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3M Co (MMM.N)

MMM.N on New York Stock Exchange

195.83USD
28 Apr 2017
Change (% chg)

$-0.28 (-0.14%)
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Latest Key Developments (Source: Significant Developments)

Umicore acquires NMC battery material patents from 3M
Tuesday, 10 Jan 2017 01:32am EST 

Umicore SA : Umicore acquires nmc battery material patents from 3M . Umicore takes over all rights and responsibilities with existing licensees of 3M .Patents collectively cover South Korea, China, Japan, Europe and United States and have a validity of between 2021 and 2024.  Full Article

3M to sell indentity management business to Gemalto for $850 mln
Thursday, 8 Dec 2016 07:27pm EST 

3M Co : 3M to sell identity management business . Deal for $850 million, subject to closing and other adjustments. . Upon completion of sale, 3M will record a gain related to transaction . Says has entered into agreements to sell identity management business within its traffic safety and security division, to Gemalto . In addition, co will incur various charges as it continues to make investments to drive growth and improve productivity .Approximately 450 3M employees are expected to transfer to Gemalto with acquisition.  Full Article

Hoya Vision Care says will buy 3M's safety eyewear business
Wednesday, 7 Dec 2016 05:54am EST 

3m Co : Hoya vision care - hoya will acquire only prescription part of 3M's safety eyewear business .Hoya vision care announces agreement to acquire safety prescription eyewear business from 3M.  Full Article

3M to sell safety prescription eyewear business
Tuesday, 6 Dec 2016 02:00pm EST 

3M Co : 3M to sell safety prescription eyewear business . terms of transaction were not disclosed. . 3M co says has entered into an agreement to sell its safety prescription eyewear business to Hoya Vision Care .3m will retain its safety non-prescription eyewear business, often referred to as plano eyewear.  Full Article

3M Co says seeing indications of positive movement in U.S. industrial market - Conf call
Tuesday, 25 Oct 2016 10:17am EDT 

3M Co : Says sees 2016 gross share repurchases of $3.5 billion-$4.5 billion, down from $4 billion-$6 billion previously . Says co is in a good position to bolster growth with or without acquisitions . Says expects "external growth market" to continue moving sideways in 2017 . Says expects industrial and electronics and energy businesses to have improved growth rates in 2017, compared with 2016 . Says sees pension to be $150 million headwind for 3M for 2017 . 3M CEO Inge Thulin says "We have to wait out for the geopolitical situation to be settled in EMEA region before we start to see some big growth coming back there" . 3M CEO Inge Thulin says pleased with growth in West Europe in Q3 . 3M CEO Inge Thulin says seeing indications of positive movement in the U.S. industrial market relative to manufacturing Further company coverage: [MMM.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

3M reports Q3 earnings per share $2.15
Tuesday, 25 Oct 2016 07:30am EDT 

3M Co : 3M delivers third-quarter sales of $7.7 billion and earnings of $2.15 per share . Q3 earnings per share $2.15 . Q3 earnings per share view $2.14 -- Thomson Reuters I/B/E/S . Sees FY 2016 earnings per share $8.15 to $8.20 . Q3 sales $7.7 billion versus I/B/E/S view $7.71 billion . 3M co says Q3 organic local-currency sales decreased 0.8 percent while acquisitions, net of divestitures, added 0.3 percent to sales . Says for full-year 2016, 3M updated its forecast for earnings per share to be in range of $8.15 to $8.20 versus a prior range of $8.15 to $8.30 . Says for full year now expects organic local-currency sales growth to be approximately flat versus a previous range of 0 to 1 percent . Says also updated its tax rate for FY to be approximately 29 percent versus a prior range of 29.0 to 29.5 percent . Says continues to expect free cash flow conversion in range of 95 to 105 percent for fy . FY2016 earnings per share view $8.22, revenue view $30.16 billion -- Thomson Reuters I/B/E/S . Says for industrial, Q3 sales of $2.6 billion, up 1.0 percent in U.S. dollars . Says for the quarter, foreign currency translation increased sales by 0.5 percent year-on-year .Qtrly industrial sales of $2.6 billion, up 1.0 percent in u.s. Dollars.  Full Article

3M Co sets quarterly dividend of $1.11 per share
Tuesday, 9 Aug 2016 06:26pm EDT 

3M Co : 3M board declares quarterly dividend; company marks 100 consecutive years of dividends paid .Sets quarterly dividend of $1.11per share.  Full Article

BRIEF-3M says see no reason to change strategy in Europe based on Brexit - Conf Call
Tuesday, 26 Jul 2016 10:16am EDT 

3M Co : Says continues to expect full-year capex in $1.3 bln to $1.5 bln range . Says continue to expect full-year gross share repurchases to be in range of $4 bln-$6 bln . Says electronics and energy biz continues to be impacted by weak end market demand; says expect challenges in the biz to persist into 2H 2016 . Says UK is less than 3 pct of 3M's annual revenue; says see no reason to change strategy around Europe based on outcome of Brexit . Says targeting margin expansion in range of 100 to 150 basis points for FY 2016 . Says lowered FY 2016 sales forecast is "very much" related to revenue declines in electrical and energy biz . Says if foreign exchange rates stays where they are today, biggest impact on 3M's 2017 earnings would be diminishment of hedging gains . Says will have to wait into 2017 before seeing growth in consumer electronics Further company coverage: [MMM.N] (Bengaluru Newsroom: +1-646-223-8780) Keywords: (CORRECTED).  Full Article

3M reports Q2 sales of $7.7 billion and EPS of $2.08
Tuesday, 26 Jul 2016 07:51am EDT 

3M delivers quarterly results : Qtrly organic local-currency sales declined 0.2 percent . Also estimates its full-year tax rate will be in range of 29.0 to 29.5 percent . FY2016 earnings per share view $8.24, revenue view $30.40 billion -- Thomson Reuters I/B/E/S . Quarter sales of $7.7 billion and earnings of $2.08 per share . Q2 earnings per share $2.08 . Q2 sales $7.7 billion versus i/b/e/s view $7.71 billion . Q2 earnings per share view $2.07 -- Thomson Reuters I/B/E/S . Sees FY 2016 earnings per share $8.15 to $8.30 . 3M Co qtrly industrial sales of $2.6 billion, down 0.1 percent in U.S. dollars . 3M forecasts foreign currency translation to reduce 2016 sales by 1 to 2 percent, versus a previous expected reduction of 1 to 3 percent .Sees 2016 organic local-currency sales growth guidance to be in range of 0 to 1 percent.  Full Article

3M recalls hard hats due to shock hazard
Thursday, 23 Jun 2016 10:38am EDT 

U.S. Consumer Product Safety Commission (CPSC): Recall involves 3M vented hard hats sold under 3M, 3M Tekk Protection and Aosafety brands . Recall involves about 7,500 units of 3M's hard hats .3M recalls hard hats due to shock hazard.  Full Article

More From Around the Web

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3M raises 2017 profit forecast; first-quarter results top estimates

3M Co , which makes Scotch tape and Post-it notes, raised its 2017 profit forecast and reported better-than-expected quarterly results, helped by growth across its major businesses.