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3M Corp - MMM STOCK NEWS

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.

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3M and Discovery Education have officially opened submissions for the 2024 Young Scientist Challenge, inviting young innovators to present their solutions to real-world problems. The initiative aims to foster STEM education and inspire the next generation of scientists and engineers. Submissions are open to students in grades 5-8, with the chance to win the title of 'America's Top Young Scientist' and a grand prize of $25,000.
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3M announces accelerated payment of $253.1 million for Combat Arms Earplug settlement, reaching 100% participation from remaining wave claimants. The company has received strong and widespread support from claimants and the broader military community since the announcement of the settlement agreement in August 2023.
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3M Health Care's Medical Solutions Division (MMM) was awarded $34.2 million from the U.S. Army Medical Research Acquisition Activity to develop new solutions for infection prevention, wound management, and wound healing. The program will focus on treatment strategies in austere settings, biofilm control, biomarker monitoring, and healing in acute trauma situations. 3M will collaborate with various military and civilian partners to bring these solutions to fruition.
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3M (MMM) to hold fourth-quarter 2023 earnings conference call on January 23, 2024, at 8 a.m. CST
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3M (NYSE: MMM) announced the freeze of its U.S. pension plans for non-union U.S. employees, effective Dec. 31, 2028. Pension-eligible employees will continue to accrue benefits until the freeze date. The move from a pension plan to a 401(k) retirement plan structure aims to provide employees with more flexibility and control. Former employees with vested pension benefits, retirees, and those receiving pension annuity payments are not affected.
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3M (MMM) to Debut Self-Charging Protective Communications Headset at CES 2024, Partnered with Exeger to Optimize Powerfoyle Solar Cells
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3M (MMM) makes a $250 million payment to the Qualified Settlement Fund for Combat Arms Earplug settlement agreement, with 25,000-30,000 claimants expected to dismiss litigation. Court dismisses over 22,000 claims for non-compliance, as Aearo and 3M continue to work towards full implementation of the settlement.
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3M (MMM) sells its fifty-percent equity stake in Combi Packaging Systems, LLC to SIAT Group, a provider of case taping machinery, wrapping machinery, and strapping equipment. The sale will not have a material impact on 3M's financial results.
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3M Health Information Systems (HIS) (MMM) broadens collaboration with Smart Reporting, a leading German technology provider in radiology and pathology reporting. This partnership expands the current reseller agreement between the two companies in international markets to now include the United States. The collaboration aims to empower radiologists and reduce administrative overload and burnout through complementary solutions.
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3M (MMM) announced an investor event at the Wolfe Research Inaugural Reshoring Conference on Dec. 5, 2023. Mike Roman, Chairman and CEO, will speak at 8:20 a.m. EST. The event will be webcast live and a replay will be available on 3M's Investor Relations website.
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FAQ

What is the current stock price of 3M (MMM)?

The current stock price of 3M (MMM) is $150.52 as of February 27, 2025.

What is the market cap of 3M (MMM)?

The market cap of 3M (MMM) is approximately 80.0B.

What are the core business segments of 3M?

3M operates through three main business segments: Safety and Industrial, Transportation and Electronics, and Consumer.

What recent strategic changes has 3M made?

3M recently completed the spin-off of its healthcare division into a new company named Solventum, which began trading on the NYSE under the ticker symbol 'SOLV'.

How did 3M perform financially in the first quarter of 2024?

3M delivered strong financial performance in the first quarter of 2024, achieving double-digit adjusted earnings growth and better-than-expected results.

What legal settlements has 3M recently completed?

3M finalized a $10.3 billion settlement with U.S. public water suppliers and a $6.0 billion settlement related to Combat Arms Earplugs litigation.

What is the focus of 3M’s Safety and Industrial segment?

The Safety and Industrial segment is focused on products like adhesives, abrasives, and personal protective equipment (PPE), which lead the company's net sales.

How is 3M combating counterfeit PPE products?

3M has introduced the 3M™ Verify app to help validate the authenticity of its disposable respirators, ensuring worker safety.

What investment has 3M made in its Valley, Nebraska facility?

3M invested $67 million to expand its Valley, Nebraska facility, increasing production capacity and creating about 40 new jobs.

What percentage of 3M’s revenue comes from outside the Americas?

Nearly 50% of 3M's revenue is generated from markets outside the Americas.

What are some of the products developed by 3M?

3M develops a wide range of products, including adhesives, abrasives, laminates, healthcare solutions, and personal protective equipment.

What is 3M's commitment to innovation?

3M is dedicated to leveraging science and technology to create innovative solutions that improve lives and address global challenges.
3M Corp

NYSE:MMM

MMM Rankings

MMM Stock Data

80.04B
541.10M
0.12%
68.48%
1.19%
Conglomerates
Surgical & Medical Instruments & Apparatus
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United States
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