3M Corp Stock Price, News & Analysis

On August 16, 2021, 3M (NYSE: MMM) announced its membership in the Water Resilience Coalition (WRC), aiming to address global water scarcity affecting nearly two billion people. CEO Mike Roman stated that 3M will leverage its scientific expertise to promote sustainable water supply solutions. By joining the WRC leadership committee and endorsing the CEO Water Mandate, 3M will enhance its initiatives in water management. The company plans to invest $1 billion over 20 years for environmental improvements, including advanced water purification technologies.

The 3M Board of Directors declared a dividend of $1.48 per share for Q3 2021, payable on Sept. 12, 2021. Shareholders of record must hold shares by the close of business on Aug. 23, 2021. This decision underscores 3M's commitment to shareholder returns, having paid dividends for over 100 years. As of June 30, 2021, there were 578,638,253 shares outstanding, with 67,133 shareholders of record.

3M is committed to enhancing science education by offering free access to its Science at Home program, which provides interactive STEM experiments for students aged 6-12. Available online, this initiative aims to inspire young learners and bridge the educational gap, particularly for underrepresented groups. The program includes nearly 30 experiments aligned with the Next Generation Science Standards and features contributions from 3M scientists. Collaborating with Teach For America and Discovery Education, 3M aims to ensure resources reach those in need.

3M (NYSE: MMM) has announced a strategic partnership with Waystar, a healthcare payments software provider, aiming to enhance revenue capture solutions for its Health Information Systems clients. This collaboration will leverage Waystar’s AI-driven technology to tackle revenue integrity issues that healthcare organizations face, such as operational efficiency and compliance challenges. By integrating predictive analytics and machine learning, the partnership seeks to identify missing charges and overpayments, ultimately streamlining revenue cycle processes for over 6,000 health systems and hospitals.

On July 29, 2021, 3M (NYSE: MMM) announced its participation in the Jefferies Virtual Industrials Conference scheduled for August 4, 2021. Monish Patolawala, the executive vice president and chief financial officer, will present at 11:30 a.m. EDT. The event will be streamed live and will be available for replay on 3M's Investor Relations website. Interested investors can access the live stream through the provided link.

3M (NYSE: MMM) is enhancing its environmental initiatives by investing in TPG Rise Climate, a climate impact fund with a focus on clean energy and sustainable solutions. This investment is part of 3M’s commitment to achieve carbon neutrality by 2050, reduce water use by 25%, and minimize reliance on virgin fossil-based plastics. The company plans to allocate approximately $1 billion over 20 years towards these goals. This move enhances 3M's long-standing dedication to sustainability and innovation in addressing climate change challenges.

3M reported strong second-quarter results on July 27, 2021, with sales of $8.9 billion, up 24.7% year-on-year. All business groups and geographic areas experienced organic growth, with notable increases in Transportation and Electronics (28.1%), Health Care (24.9%), Safety and Industrial (22.4%), and Consumer (20.4%). GAAP earnings per share reached $2.59, a 15% increase. For the full year, 3M expects sales growth of 7-10% and earnings between $9.70 and $10.10 per share, revising prior forecasts upward. Additionally, the company returned $1.4 billion to shareholders.

3M (NYSE: MMM) has scheduled its second-quarter 2021 earnings conference call for Tuesday, July 27, 2021, at 8 a.m. CDT. Investors can participate via telephone at (800) 762-2596 in the U.S. or +1 (212) 231-2916 internationally. The earnings call will be accessible online with a replay available on 3M's Investor Relations website. For further information, potential investors and media can contact Bruce Jermeland at (651) 733-1807.

3M Oral Care has launched the Clarity Aligners Flex + Force, a customizable aligner system designed for orthodontists. This innovative solution combines two unique materials within a single treatment plan, enhancing patient comfort through a fit that is discreet and effective. The aligners integrate with the 3M Oral Care Portal, supporting advanced treatment designs for varying orthodontic needs. With a proprietary five-layer construction, the aligners offer durability, stain resistance, and flexibility, reaffirming 3M's commitment to delivering cutting-edge solutions.