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3M Co (MMM)

MMM on New York Consolidated

175.37USD
29 Sep 2016
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Latest Key Developments (Source: Significant Developments)

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

3M wins patent infringement lawsuit against Dental Direkt
Thursday, 26 May 2016 09:34am EDT 

3M Co : Court decision is based on a German patent and on German portion of a European patent . Court has ordered an injunction and damages claim reaching back to december 2008 against Dental Direkt GMBH for infringement .3M wins patent infringement lawsuit against Dental Direkt.  Full Article

3M sets quarterly dividend of $1.11/share
Tuesday, 10 May 2016 04:47pm EDT 

3m Co : Sets quarterly dividend of $1.11 per share .3M board declares quarterly dividend.  Full Article

3M Co increases dividend 8 percent; authorizes $10 billion share repurchase program
Tuesday, 2 Feb 2016 04:15pm EST 

3M Co:Declared a dividend on the company's common stock of $1.11 per share for the first quarter of 2016, an 8 percent increase over the quarterly dividend paid in 2015.Payable March 12 to shareholders of record at the close of business on Feb. 12.Board also authorized the repurchase of up to $10 billion of 3M's outstanding common stock, replacing the company's existing repurchase program.  Full Article

3M Co reaffirms FY 2016 guidance
Tuesday, 26 Jan 2016 07:30am EST 

3M Co:Reaffirms FY 2016 guidance.Expects FY 2016 earnings to be in the range of $8.10 to $8.45 per share.Expects FY 2016 organic local-currency sales growth of 1 to 3 percent.  Full Article

3M to sell Pressurized Polyurethane Foam Adhesives Business
Wednesday, 20 Jan 2016 09:00am EST 

3M Co:Announced that it has entered into an agreement to sell to Innovative Chemical Products Group (ICP Group), which is part of 3M's Industrial Adhesives and Tapes Division.Terms of the transaction were not disclosed.  Full Article

3M Company and Zirkonzahn Settle Patent Infringement Action
Tuesday, 5 Jan 2016 12:07pm EST 

3M Company and Zirkonzahn SRL and Zirkonzahn Deutschland GmbH:Says have amicably settled a patent infringement lawsuit brought by 3M under 3M's European Patent No. 1,154,969 B2 against Zirkonzahn before the district court of Düsseldorf, Germany.  Full Article

BRIEF-3M Co says court ordered preliminary injunction against Qingdao Summit Industrial

* 3M prevails in patent infringement action against China-based Qingdao Summit Industrial