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3M Co (MMM.N)

MMM.N on New York Stock Exchange

236.67USD
16 Feb 2018
Change (% chg)

$1.80 (+0.77%)
Prev Close
$234.87
Open
$234.97
Day's High
$238.43
Day's Low
$233.40
Volume
1,007,451
Avg. Vol
706,575
52-wk High
$259.77
52-wk Low
$181.70

Latest Key Developments (Source: Significant Developments)

3M Reports Q4 Earnings Per Share $0.85
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - 3M Co ::3M REPORTS FOURTH-QUARTER 2017 RESULTS; RAISES 2018 EARNINGS OUTLOOK.SEES FY 2018 EARNINGS PER SHARE $10.20 TO $10.70.Q4 GAAP EARNINGS PER SHARE $0.85.Q4 SALES $8.0 BILLION VERSUS I/B/E/S VIEW $7.83 BILLION.Q4 EARNINGS PER SHARE VIEW $2.02 -- THOMSON REUTERS I/B/E/S.‍RAISED 2018 FULL-YEAR EARNINGS OUTLOOK: GAAP EPS OF $10.20 TO $10.70 VERSUS $9.60 TO $10.00 PREVIOUSLY​.QTRLY ‍ORGANIC LOCAL-CURRENCY SALES GROWTH OF 6.0 PERCENT​.‍EXCLUDING NET IMPACT OF TAX CUTS AND JOBS ACT (TCJA), QTRLY EPS OF $2.10.QTRLY ‍ INDUSTRIAL SALES OF $2.7 BILLION, UP 6.9 PERCENT IN U.S. DOLLARS​.‍TCJA RESULTED IN NET TAX EXPENSE IN Q4 OF $762 MILLION, OR $1.25 PER SHARE​.‍ FOREIGN CURRENCY TRANSLATION IN QUARTER INCREASED SALES BY 2.7 PERCENT YEAR-ON-YEAR​.‍ ANTICIPATES 2018 TAX RATE WILL BE 20.0 TO 22.0 PERCENT​.‍ AFFIRMED ITS 2018 FREE CASH FLOW CONVERSION OF 90 TO 100 PERCENT ​.FY2018 EARNINGS PER SHARE VIEW $9.93 -- THOMSON REUTERS I/B/E/S.‍AFFIRMED 2018 ORGANIC LOCAL-CURRENCY SALES GROWTH EXPECTATIONS OF 3 PERCENT - 5 PERCENT, FREE CASH FLOW CONVERSION OF 90 PERCENT - 100 PERCENT.  Full Article

3M Increases Quarterly Dividend By 16 Percent To $1.36 Per Share
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - 3M Co ::3M INCREASES DIVIDEND 16 PERCENT.INCREASES QUARTERLY DIVIDEND BY 16 PERCENT TO $1.36 PER SHARE.  Full Article

3M Submits 510(K) Application For 24-Minute Readout For Steam Sterilization Assurance
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - 3M Co ::3M SUBMITS 510(K) APPLICATION FOR 24-MINUTE READOUT FOR STEAM STERILIZATION ASSURANCE.3M CO - ‍NEW SYSTEM WILL UTILIZE EXISTING HARDWARE AND WILL CONTINUE TO USE SAME BI TECHNOLOGY THAT CUSTOMERS USE TODAY​.  Full Article

3M Files Patent Infringement Lawsuit Against Elo Touch Solutions
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - 3M Co ::3M FILES LAWSUIT TO ENFORCE ITS PATENT RIGHTS IN METAL MESH CONDUCTOR TECHNOLOGY USED IN TOUCH SCREENS.SAYS CO, ‍3M INNOVATIVE PROPERTIES FILED PATENT INFRINGEMENT LAWSUIT AGAINST ELO TOUCH SOLUTIONS.  Full Article

3M Co Says Expects Annual Savings Of $500 Mln To $700 Mln By 2020
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - 3M Co ::3M CO SAYS EXPECTS $500 MILLION TO $700 MILLION ANNUAL SAVINGS, $500 MILLION WORKING CAPITAL IMPROVEMENT BY 2020‍​ - PRESENTATION.  Full Article

3M To Continue Its Strong Momentum In 2018
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - 3M Co ::3M TO CONTINUE ITS STRONG MOMENTUM IN 2018.- SEES FULL-YEAR 2018 GAAP EARNINGS PER SHARE OF $9.60 TO $10.00.SEES ‍TOTAL SALES GROWTH OF 5 TO 7 PERCENT; ORGANIC LOCAL-CURRENCY SALES GROWTH OF 3 TO 5 PERCENT FOR FULL-YEAR 2018​.SAYS IS TRACKING TO TOP HALF OF BOTH ITS FULL-YEAR 2017 ORGANIC GROWTH RANGE OF 4 TO 5 PERCENT AND EARNINGS PER SHARE RANGE OF $9.00 TO $9.10.FY2018 EARNINGS PER SHARE VIEW $9.63, REVENUE VIEW $33.16 BILLION -- THOMSON REUTERS I/B/E/S.FY2017 EARNINGS PER SHARE VIEW $9.07, REVENUE VIEW $31.49 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Corning To Acquire Substantially All Of 3M's Communication Markets Division
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Corning Inc ::CORNING TO ACQUIRE SUBSTANTIALLY ALL OF 3M'S COMMUNICATION MARKETS DIVISION.CORNING INC - ‍CORNING EXPECTS TRANSACTION TO ADD $0.07-$0.09 TO 2019 EPS​.  Full Article

3M To Sell Substantially All Of Its Communication Markets Division For $900 Mln
Monday, 11 Dec 2017 

Dec 11 (Reuters) - 3M Co ::3M TO SELL SUBSTANTIALLY ALL OF ITS COMMUNICATION MARKETS DIVISION.3M CO - DEAL FOR $900 MILLION.3M CO - ‍APPROXIMATELY 500 3M EMPLOYEES ARE EXPECTED TO JOIN CORNING UPON COMPLETION OF TRANSACTION​.3M CO - 3M EXPECTS TO REALIZE A GAIN OF APPROXIMATELY $0.40 PER SHARE FROM TRANSACTION, NET OF ACTIONS RELATED TO DIVESTITURE.3M CO SAYS HAS ENTERED INTO AGREEMENTS RELATED TO SALE OF SUBSTANTIALLY ALL OF ITS COMMUNICATION MARKETS DIVISION TO CORNING INCORPORATED.3M CO - EXPECTS TO REALIZE A GAIN OF APPROXIMATELY $0.40 PER SHARE FROM DEAL, NET OF ACTIONS RELATED TO DIVESTITURE​.  Full Article

3M board declares quarterly dividend
Wednesday, 15 Nov 2017 

Nov 14 (Reuters) - 3M Co :3M board declares quarterly dividend.Sets quarterly dividend of $1.175per share.  Full Article

3M anticipates Dept of Labor investigation will conclude in first half of 2018
Wednesday, 1 Nov 2017 

Oct 31 (Reuters) - 3M Co :3M Co anticipates that the U.S. Department of Labor will conclude its investigation, related to co's pension plan, in the first half of 2018 - SEC filing.3M - Investigation that began in 2015 relates to certain private equity investments, plan expenses, securities lending, and distributions of plan benefits.  Full Article

BRIEF-State Street Corp Reports 7.58 Pct Passive Stake In 3M

* STATE STREET CORPORATION REPORTS A 7.58 PERCENT PASSIVE STAKE IN 3M COMPANY AS OF DEC 31 - SEC FILING Source text: (http://bit.ly/2BoxLFv) Further company coverage: