OverviewSuggest Edit
3M (formerly Minnesota Mining and Manufacturing) is a diversified technology company with expertise in product development, manufacturing, and marketing. It operates through 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.
| Type | Public | |
| Founded | 1902 | |
| HQ | Saint Paul, MN, US | Map |
| Website | 3m.com | |
| Employee Ratings | More | |
| Overall Culture | B | More |
Recent NewsAll News
Key People/Management at 3M
Michael F. Roman
Chairman of the Board and Chief Executive Officer
John P. Banovetz
Senior Vice President, Innovation and Stewardship and Chief Technology Officer
Ivan K. Fong
Senior Vice President, General Counsel and Secretary
Stephen M. Shafer
Senior Vice President - Business Development and Marketing-Sales
Kristen M. Ludgate
Senior Vice President, Human Resources
Denise R. Rutherford
Senior Vice President, Corporate Affairs
3M Office Locations
3M has offices in Saint Paul, Aberdeen, Alexandria, Ames and in 125 other locations
Saint Paul, MN, US (HQ)
3M Center
Aberdeen, SD, US
610 Co Rd 19
Alexandria, MN, US
2115 S Broadway St
Ames, IA, US
900 Dayton Ave
Angleton, TX, US
1508 E Cedar St
Brookings, SD, US
601 22nd Ave S
3M Financials and Metrics
3M Revenue
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 (Q3, 2020) | 8.4b |
Gross profit (Q3, 2020) | 4.0b |
Gross profit margin (Q3, 2020), % | 48.5% |
Net income (Q3, 2020) | 1.4b |
EBIT (Q3, 2020) | 1.9b |
Market capitalization (15-Jan-2021) | 95.5b |
Closing stock price (15-Jan-2021) | 165.6 |
Cash (30-Sept-2020) | 4.1b |
EV | 111.8b |
3M's current market capitalization is $95.5 b.
Annual
Annual
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 606.0m | 2.5b | 4.0b | 893.0m | 2.0b | 3.6b | 1.3b | 2.6b | 4.0b |
Depreciation and Amortization | 382.0m | 762.0m | 1.1b | 375.0m | 751.0m | 1.1b | 440.0m | 932.0m | 1.4b |
Inventories | (209.0m) | (337.0m) | (562.0m) | (178.0m) | 75.0m | 255.0m | (207.0m) | (198.0m) | 43.0m |
Accounts Payable | (88.0m) | (12.0m) | 148.0m | (3.0m) | (173.0m) | (222.0m) | 12.0m | (269.0m) | (48.0m) |
| USD | FY, 2017 |
|---|---|
EV/EBIT | 19.3 x |
EV/CFO | 24.2 x |
Revenue/Employee | 345.8k |
Debt/Equity | 1.2 x |
Debt/Assets | 0.4 x |
Financial Leverage | 3.3 x |
P/E Ratio | 29.5 |
3M Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Acelity | May 02, 2019 | $6.70 b |
| M Modal | December 19, 2018 | |
| Elution Technologies | September 07, 2017 | |
| Scott Safety | March 16, 2017 | $2 b |
| Semfinder | September 06, 2016 | |
| Capital Safety | June 23, 2015 | $2.50 b |
| Polypore (Separations Media Business) | February 23, 2015 | $1 b |
| Ivera Medical | February 19, 2015 | |
| Treo Solutions | February 21, 2014 | |
| Ceradyne | November 29, 2012 |
3M Revenue Breakdown
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
3M Cybersecurity Score
3M Environment, Social & Governance (ESG) Ratings
3M Online and Social Media Presence
1.41m Twitter followers
3M has 1.41m Twitter Followers. The number of followers has decreased 0.2% month over month and decreased 0.3% quarter over quarter
3M's Trends
Twitter Engagement Stats for @3m
11.6k
Tweets
4.9k
Following
1.4m
Followers
96
Tweets last 30 days
6.9
Avg. likes per Tweet
39.6%
Tweets with engagement
3M Company Culture
Overall Culture
B
70/100
CEO Rating
B
72/100
Compensation
A-
77/100
Diversity
B-
68/100
3M News and Updates
January 15, 2021
Excellus will pay $5.1M to OCR after data breach affects 9.3M people
The breach lasted for more than a year and resulted in the disclosure of individuals' names, Social Security numbers and other protected health information.
January 15, 2021
Insights on the Bonding Films Global Market to 2027 - Featuring 3M, Arkema Group and DowDuPont Among Others
Dublin, Jan. 15, 2021 (GLOBE NEWSWIRE) -- The "Bonding Films - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 5th edition of this report. The 284-page report presents concise insights i…
January 12, 2021
Malaysian fintech firm Microleap banks $3.3m from MAA Group
The company looks to expand its Islamic P2P financing services to small and medium-sized enterprises in 2021.
January 07, 2021
HMRC issues record £28.3m fine for money laundering breaches
HMRC has issued a record £28.3m fine to Luton-based business MT Global, a money transfer company. The fine is the
The post HMRC issues record £28.3m fine for money laundering breaches appeared first on CityAM.
January 07, 2021
Insights on the Thermal Interface Materials Global Market to 2027 - Featuring 3M, Honeywell International and Indium Among Others
Dublin, Jan. 07, 2021 (GLOBE NEWSWIRE) -- The "Thermal Interface Materials - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 8th edition of this report. The 301-page report presents conc…
January 06, 2021
GoGold Drills 2.0m of 928 g/t AgEq at El Favor in Los Ricos North within 15.3m of 174 g/t AgEq
Shares Outstanding: 265,238,134 Trading Symbols: TSX: GGD OTCQX: GLGDF HALIFAX, NS, Jan. 6, 2021 /PRNewswire/ - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release additional assay results from the Company's El Favor deposit on the Los Ricos...
3M Blogs
March 10, 2020
3M and The BrandLab Team up to Expand Diversity in the Design Sector
Dateline City:
ST. PAUL, Minn.
Partnership inspires next generation of diverse talent to pursue creative careers
ST. PAUL, Minn.--(BUSINESS WIRE)--3M and The BrandLab (TBL) tod…
March 09, 2020
Thriving Through Change at 3M
Embrace your best self each day with tips from 3Mers who've thrived through change on the job.
Whether you’re seeking a shift in your career or it’s presented to you, change is an inevitable part of personal and professional growth. Change f…
March 06, 2020
3M Announces Upcoming Investor Event Update
Dateline City:
ST. PAUL, Minn.
ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced an update to the following investor event:
The J.P. Morgan Industrials Conference on Tuesday, March 10, 2020, is now a virtual event. Mik…
March 04, 2020
The Importance of Advocacy and Equality on International Women's Day, and Everyday
International Women’s Day not only belongs to not one specific country, group or organization. It belongs to the collective, everywhere. Each year, on March 8, people around the globe come together to celebrate the social, economic, cultural and political achievements of women, in addition to rais…
March 03, 2020
Focusing on people, product during the coronavirus outbreak
In Aberdeen, South Dakota, Tim Hofer stood in front of a production line that was turning out thousands of 3M N95 respirators. The plant was running around the clock in response to the coronavirus outbreak – and the resulting global demand for respirators.
“We know what we have to do, we know we ne…
February 25, 2020
3M named one of the 2020 World's Most Ethical Companies for the 7th year in a row
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 companies worldwide to be honored this year.
Recognizing that corporate integrity, character and transparency impact the public …
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 General Electric, Emerson and Honeywell.
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.
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