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3M Company (MMM)

- NYSE
  • Thu, Jul. 23, 7:35 AM
    • 3M (NYSE:MMM): Q2 EPS of $2.02 beats by $0.02.
    • Revenue of $7.69B (-5.5% Y/Y) misses by $140M.
    • Press Release
    | 4 Comments
  • Tue, Jul. 14, 10:40 AM
    • July 23: Second-quarter earnings conference call.
    • Aug 5: InvestMNt Conference (Mike Vale, executive vice president, Consumer Business Group, will speak at 7:30 a.m. CDT).
    • Aug 12: Jefferies 2015 Industrials Conference (CFO Nick Gangestad will speak at 11:20 a.m. EDT.)
    • Webcasts will be available here
    | Comment!
  • Thu, Apr. 23, 9:19 AM
    • 3M (NYSE:MMM) -3.2% premarket after Q1 earnings and revenues fail to meet expectations, and the company cut its 2015 profit outlook, due to the impact of the stronger U.S. dollar.
    • After foreign currency impacts reduced Q1 pre-tax earnings by ~$90M, or the equivalent of $0.10/share, 3M now expects foreign currency impacts to reduce FY 2015 EPS by $0.35-$0.40, compared with its previous guidance for a $0.20 hit; the company now sees FY 2015 EPS of $7.80-$8.10.
    • As for 2015 revenue, 3M now expects it to fall by 6%-7% Y/Y, worse than its previous forecast of a 4%-5%; analysts had expected FY 2015 revenue to rise less than 1% to $32B.
    • 3M maintains its forecast for organic local currency sales growth of 3%-6%.
    • Q1 sales slipped in most of 3M's business units, falling 4.3% to $2.7B at its industrial unit, 3.6% to $1.4B in its safety and graphics business, 3.3% to $1.3B in its health care unit, and 2.9% to $1B at its consumer unit; only the company's electronics and energy unit reported a sales increase, rising less than 1% to $1.3B.
    | 5 Comments
  • Thu, Apr. 23, 7:31 AM
    • 3M (NYSE:MMM): Q1 EPS of $1.85 misses by $0.08.
    • Revenue of $7.57B (-3.3% Y/Y) misses by $270M.
    • Shares -0.7% PM.
    • Press Release
    | 5 Comments
  • Wed, Apr. 22, 5:30 PM
  • Tue, Jan. 27, 8:28 AM
    • Net income of $1.18B, or $1.81 per share, vs. $1.10B, or $1.62 per share, a year ago.
    • While profit for the quarter narrowly beat analysts’ expectations, revenue fell shy at $7.72B, below an estimate of $7.77B.
    • Revenue by segment: Industrial +1.4%; Electronics and Energy +3.3%; Safety and Graphics +3.4%; Health Care +2.4%; Consumer +2.2%.
    • The company affirmed its 2015 outlook and expects full-year earnings to be in the range of $8.00-$8.30 per share with organic local-currency sales growth of 3%-6%.
    • MMM -1.8% premarket
    • Q4 results
    | Comment!
  • Tue, Jan. 27, 7:31 AM
    • 3M (NYSE:MMM): Q4 EPS of $1.81 beats by $0.01.
    • Revenue of $7.72B (+2.0% Y/Y) misses by $50M.
    • Press Release
    | Comment!
  • Mon, Jan. 26, 5:30 PM
  • Wed, Jan. 21, 7:11 AM
    • 3M (NYSE:MMM) will report Q4 results on Jan. 27. The conference call is scheduled to begin at 8:00 a.m. CST.
    • Consensus view is EPS of $1.80 on revenues of $7.77B.
    | Comment!
  • Dec. 16, 2014, 7:05 AM
    • After raising its dividend for the first quarter by 20%, 3M (NYSE:MMM) announces that it expects organic sales to rise 3%-6% in 2015, excluding the effect of foreign exchange rates.
    • The company also forecasts 2015 earnings of $8.00-$8.30 per share. Analysts on an average are expecting $8.20 per share on revenue of $33.1B.
    • Further guidance will be provided on a 2015 Outlook Conference Call at 8:00 a.m. ET.
    | Comment!
  • Oct. 23, 2014, 8:55 AM
    • Net income of $1.3B, or $1.98 per share, vs. $1.23B, or $1.78 per share, in the same quarter a year ago.
    • Revenue by segment: Industrial +3%; Electronics and Energy +3.5%; Safety and Graphics +1.3%; Health Care +4.7%; Consumer +2.1%.
    • Repurchased $1.2B of its own shares during the quarter.
    • The company expects earnings in the range of $7.40-$7.50 per share vs. a prior expectation of $7.30-$7.55.
    • Q3 results
    • MMM +2.5% premarket
    | Comment!
  • Oct. 23, 2014, 7:33 AM
    • 3M (NYSE:MMM): Q3 EPS of $1.98 beats by $0.02.
    • Revenue of $8.1B (+2.3% Y/Y) misses by $140M.
    • Shares -1% PM.
    • Press Release
    | Comment!
  • Jul. 24, 2014, 9:10 AM
    • 3M (NYSE:MMM) reported a Q2 profit of $1.27B, or $1.91 per share, up from $1.20B, or $1.71 a share Y/Y. Operating income improved across all of its segments boosting the 5.8% earnings increase.
    • Operating income was $1.9B and rose 2.4% in the company's industrial division, 4.1% in health care, 23% in electronics and energy, 7.4% in safety and graphics, and 2.3% in consumer products.
    • Operating income margins were up 0.8 percentage points Y/Y to 22.8%.
    • The company converted 103% of the $1.3B in net income to free cash flow during the quarter.
    • 3M paid $556M in cash dividends to shareholders and repurchased $1.4B of its own shares during the quarter.
    • Q2 earnings
    • MMM +1% premarket
    | Comment!
  • Jul. 24, 2014, 7:35 AM
    • 3M (NYSE:MMM): Q2 EPS of $1.91 in-line.
    • Revenue of $8.13B (+4.9% Y/Y) beats by $40M.
    • Press Release
    | Comment!
  • Apr. 24, 2014, 9:08 AM
    • 3M (MMM) net profit increased to $1.21B from $1.13B a year earlier.
    • Organic local-currency sales growth +4.6%. Breakdown: Healthcare +6.2%, Industrial +4.9%, Safety & Graphics +4.6%, Electronics & Energy +4.1%, Consumer +2.6%; Asia Pacific +6.9%, Latin America/Canada +6.8%, EMEA +3.7%, U.S. +2.6%.
    • 3M maintains its outlook for FY EPS of $7.30-7.55 a share vs consensus of $7.46, and organic local-currency revenue growth of 3-6%; analysts expect overall sales to rise 4.8% to $32.35B.
    • Shares are -2.3% premarket following the Q1 EPS and revenue misses. (PR)
    | Comment!
  • Apr. 24, 2014, 7:32 AM
    • 3M (MMM): Q1 EPS of $1.79 misses by $0.01.
    • Revenue of $7.83B (+2.6% Y/Y) misses by $130M.
    • Press Release
    | Comment!
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Company Description
3M Co is a diversified technology company. Its operating segments are Industrial; Safety and Graphics; Electronics and Energy; Health Care; and Consumer segment. Its products include vinyl, polyester, foil and among others.