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 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.
3M (MMM) and Discovery Education have launched the 2025 3M Young Scientist Challenge, America's premier middle school science competition. Open to students in grades 5-8, the challenge offers a $25,000 grand prize, mentorship with a 3M scientist, and the title of 'America's Top Young Scientist.' Submissions are accepted until May 1, 2025.
The competition will recognize one grand prize winner, 10 finalists, four honorable mentions, and up to 51 state merit winners. This year's entry topics include robotics, home improvement, automotive, safety, AR/VR, and climate technology. Students must submit videos explaining their original solutions to everyday problems, evaluated based on creativity, scientific knowledge, and communication skills.
The 2024 winner, Sirish Subash, created Pestiscand, a device detecting pesticide residues on produce using spectrophotometry. The 10 finalists will participate in a summer mentorship program and compete at the 3M Innovation Center in St. Paul, Minnesota, during the final event on October 13-14, 2025.
3M (NYSE: MMM) has announced a key upcoming investor event: the fourth-quarter 2024 earnings conference call, scheduled for Tuesday, January 21, 2025, at 8 a.m. CT. The event will be accessible via live webcast, with a replay option available for those unable to attend the live session. Interested parties can access both the live presentation and replay through 3M's Investor Relations website at investors.3M.com.
3M (MMM) and US Conec have announced a strategic licensing agreement for 3M™ Expanded Beam Optical Interconnect technology, aimed at addressing next-generation data center requirements. The collaboration merges 3M's advanced optical technology with US Conec's expertise in high-density connectivity systems.
The technology offers both single-mode and multimode configurations, featuring non-contact optical coupling that reduces maintenance needs and ensures reliable performance. US Conec will manufacture and supply products using this technology, focusing on hyperscale data centers and edge computing environments. The solution aims to minimize wear, reduce sensitivity to contamination, and help lower operational costs while maintaining signal integrity.
3M (MMM) announces its participation in CES 2025, showcasing innovations across four key areas under the theme 'uncomplicated'. The company will present solutions in consumer electronics, mobility, climate tech, and data centers, featuring collaborations with major brands like GM and Lenovo.
The company will host its exhibits in a 3,500-square-foot, two-story space, featuring daily product launches, including reusable Filtrete™ Air Filters and robotics innovations. The exhibition will include the Lab experience for hands-on demonstrations and daily thought leadership sessions with industry partners.
3M's showcase emphasizes its role as an 'uncomplicator', focusing on advanced material science solutions that address customer challenges in areas such as foldable phone displays, EV efficiency, and sustainable technologies.
3M (NYSE: MMM) has announced its upcoming 2025 Investor Day, scheduled for Wednesday, February 26, 2025, at the company's global headquarters in St. Paul, Minnesota. The event will begin at 8:00 a.m. CDT.
CEO William Brown, CFO Anurag Maheshwari, and other executive leadership team members will present the company's strategic priorities and business outlook, followed by a Q&A session. While in-person attendance is by invitation only, the event will be webcast live with a replay available on 3M's Investor Relations website.
3M corporate scientist Jayshree Seth is supporting the next generation of women in STEM through a scholarship program in partnership with the Society of Women Engineers (SWE). The proceeds from her three-book series, 'The Heart of Science,' fund the Jayshree Seth Scholarship for Women of Color in STEM, which has awarded nearly $30,000 to five recipients to date.
Seth, who holds 80 patents and was appointed as 3M's first Chief Science Advocate in 2018, is using her position to advance science communication and promote diversity in STEM fields. The scholarship recipients include students pursuing degrees in biomedical, computer, chemical, and mechanical engineering at prestigious institutions like Georgia Tech and Johns Hopkins University.