3M Corp Stock Price, News & Analysis

3M's Post-it Brand is launching new collections of Post-it Notes in collaboration with the Pantone Color Institute, marking a colorful refresh for their iconic products. The collections, featuring vibrant and pastel tones like Summer Joy and Simply Serene, aim to inspire creativity and organization in various settings including home, school, and office. This partnership emphasizes the importance of color in creativity and innovation, enhancing the appeal of Post-it Notes for consumers.

3M (NYSE: MMM) has announced a €150 million investment to address legacy PFAS issues in the Zwijndrecht community. This funding is part of ongoing efforts to enhance environmental stewardship and ensure compliance with local regulations. CEO Mike Roman emphasized collaboration with Flemish authorities to resolve stakeholder concerns. The company plans to charge this investment in Q1 2022, reflecting a commitment to reduce PFAS discharges and support local farmers affected by these issues. The initiative aligns with 3M's broader global environmental objectives.

3M has pledged to enhance safety in 100 school zones across 23 countries by 2024, responding to alarming statistics that road traffic accidents are the leading cause of death for children aged five and up. The initiative aims to improve visibility and safety measures, particularly in under-resourced communities. The first transformations will begin in Nashville, TN this April, coinciding with National Distracted Drivers Awareness Month. Collaborations with NGOs and government entities are set to create a scalable safety model that prioritizes children's safety on their way to school.

David and Marta Hall, former executives and major stakeholders of Velodyne Lidar (NASDAQ: VLDR), issued an open letter urging the removal of Chairman Michael Dee and nominating three new board candidates. They criticized Dee for breaching fiduciary duties, manipulating director classes to evade re-election, and overseeing a 90% stock price drop. They highlighted dismal financial performance, including a $212 million net loss in 2021 and a 35% year-over-year revenue decline. The Halls aim to realign the board towards stockholder interests and foster innovation.

On March 8, 2022, 3M (NYSE: MMM) announced two upcoming investor events. The J.P. Morgan 2022 Industrials Conference will take place on March 15, 2022, with Monish Patolawala speaking at 3:00 p.m. EDT. The Bank of America Global Industrials Conference 2022 is scheduled for March 17, 2022, where Patolawala will present at 1:20 p.m. EDT. Both events will be available via live webcast and later on 3M's Investor Relations website.

3M (NYSE: MMM) has completed the sale of its floor products business in Western Europe, previously known as Dinac, to Gerflor Group. The transaction is part of 3M's strategic portfolio management, focusing on prioritizing high-value sectors. The sold business generated annual sales of approximately 25 million euros in 2021 and will have a negligible impact on 3M's financial results. About 100 employees from 3M transitioned to Gerflor as part of this deal, which included manufacturing operations located in La Mure, France.

3M has launched 3M Futures, a platform to explore five key global trends in science and technology shaping the future. Key topics include Augmented Reality, Artificial Intelligence, Sustainable Materials, Pandemic Awareness, and Equity in Science. The initiative features insights from a global survey conducted in 11 countries, highlighting priorities such as public health and sustainability. The platform aims to facilitate ongoing discussions and showcase innovations as 3M continues to impact the future through science and technology.

3M (NYSE: MMM) has announced two upcoming investor events in February 2022. The Citi 2022 Global Industrial Tech and Mobility Conference will take place on February 22, 2022, at 11:20 a.m. EST, featuring CEO Mike Roman and CFO Monish Patolawala. The Barclays Industrial Select Conference is scheduled for February 23, 2022, at 1:15 p.m. EST, with the same executives. Both events will be webcast live, and replays will be available on 3M's Investor Relations website.