Welcome to our dedicated page for 3M news (Ticker: MMM), a resource for investors and traders seeking the latest updates and insights on 3M stock.
3M Company reports recurring developments across its science-based industrial, transportation and electronics, and consumer businesses. Company updates commonly cover quarterly results, guidance, margins, cash flow, portfolio reshaping, transformation costs, PFAS and litigation-related items, and capital-structure activity.
News also includes product and capacity updates tied to 3M technologies and brands, including 3M Expanded Beam Optical interconnect solutions for data centers and Scotch-Brite consumer cleaning products. Other recurring themes include investor events, board and leadership appointments, government affairs, and manufacturing investments linked to the company's global operations.
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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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.
3M (NYSE: MMM) has launched the 3M Xtract™ Cubitron™ II 710W Net Abrasive Disc, revolutionizing sanding with a product that offers twice the life and cut rate while removing up to 97% of dust particles. Available in the US, Canada, and Europe, it will be globally launched in 2022. This innovative product uses Precision-Shaped Grain technology to enhance cutting edges, making it more efficient compared to competitors. The Xtract™ brand aims to improve safety and productivity in sanding applications, presenting a cleaner working environment for users.
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