• 3M is a diversified technology company.
  • The company has a global presence in four businesses: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer.
  • The company owns 51 technology platforms, which range from adhesives and abrasives to ceramics and nanotechnology


3M (NYSE: MMM) is a diversified technology company. The company has a global presence in four businesses: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer.

Recent Developments

3M recognized as Top 100 Global Innovator 20231

Feb. 16, 2023; 3M has been named a Top 100 Global Innovators™ 2023. The annual list from Clarivate™, a global leader in connecting people and organizations to intelligence they can trust to transform their world, identifies organizations at the pinnacle of the global innovation landscape by measuring excellence focused on exceptional consistency and scale in innovativeness. 3M is one of 19 companies globally that have been included every year since the list's inception in 2012.

3M to partner with U.S. federal government on traffic safety2

Feb. 15, 2023; The U.S. Department of Transportation (U.S. DOT) recently named 3M a primary stakeholder in a campaign to accelerate the National Roadway Safety Strategy (NRSS), a comprehensive approach to significantly reduce traffic-related deaths and injuries. The Call-to-Action campaign encourages existing stakeholders to redouble their efforts to promote safe roadways and inspire others to join the effort.

3M to Exit PFAS Manufacturing by the End of 20253

Dec. 20, 2022; 3M announced it will exit per- and polyfluoroalkyl substance (PFAS) manufacturing and work to discontinue the use of PFAS across its product portfolio by the end of 2025. 3M's decision is based on careful consideration and a thorough evaluation of the evolving external landscape, including multiple factors such as accelerating regulatory trends focused on reducing or eliminating the presence of PFAS in the environment and changing stakeholder expectations.


Financial Highlights

Full-Year 2022 Results4

Sales of $34.2 billion, down 3 percent year-on-year, which included impacts of negative 1 percent from divestitures and negative 4 percent from foreign currency translation due to strength of U.S. dollar.

Organic sales growth of 1.2 percent year-on-year which included a 2.0 percentage point headwind from the decline in disposable respirator demand, along with the exit of Russia.

GAAP earnings per share of $10.18, up 1 percent, while adjusted earnings per share was $10.10, down 6 percent. Earnings reflect year-on-year changes in special items, headwinds from manufacturing productivity, increased raw materials/logistics costs, investments, and negative foreign exchange impacts. Benefits to earnings included selling price actions, strong spending discipline, and lower shares outstanding.

Operating cash flow was $5.6 billion, down 25 percent year-on-year, while adjusted free cash flow was $4.7 billion, down 25 percent year-on-year. The declines were primarily due to lower net income and the cash impact from capitalization of R&D for U.S. tax purposes.

3M returned $4.8 billion to shareholders via dividends and gross share repurchases.

Received approximately $1 billion in consideration and reduced outstanding shares by 16 million via exchange offer due to Food Safety divestiture.


Company Overview

3M is a diversified technology company with a global presence in the following businesses: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. 3M is among the leading manufacturers of products for many of the markets it serves. Most 3M products involve expertise in product development, manufacturing and marketing, and are subject to competition from products manufactured and sold by other technologically oriented companies.

Research & Development

The company owns 51 technology platforms, which range from adhesives and abrasives, to ceramics and nanotechnology. The company's scientists around the world share and combine these technologies across all its businesses to invent and manufacture cutting-edge products. Roughly one-third of 3M’s sales come from products introduced in the last five years.5

The company invest about 5.9 percent of its sales back into the research & development. That investment helps produce more than 3,500 patents each year and a steady stream of unique products for customers.

The company invests more than $2 billion in R&D annually and has been awarded over 131,000 patents over the course of its history, including 2,600 last year. Recent 3M innovations include the development of green hydrogen more cost-effective and efficient.

Brands and Products

3M's portfolio of more than 60,000 products includes some of the world's most iconic brands, such as Post-it® Notes and Scotch® Brand Tape, as well as vital science and innovation that continuously solves its commercial and industrial customers' problems and advances products and technology worldwide.6

  • 3M™ Aqua-Pure
  • 3M™ Attest
  • 3M™ Avagard
  • 3M™ Bair Hugger
  • 3M™ Bondo
  • 3M™ Clarity
  • 3M™ Clinpro
  • 3M™ Cubitron II
  • 3M™ DBI-SALA
  • 3M™ Diamond Grade
  • 3M™ DI-NOC
  • 3M™ E-A-R
  • 3M™ Filtek
  • 3M™ Impregum
  • 3M™ Novec
  • 3M™ PELTOR
  • 3M™ Petrifilm
  • 3M™ PPS
  • 3M™ Pro Grade Precision
  • 3M™ RelyX
  • 3M™ SandBlaster
  • 3M™ Scotchlite
  • 3M™ Scotch-Weld
  • 3M™ Scott
  • 3M™ Speedglas
  • 3M™ Tegaderm
  • 3M™ Trizact
  • 3M™ VHB
  • 3M Xtract


Company History

3M started as a small-scale mining venture in Northern Minnesota, then named Minnesota Mining and Manufacturing Company.7

1902Five businessmen, including John Dwan, Henry S. Bryan, William A. McGonagle, and Dr. J. Danley Budd, formed the Minnesota Mining and Manufacturing Company in Two Harbors, Minnesota, to mine a mineral deposit for grinding-wheel abrasives.
1905The company moved its headquarters to St. Paul, Minnesota, and began to focus on manufacturing sandpaper.
19103M introduced its first waterproof sandpaper.
19253M developed a new reflective material called Scotchlite that was used for traffic signs and later for clothing.
1930s3M began producing cellophane tape, which would later become the famous Scotch tape.
1942During World War II, 3M was a major supplier of products to the U.S. military, including adhesives, abrasives, and insulation materials.
19513M introduced its first aerosol adhesive. 3M established its International Division companies were created in Australia, Brazil, Canada, France, Germany, Mexico and the United Kingdom.
1960s3M expanded into new markets, including medical products, magnetic tape, and video cassettes.
1970s3M introduced a number of new products, including Post-it Notes and Thinsulate insulation.
1980s3M continued to diversify its product line, acquiring companies in the office equipment, data storage, and electronic components industries.
1990s3M expanded its presence in international markets, particularly in Asia.
2000s3M continued to focus on innovation, developing new products such as multi-layer optical film and ceramic abrasives. 3M reached an innovation milestone with the issuance of its 100,000th patent.
20143M reached an innovation milestone with the issuance of its 100,000th patent. Each year about 3,000 patents are issued to 3M worldwide, with more than 500 granted in the U.S.


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Created by Asif Farooqui on 2023/03/06 13:05
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