Welcome to our dedicated page for 3M news (Ticker: MMM), a resource for investors and traders seeking the latest updates and insights on 3M stock.
3M Company (NYSE: MMM), originally known as Minnesota Mining and Manufacturing, is a global conglomerate that has been a pivotal innovator since its inception in 1902. The company excels in leveraging science and technology to create a diverse range of products that impact various sectors. As of the second quarter of 2024, 3M is structured into three core business segments: Safety and Industrial, Transportation and Electronics, and Consumer. With nearly 50% of its revenue generated outside the Americas, 3M's Safety and Industrial segment leads in net sales.
3M is renowned for its robust research and development capabilities, which have led to significant innovations across multiple industries. Its portfolio includes tens of thousands of products such as adhesives, abrasives, laminates, and healthcare solutions, touching numerous consumer and end markets. The company’s recent achievements include the successful spin-off of its healthcare division into a new entity, Solventum, which began trading on the New York Stock Exchange under the ticker symbol 'SOLV' in April 2024. This strategic move is aimed at enhancing both companies' focus on their core businesses and long-term growth strategies.
Financially, 3M has shown resilience with improved operational performance and double-digit adjusted earnings growth in the first quarter of 2024. The company also completed major legal settlements, including a $10.3 billion agreement with U.S. public water suppliers and a $6.0 billion settlement for Combat Arms Earplugs litigation.
In addition to its financial and strategic developments, 3M continues to invest in expanding its manufacturing capabilities. A notable example is the recent $67 million expansion of its Valley, Nebraska, facility, which is expected to create about 40 new jobs and increase production capacity for personal safety products.
3M’s commitment to innovation and safety is also evident in its efforts to combat counterfeit personal protective equipment (PPE). The company launched the 3M™ Verify app to help ensure the authenticity of its disposable respirators, thereby safeguarding workers' health and safety.
As a company that believes in the power of science to create a brighter world, 3M is dedicated to addressing global challenges and improving lives through its innovative solutions.
3M (NYSE: MMM) presented its medium-term financial outlook at its 2025 Investor Day in St. Paul, Minnesota. The company outlined strategic priorities focused on sustainable value creation, highlighting initiatives for innovation and commercial excellence to drive growth.
Key financial targets include:
- Organic sales growth outperforming macro trends
- Operating margin target of ~25% by 2027
- High-single digit EPS growth annually
- Greater than 100% free cash flow conversion
- Commitment to return at least $10 billion in cash to shareholders over the outlook period
CEO William Brown expressed confidence in the company's new performance-based culture and 3M eXcellence operating system to capitalize on opportunities and deliver value for customers and shareholders.
Scotch Brand is celebrating its 100th anniversary this year with the launch of "The Next 100 Project" in partnership with home solutions expert Jenn Todryk. Since inventing Scotch Masking Tape in 1925, the brand has expanded to over 1,000 varieties of adhesive products used across numerous industries.
To commemorate this milestone, Scotch Brand is hosting a -edition instant print camera giveaway from February 25 to March 31, 2025. Participants can enter by visiting Scotchbrand.com/Scotch100Giveaway and sharing what they plan to create using Scotch Brand Tape. Winners will receive the camera along with an assortment of Scotch products including Magic Tape, PROSharp Painters Tape, Gift-Wrap Tape, and Heavy Duty Packaging Tape.
"Innovation is rooted in exploration and discovery, and it is what continues to inspire us to bring new solutions to market every day," says Heather Green, president of Consumer Business Portfolio at 3M. The campaign aims to encourage creativity and celebrate the brand's history while looking toward future innovations.
Vention has launched its first turnkey robotic sanding solution, featuring a FANUC CRX-30iA collaborative robot, designed specifically for cabinetmakers and woodworkers. The Rapid Sanding Solution (RSS) comes with an intuitive touchscreen, laser-based panel measurement system, and up to eight sanding stations.
The solution is optimized for use with 3M Abrasive Solutions and includes pre-configured sanding patterns. With a compact footprint of 95 x 69 inches, it can handle panels ranging from 6.5 x 7.7 inches to 36 x 90 inches. The system is plug-and-play ready, requiring only standard 120V electrical outlets and air lines.
Early adoption success has been demonstrated at Fabridor, a Quebec-based cabinetmaker, which reported a 31% improvement in sanding efficiency. The product is available for sale now, with shipping scheduled to begin in May 2025.
3M (NYSE: MMM) announced significant changes to its Board of Directors and leadership structure. William M. Brown, current CEO, will become Chairman of the Board effective March 1, 2025, while Michael F. Roman will retire as Executive Chairman and Director, transitioning to Executive Advisor until his final retirement on May 1, 2025.
The company also announced that David P. Bozeman, President and CEO of C.H. Robinson Worldwide, has been elected to 3M's Board effective February 6, 2025, joining the Science, Technology and Sustainability Committee. Bozeman brings over 30 years of experience in supply chains, manufacturing, and digital operations from companies including Ford, Amazon, and Caterpillar.
Additionally, Amy E. Hood, who has served as a director since 2017, will not seek re-election at the 2025 annual shareholder meeting.
3M (NYSE:MMM) has announced a quarterly dividend of $0.73 per share for Q1 2025, payable on March 12, 2025, to shareholders of record as of February 14, 2025. The company highlights its consistent dividend payment track record spanning over 100 years without interruption.
Additionally, the Board has approved a new share repurchase program of up to $7.5 billion, replacing the existing program, with no pre-established end date. As of December 31, 2024, 3M reported 539,470,303 outstanding common shares and 57,056 shareholders of record.
3M (MMM) has joined the US-JOINT Consortium, a strategic partnership of 12 leading semiconductor suppliers focused on advancing semiconductor technology in the United States. The consortium, founded in 2023 and led by Japan-based Resonac, aims to drive research and development in next-generation semiconductor advanced packaging and back-end processing technologies.
The partnership will be anchored by a new cutting-edge facility in Silicon Valley, expected to be unveiled later this year. 3M brings over 25 years of experience as a supplier of materials and processing aids for semiconductor polishing, advanced packaging, and chip transport applications, along with expertise across more than 50 technology platforms.
3M (MMM) reported Q4 2024 results with sales of $6.0 billion, up 0.1% year-over-year, and adjusted sales of $5.8 billion showing organic growth of 2.1%. Q4 GAAP EPS from continuing operations reached $1.33, up 17% YoY, while adjusted EPS was $1.68, down 2% YoY.
For full-year 2024, the company posted sales of $24.6 billion, down 0.1% YoY, with adjusted sales of $23.6 billion showing organic growth of 1.2%. Full-year GAAP EPS from continuing operations was $7.26, with adjusted EPS of $7.30, up 21% YoY. The company generated operating cash flow of $1.8 billion and adjusted free cash flow of $4.9 billion.
Looking ahead to 2025, 3M expects adjusted total sales growth of 0.5% to 1.5%, with adjusted organic sales growth of 2% to 3%. The company projects adjusted EPS between $7.60 and $7.90, and adjusted operating cash flow of $5.2 to $5.3 billion.
3M (MMM) and Discovery Education have launched the 2025 3M Young Scientist Challenge, America's premier middle school science competition. Open to students in grades 5-8, the challenge offers a $25,000 grand prize, mentorship with a 3M scientist, and the title of 'America's Top Young Scientist.' Submissions are accepted until May 1, 2025.
The competition will recognize one grand prize winner, 10 finalists, four honorable mentions, and up to 51 state merit winners. This year's entry topics include robotics, home improvement, automotive, safety, AR/VR, and climate technology. Students must submit videos explaining their original solutions to everyday problems, evaluated based on creativity, scientific knowledge, and communication skills.
The 2024 winner, Sirish Subash, created Pestiscand, a device detecting pesticide residues on produce using spectrophotometry. The 10 finalists will participate in a summer mentorship program and compete at the 3M Innovation Center in St. Paul, Minnesota, during the final event on October 13-14, 2025.
3M (NYSE: MMM) has announced a key upcoming investor event: the fourth-quarter 2024 earnings conference call, scheduled for Tuesday, January 21, 2025, at 8 a.m. CT. The event will be accessible via live webcast, with a replay option available for those unable to attend the live session. Interested parties can access both the live presentation and replay through 3M's Investor Relations website at investors.3M.com.
3M (MMM) and US Conec have announced a strategic licensing agreement for 3M™ Expanded Beam Optical Interconnect technology, aimed at addressing next-generation data center requirements. The collaboration merges 3M's advanced optical technology with US Conec's expertise in high-density connectivity systems.
The technology offers both single-mode and multimode configurations, featuring non-contact optical coupling that reduces maintenance needs and ensures reliable performance. US Conec will manufacture and supply products using this technology, focusing on hyperscale data centers and edge computing environments. The solution aims to minimize wear, reduce sensitivity to contamination, and help lower operational costs while maintaining signal integrity.
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