3M Corp Stock Price, News & Analysis

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.

NEOGEN Corporation (NASDAQ: NEOG) and 3M (NYSE: MMM) announced a transaction to separate 3M's Food Safety business, valued at approximately $5.3 billion, and combine it with NEOGEN. This merger aims to create a leading innovator in food safety, increasing NEOGEN’s revenue from this segment to approximately 70% of total revenue. Pro forma revenues are projected to reach $1 billion in the first full year post-closing, with anticipated synergies of $30 million in EBITDA. The transaction is expected to close by Q3 2022.

3M has announced its participation in the Credit Suisse 9th Annual Virtual Industrials Conference on December 2, 2021, where CEO Mike Roman and CFO Monish Patolawala will speak at 10:10 a.m. EST. This event will be available for live streaming and later as a replay on 3M's Investor Relations website. The company continues to emphasize its commitment to innovative solutions that enhance daily life.

On Nov. 17, 2021, 3M partnered with Mobileye to enhance roadway safety in the U.S. through the 3M™ Roadway Safety Asset Manager. This cloud-based platform aids transportation agencies in managing road assets like signs and barriers, improving maintenance scheduling and data analysis. The collaboration aims to provide up-to-date asset data, enabling efficient project prioritization. With a shared commitment to reduce traffic fatalities, both companies leverage innovative technologies for effective asset management and safety improvements.

The 3M Board of Directors declared a quarterly dividend of $1.48 per share for Q4 2021, payable on Dec. 12, 2021, to shareholders on record by Nov. 19, 2021. This marks over 100 years of uninterrupted dividend payments. As of Sept. 30, 2021, 3M had approximately 576 million shares outstanding.

On Nov. 9, 2021, a survey by 3M highlighted Americans’ heightened concerns about transportation safety as travel resumes. Nearly 47% of respondents plan to travel in the coming months, with over 75% opting for car travel. Alarmingly, 53% expressed worries about roadway safety. The survey found that 35% believe transportation has become more dangerous since the pandemic began. The National Highway Traffic Safety Administration reported a spike in U.S. traffic deaths, confirming public sentiments. 3M emphasizes improving road safety, citing its historical impact on reducing traffic fatalities.