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3M Q2 adjusted EPS $2.40 beats; raises FY2026 guidance to $8.80-$8.95
GAAP EPS $1.78, up 33% YoY; GAAP sales $6.5B, up 2.4%.
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3M Board adds Cummins CEO Jennifer Rumsey as independent director
Elected to 3M's Board effective June 5, 2026, and appointed to the Science, Technology and Sustainability Committee.
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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.
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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.
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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).
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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.
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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%).
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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%.
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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.
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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.
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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.
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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).
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3M Q1 GAAP EPS $2.04 (+61% YoY), adjusted EPS $1.88 (+10%); FY adj EPS guidance $7.60-$7.90 with tariff sensitivity
GAAP sales $6.0B (-1.0% YoY); adjusted sales $5.8B (+0.8% YoY); adjusted organic sales +1.5%.
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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.
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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.
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3M Group President Peter Gibbons to retire effective April 2, 2025
Peter Gibbons, Group President of Enterprise Supply Chain, announced retirement.
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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.
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3M Q4 GAAP EPS $1.33, adj. EPS $1.68; FY2024 adj. EPS $7.30, up 21% YoY; guides FY2025 adj. EPS $7.60-$7.90
Q4 GAAP EPS $1.33, up 17% YoY; adjusted EPS $1.68, down 2% YoY.
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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).
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3M receives MSHA imminent danger order at Arkansas quarry for fall protection violation; order terminated
Order issued Aug 13, 2024 by MSHA under Section 107(a) at 3M's Little Rock, AR quarry.
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3M appoints Anurag Maheshwari as CFO effective September 1, 2024
Anurag Maheshwari named EVP & CFO, starting Sept 1; previously CFO of Otis Worldwide.
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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%.
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3M CFO Monish Patolawala to resign effective July 31, 2024
Monish Patolawala, President and CFO, resigns effective July 31, 2024 to pursue another opportunity.
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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.
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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.
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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).
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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.
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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.
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3M appoints William Brown as CEO effective May 1, 2024; Roman becomes Executive Chairman
William M. Brown, former CEO of L3Harris Technologies, appointed 3M CEO effective May 1, 2024.
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3M board approves spin-off of Health Care business as Solventum; distribution April 1, 2024
Record date March 18, 2024; shareholders receive 1 Solventum share for every 4 MMM shares.
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3M subsidiary Solventum issues $6.9B in senior notes to fund health care spin-off
Solventum issued $6.9B aggregate principal across six tranches: 5.45% due 2027, 5.40% due 2029, 5.45% due 2031, 5.60% due 2034, 5.90% due 2054, 6.00% due 2064.
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3M elects to pay $1B cash for earplug settlement; participation exceeds 98% threshold
3M amends settlement to irrevocably elect cash for the $1 billion payment option, instead of stock.
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3M Q4 adjusted EPS $2.42 beats $2.18 YoY; FY 2024 outlook $9.35-$9.75
Q4 GAAP EPS $1.70 (vs $0.98); adjusted EPS $2.42 (vs $2.18), up 11% YoY.
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3M accelerates $253.1M payment in Combat Arms earplug settlement; all wave plaintiffs join
All remaining wave plaintiffs agreed to participate in the CAE settlement, reaching 100% participation.
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3M clarifies share-issuance mechanics for Combat Arms Earplugs settlement
Shares may be issued under Section 3(a)(10) exemption after fairness hearing in MDL Court.
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3M Health Care group president Jeff Lavers to depart Dec 1 amid planned spin-off
Jeff Lavers, group president of Health Care Business, to leave 3M effective December 1, 2023.
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Tom Sweet elected to 3M Board of Directors, effective Nov 6, 2023
Sweet is retired CFO of Dell Technologies, served as CFO from 2014-2023.
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3M Q3 adj EPS $2.68 beats, raises FY outlook; $4.2B charge from Combat Arms settlement
GAAP loss per share $3.74 includes $4.2B pre-tax charge for Combat Arms earplug settlement.
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3M idles PFAS production at Zwijndrecht after self-reporting to Flemish regulators
3M Belgium idled all PFAS manufacturing at its Zwijndrecht facility after self-reporting emissions data to Flemish authorities.
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3M amends credit agreement to accommodate $6.01B earplug settlement charges
Amendment to $4.25B revolving credit agreement allows add-back of CAE settlement charges for EBITDA calculation.
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3M settles Combat Arms Earplug litigation for $6.01B; records $4.2B Q3 charge
3M to pay $6.01B ($5.01B cash, $1B stock) from 2023-2029 to resolve all Combat Arms Earplug claims.
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3M appoints Bryan Hanson as Health Care CEO, Carrie Cox as chair, Patolawala as President & CFO
Bryan Hanson (ex-Zimmer Biomet CEO) named CEO of 3M Health Care Business Group effective Sept 1, 2023; will lead independent health care company post-spin.
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3M elects Audrey Choi to Board of Directors, effective August 9, 2023
Board expanded from 10 to 11 members; Choi fills the new vacancy.
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3M Q2 GAAP loss of $12.35/sh from $10.3B PFAS charge; raises adj. EPS view to $8.60-$9.10
GAAP EPS loss of $12.35 vs prior-year EPS of $0.14; includes $10.3B pre-tax charge for PFAS PWS settlement.
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3M amends credit agreement to add back up to $12.5B PFAS settlement charges from EBITDA
Amendment allows exclusion of charges tied to $10.5B-$12.5B proposed PFAS drinking water class-action settlement from EBITDA calculation.
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3M to pay up to $12.5B to resolve PFAS drinking water claims from U.S. public water systems
Settlement resolves drinking water PFAS claims by U.S. public water systems; total nominal value $10.5B-$12.5B payable 2024-2036.
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3M terminates Group President Michael G. Vale for cause due to personal misconduct
Michael G. Vale, Group President and Chief Business and Country Officer, terminated for cause effective May 12, 2023.
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3M shareholders elect all ten director nominees, ratify PwC as 2023 auditor
All ten director nominees elected; Gregory Page received highest 'against' vote of 38.9M (10.9% of votes cast).
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3M enters new $4.25B five-year revolving credit facility, replaces prior $3B and $1.25B facilities
New $4.25B unsecured five-year revolving credit facility dated May 11, 2023, with JPMorgan as administrative agent.
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3M posts Q1 adj EPS $1.97, down from $2.63; sales $8B, -9% YoY; announces restructuring of 6,000 jobs
GAAP EPS $1.76 (down from $2.26); adjusted EPS $1.97 (down from $2.63).