Peter Gibbons
Peter Gibbons, Group President, Enterprise Supply Chain, has announced his intention to retire from 3M Company, effective April 2, 2025.
Highest-materiality recent filing
3M shareholders elect all ten board nominees, ratify auditor, approve say-on-pay at annual meeting
Director nominees elected with votes ranging from 335.9M (Thomas Brown) to 362.0M (Mitchill); all received >95% of votes cast.
3M subsidiary secures $1.43B term loan and $200M revolver to fund Madison Safety acquisition
$1.43B term loan facility and $200M revolving credit facility; maturity 364 days after closing with possible 12-month extension.
3M Q1 adjusted EPS $2.14 (+14% YoY); reiterates FY2026 guidance
GAAP EPS $1.23 (down 40% YoY); adjusted EPS $2.14 (up 14% YoY).
3M elects Neil Mitchill (RTX CFO) to board; effective Feb 6, 2026
Neil G. Mitchill Jr., EVP & CFO of RTX Corporation, joins 3M's board effective Feb 6, 2026.
3M reports Q4 adjusted EPS $1.83 (+9% YoY); FY2026 guidance $8.50-$8.70
Q4 GAAP EPS $1.07 vs $1.33 YoY; adjusted EPS $1.83 (+9% YoY) on adjusted sales $6.0B (+3.7%).
3M Q3 adjusted EPS $2.19 beats; raises full-year EPS guidance to $7.95-$8.05
GAAP sales $6.5B (+3.5% YoY); adjusted sales $6.3B with organic growth 3.2%.
Director Gregory R. Page retires from 3M Board effective August 11, 2025
Gregory R. Page left the 3M Board due to personal and professional commitments.
3M Q2 adjusted EPS $2.16 (+12% YoY), raises FY2025 EPS guidance to $7.75-$8.00
GAAP EPS $1.34, down 38% YoY; adjusted EPS $2.16, up 12% YoY.
3M shareholders elect all 11 directors, ratify PwC, approve say-on-pay at 2025 meeting
All 11 director nominees elected; Thomas K. Brown received ~6.9% against votes, highest among directors.
3M agrees to $285M PFAS settlement with New Jersey, subject to court approval
Pre-tax charge of ~$285M in Q2 2025; $210M for Chambers Works (payments 2026-2033) and $75M for statewide PFAS claims (payments 2030-2050).
GAAP sales $6.0B (-1.0% YoY); adjusted sales $5.8B (+0.8% YoY); adjusted organic sales +1.5%.
3M closes $1.1B debt offering of 4.800% Notes due 2030 and 5.150% Notes due 2035
Offered $550M of 4.800% Notes due 2030 and $550M of 5.150% Notes due 2035; closed March 13, 2025.
3M sets medium-term targets: ~25% op margin by 2027, $10B+ shareholder returns
Medium-term outlook: organic sales growth to outperform macro; operating margin ~25% by 2027.
3M Group President Peter Gibbons to retire effective April 2, 2025
Peter Gibbons, Group President of Enterprise Supply Chain, announced retirement.
CEO Bill Brown to succeed Mike Roman as 3M Chairman; Roman retires; David Bozeman joins board
Michael F. Roman retires as Executive Chairman and Director effective March 1; remains Executive Advisor until May 1, 2025.
Q4 GAAP EPS $1.33, up 17% YoY; adjusted EPS $1.68, down 2% YoY.
3M Q3 adjusted EPS $1.98 (+18% YoY); raises FY2024 adjusted EPS guidance to $7.20-$7.30
GAAP EPS from continuing operations $2.48 (up 154% YoY); adjusted EPS $1.98 (up 18% YoY).
Order issued Aug 13, 2024 by MSHA under Section 107(a) at 3M's Little Rock, AR quarry.
3M appoints Anurag Maheshwari as CFO effective September 1, 2024
Anurag Maheshwari named EVP & CFO, starting Sept 1; previously CFO of Otis Worldwide.
3M Q2 adjusted EPS $1.93 (+39% YoY), raises FY2024 EPS guidance to $7.00-$7.30
GAAP EPS $2.17 vs ($12.94) prior year; operating margin 20.3%.
3M CFO Monish Patolawala to resign effective July 31, 2024
Monish Patolawala, President and CFO, resigns effective July 31, 2024 to pursue another opportunity.
3M transfers $2.5B in pension obligations to Met Tower Life; expects $0.8-$0.9B non-cash charge
Transfers ~$2.5B in defined benefit pension obligations and related plan assets for ~23,000 U.S. retirees.
3M shareholders reject say-on-pay; all 12 directors elected at annual meeting
All 12 board nominees elected with majority support; Thomas Brown received lowest FOR votes at 321,985,620.
3M Q1 adj. EPS $2.39 (+21% YoY), Solventum spin complete, Bill Brown named CEO
Q1 sales $8.0B (-0.3% YoY); GAAP EPS $1.67 (-5% YoY); adj. EPS $2.39 (+21% YoY).
3M completes spin-off of health care business Solventum; distribution ratio 1:4
On April 1, 2024, 3M distributed 80.1% of Solventum shares to 3M stockholders.
3M completes spin-off of health care business; Solventum begins trading as SOLV
One Solventum share issued for every 4 MMM shares held as of March 18, 2024 record date.
Peter Gibbons, Group President, Enterprise Supply Chain, has announced his intention to retire from 3M Company, effective April 2, 2025.
the Board of Directors of the Company has appointed Anurag Maheshwari as the Company’s Executive Vice President and Chief Financial Officer, effective September 1, 2024.
Monish Patolawala, President and Chief Financial Officer, has announced his intention to resign f rom 3M Company, effective July 31, 2024.
Max materiality 0.85 · Median 0.68 · Most common event earnings