As expected, 3M plans to reset its dividend after spinning off its healthcare unit.3M (MMM 2.00%) has been a dividend stalwart. The industrial conglomerate has paid dividends to its shareholders for over a century without interruption and has raised its payout annually for more than 60 straight years. The company's dividend-growth streak currently qualifies it as a Dividend King, a term  for companies that have increased their payouts for at least 50 years in a row. However, 3M is about to make a big change ...

Ashish Kurmi (left) and Varun Sharma, co-founders of StepSecurity. (StepSecurity Photo)StepSecurity, a Seattle-area startup aiming to help developers secure their projects, raised a $3 million seed round led by Runtime Ventures. Founded in 2022 by former Microsoft engineers and cybersecurity veterans Ashish Kurmi and Varun Sharma, StepSecurity focuses on CI/CD, an industry term known as continuous integration and continuous delivery that describes the process of automating the development and deployment of ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Key Takeaways3M exceeded estimates for profit and sales in the first quarter while saying that its spinoff of health care unit Solventum means it won't be increasing its dividend. The multinational conglomerate said its dividend would now be based on its free cash flow, which is expected to lower the amount of payouts after six decades of annual increases.Despite that, shares of 3M rose to their highest level in more than a year on its streamlining efforts. Shares of 3M (MMM) climbed as the streamlined mult ...

3M Company (MMM) reported first-quarter 2024 results, wherein revenues and earnings surpassed the Zacks Consensus Estimate. Both the top and bottom lines (on adjusted basis) increased on a year-over-year basis.Inside the Headlines3M delivered adjusted earnings of $2.39 per share, surpassing the Zacks Consensus Estimate of $2.08. The metric increased from $1.97 reported in the year-ago quarter.The company’s adjusted net sales of $7.72 billion outperformed the Zacks Consensus Estimate of $7.64 billion. The me ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 1-3285 3M COMPANY (Exact name of registrant as specified in its charter) Delaware 41-0417775 (State or ...

3M (MMM) stock is up nearly 4% Tuesday, making it the best Dow Jones stock in intraday trading. The upside comes as the Post-It note maker's first-quarter earnings and revenue beat offset news that MMM is cutting its dividend, putting an end to its six-decade streak of increases.In the three months ended March 31, 3M said revenue increased 0.5% year-over-year to $7.7 billion and earnings per share (EPS) were up 21.3% to $2.39. The results exceeded analysts' expectations for revenue of $7.1 billion and EPS o ...

Strong quarterly results offer investors reason to hope the worst is over for the industrial conglomerate.Long-suffering 3M (MMM 4.56%) shareholders must have been pleasantly surprised by its first-quarter results Tuesday morning, and the stock is moving higher as a result. Shares of 3M were trading up by 5% as of 10:30 a.m. ET after its numbers easily beat expectations.A return to organic growthThe industrial conglomerate has lost more than 40% of its value over the past three years as it worked through a ...

3M (MMM) came out with quarterly earnings of $2.39 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $1.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.90%. A quarter ago, it was expected that this maker of Post-it notes, industrial coatings and ceramics would post earnings of $2.31 per share when it actually produced earnings of $2.42, delivering a surprise of 4.76%.Over th ...

Exhibit 99.1 3M First-Quarter Results Driven by Strong Operational Performance; Company Initiates Full-Year 2024 Guidance Reflecting Completion of Solventum Spin • Company delivers strong first quarter results: - Sales of $8.0 billion, down 0.3% YoY; adjusted sales of $7.7 billion with organic growth up ~1% YoY - GAAP earnings per share of $1.67, down 5% YoY; adjusted earnings of $2.39, up double digits YoY • Successfully completed the spin of Solventum on April 1st • Finalized legal settlements for Public ...