Profile
Sector:
IndustrialsIndustry:
ConglomeratesCountry:
United StatesIPO:
14 January 1946Website:
http://www.3m.comNext earnings report:
23 January 2025Last dividends:
15 November 2024Next dividends:
N/APrice
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MMM Latest News
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ST. PAUL, Minn., Nov. 19, 2024 /PRNewswire/ -- 3M (NYSE: MMM) has announced an upcoming investor event: the Goldman Sachs Industrials and Materials Conference, which will take place on Thursday, December 5, 2024.
ST. PAUL, Minn., Nov. 5, 2024 /PRNewswire/ -- The Board of Directors at 3M (NYSE:MMM) has announced a dividend of $0.70 per share for the company's common stock for the fourth quarter of 2024.
Are there finally indications of progress at 3M?
On Tuesday, 3M (MMM) saw its stock prices drop because two of its business divisions reported a decrease in sales.
3M Company has shown a remarkable recovery with significant earnings growth and better profit margins, making it a possible long-term dividend payer despite previous challenges. The company is concentrating on innovation, especially in fast-growing areas like automotive and electronics, which helps speed up product development and improve efficiency. Strong free cash flow allows 3M to continue rewarding its shareholders with dividends and buybacks, even after reducing its dividend, indicating solid earnings quality.
The 3M Company (NYSE:MMM) will hold its Q3 2024 Earnings Call on October 22, 2024, at 9:00 AM ET. Key participants from the company include Bruce Jermeland, Bill Brown, and Anurag Maheshwari. Various analysts from different financial institutions will also be joining the call.
In its third-quarter results for 2024, 3M announced a revenue increase of 0.4% compared to the same period last year.
Sales reached $6.3 billion, showing a 0.4% increase compared to last year. Adjusted sales were $6.1 billion, with organic growth at 1.0% year-over-year. The GAAP EPS from ongoing operations was $2.48, a rise of 154% from the previous year, while the adjusted EPS was $1.98, up 18% year-over-year.
3M Company (MMM) is set to announce its earnings for the third quarter on Tuesday, October 22, before the market opens.
What type of business is 3M?
3M Company is the largest diversified technology company headquartered in Maplewood, Minnesota, producing and selling a wide range of products for various industries, including industrial, consumer, and healthcare. It was founded in 1929. The company's portfolio includes over 60,000 products under a variety of globally recognized brands (tapes, abrasives, high-quality ceramics, sealants, specialty materials, cleaning supplies (filtration), acoustic system products, components and products used in the manufacture, repair, and maintenance of automotive, marine, aviation, and specialty equipment, personal protective equipment, medical and surgical supplies, electronics, office supplies, household goods, and much more).
What sector is 3M in?
3M is in the Industrials sector
What industry is 3M in?
3M is in the Conglomerates industry
What country is 3M from?
3M is headquartered in United States
When did 3M go public?
3M initial public offering (IPO) was on 14 January 1946
What is 3M website?
https://www.3m.com
Is 3M in the S&P 500?
Yes, 3M is included in the S&P 500 index
Is 3M in the NASDAQ 100?
No, 3M is not included in the NASDAQ 100 index
Is 3M in the Dow Jones?
Yes, 3M is included in the Dow Jones index
When was 3M the previous earnings report?
No data
When does 3M earnings report?
The next expected earnings date for 3M is 23 January 2025