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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.
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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.
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On February 14, 2022, 3M announced its 2022 financial outlook, projecting total sales growth of 1% to 4%, including organic growth of 2% to 5%. The company expects earnings per share between $10.15 and $10.65, despite a predicted 2 percentage point decline in organic growth due to reduced demand for COVID-19-related respirators. 3M emphasized its commitment to innovation, sustainability, and a $1 billion investment over 20 years to achieve carbon neutrality. Notable investments include $165 million for water quality improvements at its Cottage Grove facility.
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3M (NYSE: MMM) announced the election of Suzan Kereere to its Board of Directors, effective February 10, 2022. This decision expanded the Board's size from 12 to 13 members. Kereere brings over 20 years of global business leadership experience, previously serving as Head of Global Business Solutions at Fiserv and holding roles at Visa and American Express. Her background includes significant achievements in driving growth and advocating for diversity and inclusion. 3M's chairman, Mike Roman, expressed confidence in Kereere's ability to offer valuable insights and leadership.
The 3M Board of Directors has declared a quarterly dividend of $1.49 per share for Q1 2022, payable on March 12, 2022, to shareholders of record on February 18, 2022. 3M has maintained uninterrupted dividend payments for over 100 years and has returned over $14 billion to shareholders in the past three years. This dividend declaration marks the 64th consecutive year of dividend increases, showcasing the company's commitment to returning value to its shareholders.
ST. PAUL, Minn., Feb. 8, 2022 /PRNewswire/ -- 3M™ M*Modal Fluency for Imaging has achieved the Best in KLAS 2022 title in the Speech Recognition Front-End, Imaging category. This AI-driven solution enhances clinical documentation and workflow for radiologists through advanced speech recognition and integrated productivity tools, ensuring accurate documentation. Garri Garrison, president of 3M Health Information Systems, emphasized the solution's ability to improve reporting speed and accuracy, affirming its competitive edge in healthcare.
3M reported its fourth-quarter and full-year 2021 results, highlighting a 10% growth in overall sales for the year, amounting to $35.4 billion. In Q4, sales reached $8.6 billion, up 0.3% year-on-year, with notable increases in Consumer (4.1%) and Health Care (0.7%) segments. However, sales declined in Transportation and Electronics (1.5%) and Safety and Industrial (2.2%). The Q4 earnings per share were $2.31, a 4% decrease from the previous year. 3M returned $1.8 billion to shareholders in Q4, including $848 million in dividends.
3M (NYSE: MMM) has scheduled a Virtual Strategic Update and 2022 Outlook Meeting for February 14, 2022, from 8-11 a.m. CST. Investors can access the event via webcast or by calling (800) 762-2596 in the U.S. and +1 (212) 231-2916 internationally.
The meeting will feature presentations from key executives, including CEO Mike Roman, and will cover 3M's strategic priorities and financial outlook for 2022, concluding with a Q&A session.
On January 13, 2022, 3M announced its ongoing efforts to provide access to N95 respirators amid the surge of the Omicron variant. The company ensures that its NIOSH-approved N95 masks filter out at least 95% of airborne particles, helping to protect users against viruses. 3M is the largest N95 manufacturer in the U.S., with plants in South Dakota and Nebraska. The press release also highlights the importance of proper fit and offers resources to combat counterfeit products, having already seized over 55 million fraudulent respirators. N95s are available at major retailers and online.
3M (NYSE: MMM) announced its fourth-quarter 2021 earnings conference call scheduled for January 25, 2022, at 8 a.m. CST. Investors can join the call by dialing (800) 762-2596 in the U.S. or +1 (212) 231-2916 internationally. The conference call will be accessible via live webcast, with a replay available on 3M's Investor Relations website.
3M focuses on applying science to enhance daily lives, collaborating globally to tackle challenges and deliver innovative solutions.
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