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) delivers cutting-edge materials science solutions across safety, transportation, and consumer markets. This news hub provides investors and industry professionals with centralized access to official corporate developments and market-moving updates.
Track 3M's latest earnings announcements, product innovations, and strategic initiatives through verified press releases and curated analysis. Our repository covers essential updates across all business segments including industrial safety systems, electronic materials advancements, and consumer product developments.
Key content categories include quarterly financial disclosures, manufacturing process innovations, sustainability initiatives, and global market expansions. Each update is presented with contextual clarity to support informed decision-making without speculative commentary.
Bookmark this page for streamlined monitoring of 3M's operational milestones and regulatory filings. Combine our real-time updates with historical performance data to maintain a complete perspective on this diversified industrial innovator.
On November 8, 2022, 3M announced a quarterly dividend of $1.49 per share, set to be paid on December 12, 2022, to shareholders on record by November 18, 2022. This marks over 100 years of uninterrupted dividend payments from the company, highlighting its commitment to shareholder returns. As of September 30, 2022, 3M had 552,742,915 common shares outstanding and 63,282 shareholders of record, reflecting a stable shareholder base.
3M (NYSE: MMM) has reached an agreement with the U.S. Environmental Protection Agency (EPA) to enhance water quality in the Cordova region by addressing per- and polyfluoroalkyl substances (PFAS). The plan includes expanding drinking water sampling and installing treatment technologies for the Camanche public water system. 3M has already invested over $170 million in a wastewater treatment system aimed to capture over 95% of PFAS. This collaboration demonstrates 3M's commitment to community engagement and environmental responsibility, building on previous proactive measures taken since 2019.
3M is actively participating in COP27 in Sharm El Sheikh, Egypt, aiming to advance climate action through collaboration and science. The company is dedicated to achieving carbon neutrality by 2050 and has already reduced its Scope 1 and 2 emissions by 75% since 2002. At COP27, 3M will engage in discussions on energy security and accelerate partnerships for effective climate solutions. The company emphasizes the importance of science in facilitating sustainable innovation, including projects for green hydrogen production and climate resilience technologies.
3M's Scotch™ Brand has introduced the Packt by Scotch line, offering sustainable and design-forward packing supplies for holiday shipping. This new collection includes envelopes, mailers, boxes, and various decorative items, all made with recycled materials and soy-based inks. The product line aims to enhance the package sending experience, making it enjoyable and aesthetically pleasing. 3M emphasizes that these solutions cater to both experienced packers and those seeking easy, stylish options for the holiday season.
3M reported its third-quarter 2022 results with GAAP earnings per share of $6.77 and adjusted earnings per share of $2.69. Sales reached $8.6 billion, a 4% year-on-year decline, impacted by divestitures and foreign currency translation effects. Organic sales growth was 2%, driven down by disposable respirator demand. Operating cash flow decreased by 18% to $1.5 billion. The company returned $1.0 billion to shareholders. 3M updated its full-year sales and earnings outlook, reflecting a challenging macroeconomic environment.
3M has launched the 3M Filtek Matrix, a new restorative dental solution designed to enhance patient care while reducing costs. This innovative system enables a less invasive procedure, using digital design to create a patient-specific matrix for composite placement. It allows dentists to perform restorations with increased confidence and efficiency, improving chair time and aesthetic outcomes. Clinicians can integrate the Filtek Matrix with 3M Dental Restoratives for optimal strength. The product aims to cater to the growing demand for affordable dental care.
3M Health Care's Medical Solutions Division announced that its 3M™ V.A.C.® Therapy negative pressure wound therapy (NPWT) has surpassed a significant clinical milestone with over 2,000 peer-reviewed studies published. This achievement highlights V.A.C. Therapy as the most clinically supported NPWT solution, accounting for 75% of all published NPWT evidence. The studies cover a variety of wound types and care settings, promoting innovations in wound management. With continuous product evolution, 3M focuses on enhancing patient outcomes and clinician efficiency in wound care.
3M has launched the Post-it® App for Microsoft Teams, enhancing collaboration in hybrid work environments. This app enables users to create and share Post-it® Notes digitally, bridging the gap between physical and digital brainstorming. Key features include smartphone integration for capturing handwritten notes, 'Zen Mode' for focused work, and tools for achieving consensus among team members. The app supports inclusive collaboration and is available for a free 30-day trial on Microsoft AppSource.
3M has launched its next-generation Scotchlite Reflective Material Industrial Wash Transfer Films, designed for durability in harsh washing conditions. The 9725 Transfer Film withstands up to 75 industrial wash cycles and 50 disinfectant washes, while the 9745 Flame Resistant Film lasts up to 100 industrial cycles. Both products comply with the Oeko-Tex Standard 100, emphasizing sustainability. Developed with leading detergent suppliers, these innovations aim to enhance safety in various industries, including construction and manufacturing, while reducing ownership costs.
