$MMM (3M Company)

$MMM {{ '2015-12-15T14:51:50+0000' | timeago}} • Webcast

During 3Q15, $MMM finalized the acquisitions of Capital Safety and Polypore's Separations Media business which will enhance the company's core platforms, Personal Safety and Filtration, while the integration of these businesses remains on threat. Earlier in the year, the company sold its Static Control business to Desco.

$MMM {{ '2017-06-30T15:31:24+0000' | timeago}} • Announcement

$MMM completed the sale of its tolling and automated license/number plate recognition business to Neology, which is a subsidiary of SMARTRAC, a portfolio company managed by One Equity Partners. The impact of the transaction will be neutral to both 2Q17 and full-year 2017 GAAP EPS.

$MMM {{ '2017-05-10T16:14:15+0000' | timeago}} • Announcement

$MMM agreed to sell its tolling and automated license/number plate recognition business, which is part of $MMM's Traffic Safety and Security Division, to Neology, which is a subsidiary of SMARTRAC. The transaction is expected to close by 3Q17. About 85 employees are expected to join Neology upon completion of the sale.

$MMM {{ '2017-05-09T17:59:15+0000' | timeago}} • Webcast

$MMM's shareholders elected the 11 nominees to its BoD for a one-year term that expires at the 2018 Annual Meeting. They also ratified appointment of PricewaterhouseCoopers as independent registered public accounting firm for 2017, approved executive compensation, and indicated a preference for future advisory votes on executive compensation.

$MMM {{ '2017-05-02T13:36:31+0000' | timeago}} • Announcement

$MMM completed the sale of its identity management business to Gemalto. About 450 $MMM employees are expected to join Gemalto or one of its affiliates. $MMM will record a $0.05-0.10 per share benefit from this divestiture, net of various investments to drive growth and improve productivity.

$MMM {{ '2017-04-25T17:41:59+0000' | timeago}} • Webcast

$MMM spent an additional $136MM in 1Q17 in strategic investments. In last March, the company laid out a five year plan for optimizing the portfolio and supply chain footprint for a total of $500-600MM. By 2020, $MMM wanted to generate $125-175MM of annualized operating income benefit.

$MMM {{ '2017-04-25T17:11:15+0000' | timeago}} • Infographic

$MMM 3M Co. Earnings AlphaGraphics: Q1 2017 highlights

$MMM {{ '2017-04-25T12:09:05+0000' | timeago}} • Announcement

In 1Q17, $MMM posted sales of $2.7Bil in its Industrial segment, up 4.2% versus 1Q16. In Safety and Graphics, sales were $1.5Bil, up 3.4%. Health Care sales grew 2.3% to $1.4Bil. Electronics and Energy sales rose 11.1% to $1.2Bil while Consumer sales were $1Bil, down 0.7% versus 1Q16.

$MMM {{ '2017-04-25T12:03:59+0000' | timeago}} • Announcement

For 2017, $MMM expects organic local-currency sales growth to be 2-5%. $MMM expects EPS to be $8.70-9.05, up 7-11% YoY. This includes a $0.05-0.10 benefit from the gain on sale of the pending Identity Management divestiture, net of various investments to drive growth and improve productivity. Tax rate is expected to be 26-27.5%.

$MMM {{ '2017-04-25T11:58:51+0000' | timeago}} • Announcement

$MMM reported net income of $1.3Bil for 1Q17, up 3.7% compared to 1Q16. Diluted EPS was $2.16, up 5.4% versus 1Q16. Sales were $7.7Bil, up 3.7% YoY. Organic local-currency sales increased 4.6% while divestitures reduced sales by 0.4%. Foreign currency translation decreased sales by 0.5% YoY.

$MMM {{ '2017-04-03T17:53:09+0000' | timeago}} • Announcement

$MMM and 3M Innovative Properties Co. filed a patent infringement lawsuit on April 3, 2017, in the District of Delaware against $APH. The suit alleges that certain $APH data transmission cable products infringe 2 Shielded Electrical Cable patents.

$JCI {{ '2017-03-16T14:40:39+0000' | timeago}} • Announcement

$JCI signed a definitive agreement to sell its Scott Safety business to $MMM for about $2Bil in cash. Net proceeds of $1.8-1.9Bil from the deal will be used to repay a portion of Tyco International Holding Sarl's $4.0Bil merger-related debt. The transaction is expected to close in the second half of 2017.

$MMM {{ '2017-03-16T13:22:53+0000' | timeago}} • Announcement

$MMM agreed to buy Scott Safety from $JCI. On GAAP basis, $MMM expects the acquisition to be $0.10 dilutive to earnings in the first 12 months following completion of the transaction. Excluding items, $MMM expects the acquisition to be $0.10 accretive to earnings over the same period. The deal will close in 2H17.

$MMM {{ '2017-03-16T13:20:51+0000' | timeago}} • Announcement

$MMM agreed to buy Scott Safety from $JCI for a total enterprise value of $2Bil. Scott Safety is a premier manufacturer of innovative products, including self-contained breathing apparatus (SCBA) systems, gas and flame detection instruments, and other safety devices that complement $MMM's personal safety portfolio.

$MMM {{ '2017-02-08T12:56:07+0000' | timeago}} • Announcement

$MMM BoD declared a dividend on the company's common stock of $1.175 per share for 1Q17, an increase of 6% over the dividend paid in 2016. The dividend is payable March 12, 2017, to shareholders of record at the close of business on Feb. 17, 2017.

$MMM {{ '2017-01-24T15:51:12+0000' | timeago}} • Infographic

$MMM 3M Co. Earnings AlphaGraphics: Q4 and FY16 Highlights

$MMM {{ '2017-01-24T15:15:09+0000' | timeago}} • Webcast

$MMM commented that its oral care business was down slightly in 4Q16. The decline was partially from softening end user demand and continued channel contractions in the oral care business. Additionally, $MMM added that inventory reduction in the channel also added to the sluggish oral care business.

$MMM {{ '2017-01-24T15:01:45+0000' | timeago}} • Webcast

$MMM stated that regarding the underlying price growth in the US, the company's fundamental pricing power is not changing and is strong. Additionally, in the US, the company added that it took some targeted actions to help drive organic volume growth.

$MMM {{ '2017-01-24T14:50:26+0000' | timeago}} • Webcast

In the Consumer segment, $MMM increased investments in 4Q16 in its Command and Filtrete product lines, which posted double digit organic growth in the US in the past holiday season. In 2016, the company said it invested $1.7Bil or about 6% of sales in R&D, supporting its short and long term growth objectives.

$MMM {{ '2017-01-24T14:37:48+0000' | timeago}} • Webcast

$MMM's Personal Safety business posted solid mid single digit organic growth in 4Q16, with double digit growth in China and Hong Kong, where the company is seeing strong end market demand for its personal safety solutions. On the sale of identity management business, $MMM continues to expect the divestiture to be completed sometime during 1H17.

$MMM {{ '2017-01-24T14:29:12+0000' | timeago}} • Webcast

$MMM said that at a country level, Mexico delivered strong double digit growth, while Canada was up and Brazil increased 1% in 4Q16. In 4Q16, the company invested $436MM in CapEx, bringing its full year investment to $1.4Bil. For FY17, the company expects CapEx to be in the range of $1.3-1.5Bil.

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