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United States

3M Co (MMM)

MMM on New York Consolidated

209.61USD
21 Mar 2019
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Latest Key Developments (Source: Significant Developments)

3M Announces Leadership Appointments And Realignment Of Co From 5 To 4 Business Segments
Monday, 18 Mar 2019 09:00am EDT 

March 18 (Reuters) - 3M Co ::3M ANNOUNCES NEW BUSINESS SEGMENTS AND LEADERSHIP APPOINTMENTS.3M CO - NEW STRUCTURE WILL BE COMPRISED OF FOUR BUSINESS SEGMENTS: SAFETY & INDUSTRIAL, TRANSPORTATION & ELECTRONICS, HEALTH CARE, AND CONSUMER..3M CO - MICHAEL VALE IS APPOINTED EXECUTIVE VICE PRESIDENT, SAFETY & INDUSTRIAL BUSINESS GROUP.3M CO - ASHISH KHANDPUR, IS APPOINTED EXECUTIVE VICE PRESIDENT, TRANSPORTATION & ELECTRONICS BUSINESS GROUP.3M CO - MOJDEH POUL IS APPOINTED EXECUTIVE VICE PRESIDENT, HEALTH CARE BUSINESS GROUP.3M CO SEES SAFETY & INDUSTRIAL SEGMENT WILL HAVE ESTIMATED ANNUAL REVENUE OF $12 BILLION..3M CO - PAUL KEEL IS APPOINTED EXECUTIVE VICE PRESIDENT, CONSUMER BUSINESS GROUP.3M CO - TRANSPORTATION & ELECTRONICS SEGMENT WILL HAVE ESTIMATED ANNUAL REVENUE OF $10 BILLION.3M CO - HEALTH CARE SEGMENT WILL HAVE ESTIMATED ANNUAL REVENUE OF $7 BILLION.3M CO - JAMES BAUMAN, EVP, INDUSTRIAL BUSINESS GROUP AND JOAQUIN DELGADO, EVP, CONSUMER BUSINESS GROUP, HAVE ANNOUNCED INTENTION TO RETIRE.3M CO - CONSUMER SEGMENT WILL HAVE ESTIMATED ANNUAL REVENUE OF $5 BILLION.3M CO - ANNOUNCED REALIGNMENT OF COMPANY FROM FIVE TO FOUR BUSINESS SEGMENTS.3M CO - WILL START REPORTING FINANCIAL RESULTS UNDER NEW STRUCTURE STARTING WITH Q2 OF 2019.  Full Article

3M Will Begin To Report Results Under A New Structure With Filing Of Qtrly Report On Form 10-Q For Qtr Ending March 31
Friday, 8 Mar 2019 02:19pm EST 

March 8 (Reuters) - 3M Co ::3M CO - WILL BEGIN TO REPORT COMPARATIVE RESULTS UNDER A NEW STRUCTURE WITH FILING OF QUARTERLY REPORT ON FORM 10-Q FOR QUARTER ENDING MARCH 31.3M SAYS EFFECTIVE IN Q1 2019, CO CREATED THE CLOSURE AND MASKING SYSTEMS DIVISION AND THE MEDICAL SOLUTIONS DIVISION - SEC FILING.3M - EFFECTIVE IN Q1, CO REALIGNED CERTAIN CUSTOMER ACCOUNT ACTIVITY TO CORRELATE WITH THE PRIMARY DIVISIONAL PRODUCT OFFERINGS IN VARIOUS COUNTRIES.  Full Article

3M Announces 100 Pct Global Renewable Electricity Goal
Thursday, 28 Feb 2019 01:01am EST 

Feb 28 (Reuters) - 3M Co ::3M ANNOUNCES 100% GLOBAL RENEWABLE ELECTRICITY GOAL WITH HEADQUARTERS CAMPUS CONVERTING TO ALL RENEWABLES IMMEDIATELY.3M CO - SET AN INTERIM TARGET TO SOURCE AT LEAST 50 PERCENT OF ITS ELECTRICITY FROM RENEWABLES BY 2025.  Full Article

3M Co - On February 12, 2019, Company Entered Terms Agreement With Merrill Lynch, Others
Friday, 22 Feb 2019 04:55pm EST 

Feb 22 (Reuters) - 3M Co ::3M CO - ON FEBRUARY 12, 2019, COMPANY ENTERED INTO A TERMS AGREEMENT WITH MERRILL LYNCH, OTHERS.3M CO - TERMS AGREEMENT RELATING TO SALE OF $450 MILLION 2.750% NOTES DUE 2022, $500 MILLION 3.250% NOTES DUE 2024, $800 MILLION 3.375% NOTES DUE 2029.3M CO - TERMS AGREEMENT ALSO RELATES TO RESALE OF $500 MILLION AMOUNT OF COMPANY'S 4.000% NOTES DUE 2048 - SEC FILING.  Full Article

3M Co Says Board Will Nominate CEO Mike Roman To Serve As Chairman Of Board
Wednesday, 6 Feb 2019 09:00am EST 

Feb 6 (Reuters) - 3M Co ::3M LEADERSHIP ANNOUNCEMENT.3M CO - 3M ANNOUNCED TODAY THAT ITS BOARD OF DIRECTORS WILL NOMINATE CEO MIKE ROMAN TO SERVE AS CHAIRMAN OF BOARD.3M CO - BOARD WILL NOMINATE CEO MIKE ROMAN TO SERVE AS CHAIRMAN OF BOARD.3M CO - INGE THULIN, 3M'S CURRENT EXECUTIVE CHAIRMAN, HAS ANNOUNCED HIS INTENTION NOT TO STAND FOR REELECTION AND TO RETIRE ON JUNE 1, 2019.3M CO - AT ANNUAL MEETING IN MAY, 3M BOARD OF DIRECTORS WILL CONSIST OF 12 MEMBERS, 11 OF WHOM WILL BE INDEPENDENT DIRECTORS.  Full Article

3M Board Increases Dividend 6 Percent
Tuesday, 5 Feb 2019 05:00pm EST 

Feb 5 (Reuters) - 3M Co ::3M BOARD INCREASES DIVIDEND 6 PERCENT.INCREASES QUARTERLY DIVIDEND BY 6 PERCENT TO $1.44PER SHARE.  Full Article

3M And Elo Touch Solutions Settle Patent Infringement Action
Thursday, 31 Jan 2019 11:15am EST 

Jan 31 (Reuters) - 3M Co ::3M AND ELO TOUCH SOLUTIONS SETTLE PATENT INFRINGEMENT ACTION.3M CO - TERMS OF SETTLEMENT WERE NOT DISCLOSED..3M CO - SUIT ALLEGED THAT CERTAIN ELO TOUCH PCAP TOUCH PRODUCTS INFRINGED 3M'S PATENTS RELATING TO METAL MESH CONDUCTOR FILMS.  Full Article

3M And Miraenanotech Complete Patent License Agreement For Metal Mesh Technology
Thursday, 31 Jan 2019 11:00am EST 

Jan 31 (Reuters) - 3M Co ::3M AND MIRAENANOTECH COMPLETE PATENT LICENSE AGREEMENT FOR METAL MESH TECHNOLOGY.3M CO - AS PART OF AGREEMENT, MNTECH WILL TAKE A ROYALTY-BEARING PATENT LICENSE FROM 3M.  Full Article

3M reports fourth-quarter 2018 results
Tuesday, 29 Jan 2019 06:30am EST 

Jan 29 (Reuters) - 3M Co ::3M REPORTS FOURTH-QUARTER 2018 RESULTS.SEES FY 2019 EARNINGS PER SHARE $10.45 TO $10.90.Q4 ADJUSTED EARNINGS PER SHARE $2.31 EXCLUDING ITEMS.Q4 GAAP EARNINGS PER SHARE $2.27.Q4 SALES $7.9 BILLION VERSUS REFINITIV IBES ESTIMATE OF $7.86 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $2.28 -- REFINITIV IBES DATA.QTRLY INDUSTRIAL SALES OF $3.0 BILLION, DOWN 0.3 PERCENT IN U.S. DOLLARS.QTRLY ORGANIC LOCAL-CURRENCY SALES INCREASED 3.0 PERCENT.QTRLY FOREIGN CURRENCY TRANSLATION DECREASED SALES BY 2.3 PERCENT YEAR-ON-YEAR."POSITIONED FOR A SUCCESSFUL 2019".EXPANDED ITS FULL-YEAR ORGANIC LOCAL-CURRENCY GROWTH EXPECTATION TO A RANGE OF 1 TO 4 PERCENT.MAINTAINED ITS FULL-YEAR EXPECTATIONS FOR FREE CASH FLOW CONVERSION OF 95 TO 105 PERCENT.FULL-YEAR EXPECTATIONS FOR RETURN ON INVESTED CAPITAL OF 22 TO 25 PERCENT.FY2019 EARNINGS PER SHARE VIEW $10.74 -- REFINITIV IBES DATA.  Full Article

3M To Acquire M*Modal's Technology Business
Wednesday, 19 Dec 2018 06:30am EST 

Dec 19 (Reuters) - 3M Co ::3M TO ACQUIRE M*MODAL’S TECHNOLOGY BUSINESS.3M CO - DEAL FOR ENTERPRISE VALUE OF $1.0 BILLION.3M CO - APPROXIMATELY 750 EMPLOYEES SUPPORTING TECHNOLOGY BUSINESS OF M*MODAL ARE EXPECTED TO JOIN 3M.3M CO - ON A GAAP REPORTED BASIS, 3M ESTIMATES ACQUISITION TO BE $0.10 DILUTIVE TO EARNINGS IN FIRST 12 MONTHS FOLLOWING COMPLETION.3M CO - WILL MAINTAIN A STRATEGIC BUSINESS RELATIONSHIP WITH M*MODAL'S REMAINING TRANSCRIPTION, SCRIBING AND CODING SERVICES BUSINESS.3M CO - APPROXIMATELY 750 EMPLOYEES SUPPORTING TECHNOLOGY BUSINESS OF M*MODAL ARE EXPECTED TO JOIN 3M UPON COMPLETION OF TRANSACTION.3M CO - ON A GAAP REPORTED BASIS, 3M ESTIMATES ACQUISITION TO BE $0.10 DILUTIVE TO EARNINGS IN FIRST 12 MONTHS.3M CO - EXCLUDING CERTAIN ITEMS, 3M ESTIMATES ACQUISITION TO BE NEUTRAL TO EARNINGS IN FIRST 12 MONTHS FOLLOWING COMPLETION.  Full Article

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3M to restructure business into four units

3M Co said on Monday it would restructure its business into four operating units from five, as it looks to sharpen its focus on customers and boost growth.