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.
3M Company reported its Q2 2022 financial results, highlighting a significant $1.2 billion pre-tax charge due to ongoing litigation related to Combat Arms Earplugs. GAAP earnings per share were $0.14, while adjusted EPS stood at $2.48. The company experienced a 3% decline in sales, totaling $8.7 billion, influenced by a strong U.S. dollar and reduced demand from China lockdowns. Additionally, operating cash flow dropped 40% year-on-year, amounting to $1.1 billion. 3M announced adjustments to its full-year outlook, expecting total sales growth to range from -2.5% to -0.5%.
3M (NYSE: MMM) has announced plans to spin off its Health Care business, creating two separate public companies. The New 3M will focus on material science innovations, generating $26.8 billion in sales in 2021, while Health Care aims for healthcare technology leadership. The spin-off is expected to be tax-free for U.S. federal income tax purposes and completed by year-end 2023. Each entity will benefit from enhanced agility, tailored capital allocation strategies, and unique management teams. Additionally, 3M will retain a 19.9% stake in Health Care for future monetization.
3M (NYSE: MMM) announced the second-quarter 2022 earnings conference call scheduled for July 26, 2022, at 8 a.m. CDT. Investors can participate by calling (800) 762-2596 in the U.S. or +1 (212) 231-2916 internationally. The event will also be webcast live and available for replay on 3M's Investor Relations website at http://investors.3M.com. This event highlights 3M's commitment to transparency and investor engagement.
3M has announced the top 10 finalists and four honorable mentions for the 2022 Young Scientist Challenge. Fourteen students, aged 12-14, have submitted innovative solutions to global challenges, evaluated by a panel of judges, including 3M scientists. The finalists will present their projects at the 3M Innovation Center in Minneapolis on October 17-18, 2022. The winner will receive $25,000 and the title of America's Top Young Scientist. 3M aims to support young innovators to harness STEM for community improvement.
The Flemish Government and 3M Belgium have announced a significant investment exceeding €571 million to address environmental concerns and support local communities in Flanders. This agreement resolves previous disputes over PFAS-related issues and includes commitments for priority remedial actions such as soil remediation and reduced PFAS emissions. Key financial allocations include €250 million for identified remedial actions and €100 million for government-determined PFAS-related initiatives. This collaboration aims to strengthen community relations and enhance transparency regarding 3M's operations.
3M (NYSE: MMM) has agreed to sell its rights to the Neoplast™ and Neobun™ brands and related assets in Thailand and select Southeast Asian countries to Selic Corp Public Company Limited. This strategic decision aims to focus on priority areas within 3M's Consumer Health & Safety Division. The sale, expected to close in Q4 2022, involves the manufacturing assets at the Ladlumkaew facility, which will cease operations affecting approximately 250 employees. The financial impact on 3M is reported to be immaterial.
On May 25, 2022, 3M announced that Malarkey Roofing Products has installed enough smog-reducing roofing materials to protect over 400,000 roofs, equivalent to the smog-fighting capability of more than 1 million trees. The 3M Smog-reducing Granules use a photocatalytic process to transform nitrogen oxides into a plant-usable form when exposed to UV light. This innovation aligns with sustainability efforts, as more than 40% of Americans live in areas with unhealthy air pollution. The granules integrate seamlessly into roofing shingles without altering performance or aesthetics.
3M (NYSE: MMM) announced its participation in Bernstein's 38th Annual Strategic Decisions Conference on June 1, 2022. Mike Roman, the chairman and CEO, will speak at 9 a.m. EDT. The event will be webcast live, with a replay available on 3M's Investor Relations website.
This conference provides a platform for discussing strategic directions and investor insights, emphasizing 3M’s commitment to transparency and investor engagement.
