3M Corp Stock Price, News & Analysis

3M's Scotch-Brite, America's leading scrub sponge brand, has launched a new marketing campaign titled 'The Brite Side of Clean' featuring Outkast's hit song 'So Fresh, So Clean'. The campaign aims to transform cleaning from a chore into a feel-good experience.

The initiative includes a 30-second commercial and will be distributed across multiple platforms including connected TV (Hulu, Netflix, Prime, YouTube), digital displays, social media, in-store displays, and billboards. The campaign also features brand ambassadors called the 'Sparkle Squad' and includes a VIP event at Coachella.

The campaign launch is strategically timed for the spring-cleaning season, focusing on presenting cleaning as an act of self-care and positivity, particularly relevant as homes continue to serve as multifunctional spaces for work, play, and relaxation.

3M (NYSE: MMM) has announced an upcoming investor event at the J.P. Morgan Industrials Conference scheduled for Tuesday, March 11, 2025. The company's Chairman and CEO, William Brown, will deliver a presentation at 8:15 a.m. ET.

The event will be accessible through a live webcast, with a replay option available afterward on 3M's Investor Relations website at http://investors.3M.com.

3M (NYSE: MMM) presented its medium-term financial outlook at its 2025 Investor Day in St. Paul, Minnesota. The company outlined strategic priorities focused on sustainable value creation, highlighting initiatives for innovation and commercial excellence to drive growth.

Key financial targets include:

• Organic sales growth outperforming macro trends
• Operating margin target of ~25% by 2027
• High-single digit EPS growth annually
• Greater than 100% free cash flow conversion
• Commitment to return at least $10 billion in cash to shareholders over the outlook period

CEO William Brown expressed confidence in the company's new performance-based culture and 3M eXcellence operating system to capitalize on opportunities and deliver value for customers and shareholders.

Scotch Brand is celebrating its 100th anniversary this year with the launch of "The Next 100 Project" in partnership with home solutions expert Jenn Todryk. Since inventing Scotch Masking Tape in 1925, the brand has expanded to over 1,000 varieties of adhesive products used across numerous industries.

To commemorate this milestone, Scotch Brand is hosting a -edition instant print camera giveaway from February 25 to March 31, 2025. Participants can enter by visiting Scotchbrand.com/Scotch100Giveaway and sharing what they plan to create using Scotch Brand Tape. Winners will receive the camera along with an assortment of Scotch products including Magic Tape, PROSharp Painters Tape, Gift-Wrap Tape, and Heavy Duty Packaging Tape.

"Innovation is rooted in exploration and discovery, and it is what continues to inspire us to bring new solutions to market every day," says Heather Green, president of Consumer Business Portfolio at 3M. The campaign aims to encourage creativity and celebrate the brand's history while looking toward future innovations.

Vention has launched its first turnkey robotic sanding solution, featuring a FANUC CRX-30iA collaborative robot, designed specifically for cabinetmakers and woodworkers. The Rapid Sanding Solution (RSS) comes with an intuitive touchscreen, laser-based panel measurement system, and up to eight sanding stations.

The solution is optimized for use with 3M Abrasive Solutions and includes pre-configured sanding patterns. With a compact footprint of 95 x 69 inches, it can handle panels ranging from 6.5 x 7.7 inches to 36 x 90 inches. The system is plug-and-play ready, requiring only standard 120V electrical outlets and air lines.

Early adoption success has been demonstrated at Fabridor, a Quebec-based cabinetmaker, which reported a 31% improvement in sanding efficiency. The product is available for sale now, with shipping scheduled to begin in May 2025.

3M (NYSE: MMM) announced significant changes to its Board of Directors and leadership structure. William M. Brown, current CEO, will become Chairman of the Board effective March 1, 2025, while Michael F. Roman will retire as Executive Chairman and Director, transitioning to Executive Advisor until his final retirement on May 1, 2025.

The company also announced that David P. Bozeman, President and CEO of C.H. Robinson Worldwide, has been elected to 3M's Board effective February 6, 2025, joining the Science, Technology and Sustainability Committee. Bozeman brings over 30 years of experience in supply chains, manufacturing, and digital operations from companies including Ford, Amazon, and Caterpillar.

Additionally, Amy E. Hood, who has served as a director since 2017, will not seek re-election at the 2025 annual shareholder meeting.

3M (NYSE:MMM) has announced a quarterly dividend of $0.73 per share for Q1 2025, payable on March 12, 2025, to shareholders of record as of February 14, 2025. The company highlights its consistent dividend payment track record spanning over 100 years without interruption.

Additionally, the Board has approved a new share repurchase program of up to $7.5 billion, replacing the existing program, with no pre-established end date. As of December 31, 2024, 3M reported 539,470,303 outstanding common shares and 57,056 shareholders of record.

3M (MMM) has joined the US-JOINT Consortium, a strategic partnership of 12 leading semiconductor suppliers focused on advancing semiconductor technology in the United States. The consortium, founded in 2023 and led by Japan-based Resonac, aims to drive research and development in next-generation semiconductor advanced packaging and back-end processing technologies.

The partnership will be anchored by a new cutting-edge facility in Silicon Valley, expected to be unveiled later this year. 3M brings over 25 years of experience as a supplier of materials and processing aids for semiconductor polishing, advanced packaging, and chip transport applications, along with expertise across more than 50 technology platforms.

3M (MMM) reported Q4 2024 results with sales of $6.0 billion, up 0.1% year-over-year, and adjusted sales of $5.8 billion showing organic growth of 2.1%. Q4 GAAP EPS from continuing operations reached $1.33, up 17% YoY, while adjusted EPS was $1.68, down 2% YoY.

For full-year 2024, the company posted sales of $24.6 billion, down 0.1% YoY, with adjusted sales of $23.6 billion showing organic growth of 1.2%. Full-year GAAP EPS from continuing operations was $7.26, with adjusted EPS of $7.30, up 21% YoY. The company generated operating cash flow of $1.8 billion and adjusted free cash flow of $4.9 billion.

Looking ahead to 2025, 3M expects adjusted total sales growth of 0.5% to 1.5%, with adjusted organic sales growth of 2% to 3%. The company projects adjusted EPS between $7.60 and $7.90, and adjusted operating cash flow of $5.2 to $5.3 billion.