sector: Industrials ·
industry: Industrial Conglomerates ·
As of
25 Nov 2009
77.91USD
3M Company (3M) is a diversified technology company with global presence in industrial and transportation; health care; safety, security and protection services; consumer and office; display and graphics, and electro and communications. The Company is a primary manufacturer of products for many of the markets it serves. 3M operates in six operating business segments: industrial and transportation; health care; safety, security and protection services; consumer and office; display and graphics, and electro and communications. The Company’s products are sold through numerous distribution channels, including directly to users and through numerous wholesalers, retailers, jobbers, distributors and dealers in a variety of trades in many countries worldwide. In February 2009, the Company announced the formation of its Renewable Energy Division within 3M's Industrial and Transportation Business.
BRIEF: For the nine months ended 30 September 2009, 3M Company's revenues fell 14% to $17B. Net income fell 23% to $2.26B. Revenues reflect lower sales from Industrial & transportation, fall in income from health care, a decrease in revenue from consumer & office, reduced income from safety, security & protection services and decreased income from electro & communications segment. Net income also reflects higher interest expenses.
3M Company
3M Center
St. Paul MN 55144
P: +1651.7331110
F: +1651.7339973