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3M Co (MMM.N)

MMM.N on New York Stock Exchange

194.56USD
18 Dec 2018
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Latest Key Developments (Source: Significant Developments)

3M To Acquire M*Modal's Technology Business
11:30am GMT 

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

3M Co Reports Q3 Sales of $8.2 Billion
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - 3M Co ::3M REPORTS THIRD-QUARTER 2018 RESULTS.Q3 GAAP EARNINGS PER SHARE $2.58.Q3 SALES $8.2 BILLION VERSUS I/B/E/S VIEW $8.39 BILLION.Q3 EARNINGS PER SHARE VIEW $2.70 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 GAAP EARNINGS PER SHARE $8.78 TO $8.93.QTRLY INDUSTRIAL SALES WERE $3.0 BILLION, FLAT IN U.S. DOLLARS..QTRLY ORGANIC LOCAL-CURRENCY SALES UP 1.3 PERCENT.SAYS ALSO UPDATED ITS FULL-YEAR ORGANIC LOCAL-CURRENCY SALES GROWTH GUIDANCE TO APPROXIMATELY 3 PERCENT FROM 3 TO 4 PERCENT.QTRLY FOREIGN CURRENCY TRANSLATION DECREASED SALES BY 1.7 PERCENT YEAR-ON-YEAR.NOW EXPECTS ITS ADJUSTED 2018 EARNINGS TO BE IN RANGE OF $9.90 TO $10.00 PER SHARE.SEES FULL-YEAR FREE CASH FLOW CONVERSION OF 90 TO 95 PERCENT.UPDATE TO EARNINGS EXPECTATIONS RANGES REFLECTS ESTIMATED FY EARNINGS HEADWIND OF $0.05 PER SHARE FROM FOREIGN CURRENCY.  Full Article

3M says undertook restructuring actions in Q2 that affected about 900 jobs
Thursday, 26 Jul 2018 

July 26 (Reuters) - 3M Co ::3M CO SAYS DURING Q2, UNDERTOOK CERTAIN RESTRUCTURING ACTIONS WHICH AFFECTED ABOUT 900 POSITIONS WORLDWIDE - SEC FILING.  Full Article

3M Q2 GAAP Earnings Per Share $3.07
Tuesday, 24 Jul 2018 

July 24 (Reuters) - 3M Co ::3M REPORTS SECOND-QUARTER 2018 RESULTS.Q2 GAAP EARNINGS PER SHARE $3.07.Q2 SALES $8.4 BILLION VERSUS I/B/E/S VIEW $8.37 BILLION.Q2 EARNINGS PER SHARE VIEW $2.58 -- THOMSON REUTERS I/B/E/S.Q2 2018 EARNINGS INCLUDES A $0.48 PER SHARE BENEFIT FROM DIVESTITURE GAIN, NET OF RELATED RESTRUCTURING ACTIONS.UPDATED 2018 EARNINGS GUIDANCE TO REFLECT FULL-YEAR IMPACT FROM RECENTLY COMPLETED DIVESTITURE OF COMMUNICATION MARKETS BUSINESS.NOW EXPECTS ITS 2018 GAAP EARNINGS TO BE IN RANGE OF $9.08 TO $9.38 PER SHARE.3M NOW EXPECTS ITS ADJUSTED 2018 EARNINGS TO BE IN RANGE OF $10.20 TO $10.45 PER SHARE VERSUS PRIOR EXPECTATION OF $10.20 TO $10.55.QTRLY ORGANIC LOCAL-CURRENCY SALES UP 5.6 PERCENT.MAINTAINED ITS FULL-YEAR ORGANIC LOCAL-CURRENCY SALES GROWTH GUIDANCE OF 3 TO 4 PERCENT.MAINTAINED ITS FULL-YEAR GUIDANCE FOR FREE CASH FLOW CONVERSION OF 90 TO 100 PERCENT.FOREIGN CURRENCY TRANSLATION INCREASED SALES IN QUARTER BY 1.0 PERCENT YEAR-ON-YEAR.QTRLY INDUSTRIAL SALES WERE $3.1 BILLION, UP 6.8 PERCENT IN U.S. DOLLARS.FY2018 EARNINGS PER SHARE VIEW $10.34 -- THOMSON REUTERS I/B/E/S.Q2 RESULTS REFLECTED $389 MILLION PRE-TAX IMPACT OF A DIVESTITURE GAIN & RESTRUCTURING ACTIONS.  Full Article

USDA Food Safety And Inspection Service Chooses 3M For E. Coli, Salmonella And Listeria Testing
Monday, 9 Jul 2018 

July 9 (Reuters) - 3M Co ::USDA FOOD SAFETY AND INSPECTION SERVICE CHOOSES 3M FOR E. COLI, SALMONELLA AND LISTERIA TESTING.3M FOOD SAFETY - AWARDED CONTRACT FROM USDA FSIS FOR PATHOGEN DETECTION INSTRUMENTS AND KITS.  Full Article

New York sues 3M, others over firefighting foam
Wednesday, 20 Jun 2018 

June 20 (Reuters) - New york sues 3m , five other companies over their alleged use of hazardous firefighting foam -- statement by governor cuomo, attorney general underwood:.  Full Article

3M Says Board Determined CEO Michael Roman's Annual Base Salary To Be $1.2 Mln
Thursday, 24 May 2018 

May 24 (Reuters) - 3M Co ::3M CO SAYS IN CONNECTION WITH MICHAEL ROMAN'S APPOINTMENT AS CEO, BOARD DETERMINED ROMAN'S ANNUAL BASE SALARY TO BE $1.2 MILLION - SEC FILING.  Full Article

3M Announces New Leadership Appointment
Wednesday, 9 May 2018 

May 9 (Reuters) - 3M Co ::3M ANNOUNCES NEW LEADERSHIP APPOINTMENT.3M - MOJDEH POUL IS APPOINTED EXECUTIVE VICE PRESIDENT, SAFETY AND GRAPHICS BUSINESS GROUP, EFFECTIVE JULY 1.3M CO - POUL WILL REPLACE FRANK LITTLE, WHO HAS ANNOUNCED HIS INTENTION TO RETIRE, EFFECTIVE JULY 1, 2018.  Full Article

3M Board Declares Quarterly Dividend
Tuesday, 8 May 2018 

May 8 (Reuters) - 3M Co ::3M BOARD DECLARES QUARTERLY DIVIDEND.SETS QUARTERLY DIVIDEND OF $1.36 PER SHARE.  Full Article

3M Expects Share Repurchases In Range Of $3.0 Bln To $5.0 Bln for 2018
Tuesday, 8 May 2018 

May 8 (Reuters) - 3M Co ::3M CO SAYS EXPECTS FY 2018 GROSS SHARE REPURCHASES WILL BE IN THE RANGE OF $3.0 BILLION TO $5.0 BILLION - SEC FILING.  Full Article

US STOCKS-Futures dip as investors turn cautious with G20 in focus

* Futures down: Dow 0.09 pct, S&P 0.21 pct, Nasdaq 0.38 pct (Changes comment, adds details, updates prices)