85 employees are expected to join Neology upon completion of sale.Entered into agreements to sell its Tolling and Automated License/Number Plate Recognition business to Neology, Inc, a subsidiary of SMARTRAC.  Full Article

3M Q1 GAAP earnings per share $2.16
Tuesday, 25 Apr 2017 07:30am EDT 

April 25 (Reuters) - 3M Co ::3M delivers first-quarter sales of $7.7 billion and earnings of $2.16 per share; company raises its full-year 2017 outlook.Q1 GAAP earnings per share $2.16.Q1 sales $7.7 billion versus i/b/e/s view $7.47 billion.Sees FY 2017 earnings per share $8.70 to $9.05.Q1 earnings per share view $2.06 -- Thomson Reuters I/B/E/S.3M co - foreign currency translation decreased sales by 0.5 percent in quarter.3M co says company now forecasts organic local-currency sales growth to be 2 to 5 percent in 2017.3M co says affirmed its free cash flow expectation of 95 to 105 percent for 2017.Qtrly organic local-currency sales increased 4.6 percent while divestitures reduced sales by 0.4 percent.Fy2017 earnings per share view $8.63 -- Thomson Reuters I/B/E/S.  Full Article

3M files lawsuit against K2 Concepts and Phoenix Automotive Refinishing for patent infringement
Thursday, 6 Apr 2017 08:30am EDT 

3m Co : 3M files lawsuit against K2 concepts and phoenix automotive refinishing for patent, trademark, and copyright infringement . 3M co-suit alleges certain automotive painting spray gun cup products made by phoenix in china infringe seven 3m patents directed to co's pps technology .3M co - suit also alleges that phoenix's marketing materials for the same spray gun cup products infringe 3m's registered copyright and trademarks.  Full Article

BRIEF-3M files lawsuit against Thunder Finish for patent, trademark infringement

* 3M says filed lawsuit against China-based Thunder Finish alleging infringement of patent and trademark rights related to 3M's PPS