OverviewSuggest Edit

3M (formerly Minnesota Mining and Manufacturing) is a diversified technology company with expertise in product development, manufacturing, and marketing. It operates across four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment specializes in personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The Transportation and Electronics segment is focused on electronics (display materials and systems, electronic materials solutions), automotive and aerospace, commercial solutions, advanced materials, and transportation safety. The Health Care segment offers medical and surgical supplies, skin health and infection prevention products, oral care solutions, separation and purification sciences, health information systems, inhalation and transdermal drug delivery systems, and food safety products. The Consumer segment includes office supply, stationery, home improvement products, home care products, protective material products, certain consumer retail personal safety products, and consumer health care products.
TypePublic
Founded1902
HQSaint Paul, US
Website3m.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Dec 2019)96,163(+3%)
Job Openings628
Revenue (FY, 2019)$32.1 B(-1%)
Share Price (Aug 2020)$158.3 (+2%)
Cybersecurity ratingBMore

Key People/Management at 3M

Michael F. Roman

Michael F. Roman

Chairman of the Board and Chief Executive Officer
John P, Banovetz

John P, Banovetz

Senior Vice President, Innovation and Stewardship and Chief Technology Officer
Ivan K. Fong

Ivan K. Fong

Senior Vice President, General Counsel and Secretary
Stephen M. Shafer

Stephen M. Shafer

Senior Vice President - Business Development and Marketing-Sales
Kristen M. Ludgate

Kristen M. Ludgate

Senior Vice President, Human Resources
Denise R. Rutherford

Denise R. Rutherford

Senior Vice President, Corporate Affairs
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3M Office Locations

3M has offices in Saint Paul, Aberdeen, Alexandria, Ames and in 125 other locations
Saint Paul, US (HQ)
3M Center
Aberdeen, US
610 Co Rd 19
Alexandria, US
2115 S Broadway St
Ames, US
900 Dayton Ave
Angleton, US
1508 E Cedar St
Brookings, US
601 22nd Ave S
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3M Financials and Metrics

3M Revenue

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3M's revenue was reported to be $32.14 b in FY, 2019 which is a 1.9% decrease from the previous period.
USD

Revenue (Q2, 2020)

7.2b

Gross profit (Q2, 2020)

3.4b

Gross profit margin (Q2, 2020), %

47%

Net income (Q2, 2020)

1.3b

EBIT (Q2, 2020)

1.7b

Market capitalization (7-Aug-2020)

91.2b

Closing stock price (7-Aug-2020)

158.3
3M's current market capitalization is $91.2 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

30.3b30.1b31.7b32.8b32.1b

Revenue growth, %

(5%)(1%)5%4%(2%)

Cost of goods sold

15.4b15.0b16.0b16.7b17.1b

Gross profit

14.9b15.1b15.7b16.1b15.0b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

7.4b7.7b7.7b7.7b7.8b8.2b8.3b8.4b8.2b7.9b8.2b8.0b8.1b7.2b

Cost of goods sold

3.7b3.8b3.8b3.9b4.0b4.0b4.2b4.2b4.2b4.3b4.3b4.2b4.1b3.8b

Gross profit

3.7b3.9b3.9b3.8b3.8b4.1b4.0b4.2b4.0b3.6b3.9b3.8b4.0b3.4b

Gross profit Margin, %

50%50%50%50%49%51%49%50%49%45%47%48%49%47%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

1.8b2.4b3.1b2.9b2.4b

Accounts Receivable

4.2b4.4b4.9b5.0b4.8b

Prepaid Expenses

937.0m741.0m704.0m

Inventories

3.5b3.4b4.0b4.4b4.1b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

1.3b1.7b2.3b2.2b2.7b2.8b3.5b2.8b3.2b2.9b2.8b7.7b4.3b

Accounts Receivable

4.5b4.7b4.7b4.7b4.9b5.2b5.3b5.4b5.3b5.2b5.4b5.0b4.8b4.5b

Prepaid Expenses

832.0m713.0m745.0m713.0m949.0m717.0m604.0m567.0m

Inventories

3.6b3.6b3.6b3.6b3.8b4.0b4.3b4.2b4.4b4.5b4.3b4.0b4.2b4.2b
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

4.8b5.1b4.9b5.4b4.6b

Depreciation and Amortization

1.4b1.5b1.5b1.5b1.6b

Inventories

3.0m57.0m(387.0m)(509.0m)370.0m

Accounts Payable

9.0m148.0m24.0m408.0m(117.0m)
USDFY, 2015

Revenue/Employee

337.8k

Debt/Equity

0.9 x

Debt/Assets

0.3 x

Financial Leverage

2.8 x
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3M Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Manufacturing Facilities

215 203 205 182 171

Manufacturing Facilities (United States)

88 81 80 75 71

Manufacturing Facilities (Foreign)

127 122 125 107 100

Countries

38 37 38 37 36
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3M Acquisitions / Subsidiaries

Company NameDateDeal Size
AcelityMay 02, 2019$6.70 b
M ModalDecember 19, 2018
Elution TechnologiesSeptember 07, 2017
Scott SafetyMarch 16, 2017$2 b
SemfinderSeptember 06, 2016
Capital SafetyJune 23, 2015$2.50 b
Polypore (Separations Media Business)February 23, 2015$1 b
Ivera MedicalFebruary 19, 2015
Treo SolutionsFebruary 21, 2014
CeradyneNovember 29, 2012
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3M Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

3M Revenue Breakdown

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3M revenue breakdown by business segment: 20.7% from Transportation and Electronics, 25.0% from Safety and Industrial, 11.0% from Consumer, 16.0% from Health Care, 11.0% from Consumer, 16.0% from Health Care and 0.5% from Other

3M revenue breakdown by geographic segment: 9.7% from Europe, Middle East and Africa, 15.2% from Asia Pacific, 20.5% from United States, 9.7% from Europe, Middle East and Africa, 15.2% from Asia Pacific, 20.5% from United States and 9.2% from Other

Human Capital Metrics

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3M Online and Social Media Presence

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3M News and Updates

Did You Acquire 3M (MMM) Before February 9, 2017? Johnson Fistel Continues its Investigation of 3M; Should Management be Held Accountable for Investors Losses?

SAN DIEGO, Aug. 5, 2020 /PRNewswire/ -- Johnson Fistel, LLP is investigating potential claims on behalf of 3M Company ("3M") (NYSE: MMM) against certain of its officers and directors. Specifically, a class action lawsuit was filed in federal court last year against the Company on behalf...

Analysis of North America's Mining Equipment Industry 2020-2025 with Profiles of Major Players Including Liebherr Group, 3M Company and Terex Corporation

DUBLIN, July 31, 2020 /PRNewswire/ --The "North America Mining Equipment Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering. The North American Mining Equipment Market is expected to exhibit a growth rate of over 8% during the...

Yorkshire bus company invests £9.3m in expanding electric fleet

A Yorkshire transport company has invested £9.3m into replacing diesel vehicles for more environmentally friendly options. First Bus has announced that it has launched the biggest zero emission park and ride fleet in the UK. The full order of Metrodecker EVs, manufactured by Optare in Yorkshire, wil…

Peiky raises $1.3M pre-Series A from angel investors

LatamList – Peiky, a social sales solution, raised a $1.3M bridge funding round from angel investors to expand… The post Peiky raises $1.3M pre-Series A from angel investors appeared first on LatamList.

Global Alcohol Based Disinfectant Market 2020-2025 Top Companies- 3M Company, BODE Chemie, Ecolab, Reckitt Benckiser and more...

A new market study, titled “Global Alcohol Based Disinfectant Market Insights, Forecast to 2025”, has been featured on WiseGuyReports. Posted via Industry Today. Follow us on Twitter @IndustryToday

Key Words: Should Apple be worried by what 3M said about smartphones?

A little insight into the smartphone market, ahead of Apple Inc.’s earnings report due out on Thursday, came from what many may see as an unlikely source — N95 face masks, Post-it Notes and Scotch tape maker 3M Co.
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3M Blogs

3M Recognized by Ethisphere Institute as One of the World’s Most Ethical Companies for the 7th Consecutive Year

Dateline City: ST. PAUL, Minn. ST. PAUL, Minn.--(BUSINESS WIRE)--The Ethisphere Institute today recognized 3M for ethics and integrity in business conduct and compliance for the seventh straight year. 3M is one of only eight industrial …

3M Reaches Settlement Agreement with Wolverine Worldwide

Dateline City: ST. PAUL, Minn. Financial impact reflected in previously announced fourth-quarter 2019 results ST. PAUL, Minn.--(BUSINESS WIRE)-- 3M and Wolverine World Wide, In…

Where an Engineering Career at 3M Can Take You

Marietsa McCreary, currently a quality assurance specialist at 3M, and a certified Project Management Professional considers herself an engineer first and foremost, but in her 15 years at 3M she has experienced even more than she imagined. Her career has taken her to over seven different job sites…

3M Increases Dividend for the 62nd Consecutive Year

Dateline City: ST. PAUL, Minn. ST. PAUL, Minn.--(BUSINESS WIRE)--The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company’s common stock of $1.47 per share for the first quarter of 2020, an increase of 2 percent ove…

3M Smog-reducing Granules go commercial

Language: English Related Materials 3M Smog-reducing Granules go commercial

3M M*Modal Earns #1 Best in KLAS for Speech Recognition: Front-End EMR

Dateline City: SALT LAKE CITY Top ranking in three KLAS categories underscores 3M M*Modal leadership in CDI and speech understanding technology SALT LAKE CITY--(BUSINESS WIRE)-…
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3M Frequently Asked Questions

  • When was 3M founded?

    3M was founded in 1902.

  • Who are 3M key executives?

    3M's key executives are Michael F. Roman, John P, Banovetz and Ivan K. Fong.

  • How many employees does 3M have?

    3M has 96,163 employees.

  • What is 3M revenue?

    Latest 3M annual revenue is $32.1 b.

  • What is 3M revenue per employee?

    Latest 3M revenue per employee is $334.2 k.

  • Who are 3M competitors?

    Competitors of 3M include Emerson, Honeywell and Corning.

  • Where is 3M headquarters?

    3M headquarters is located at 3M Center, Saint Paul.

  • Where are 3M offices?

    3M has offices in Saint Paul, Aberdeen, Alexandria, Ames and in 125 other locations.

  • How many offices does 3M have?

    3M has 136 offices.