3M Company

Open: 105.31 Close: 106.22 Change: 0.91

The best way to get information about 3M Company Company Inc Stock: Use an AI.

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Stock Summary

3M provides diversified technology services in the United States and internationally. Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications. Transportation and Electronics segment provides ceramic solutions; ceramic solutions for transportation vehicles. Healthcare segment offers health.

Today's Summary

3M lost $50 billion in market value in the wake of the lawsuits. The company bought Aearo Technologies without doing enough due diligence on potential litigation liabilities.

Today's News

3M lost $50 billion in market value in the wake of the lawsuits. The company bought Aearo Technologies without doing enough due diligence on potential litigation liabilities. American manufacturing giant 3M will cut 6,000 jobs to reduce costs as global demand for goods slows. By removing layers of administration and streamlining the supply chain, 3M claims that these layoffs will save money while also enabling the company to become stronger and leaner. 3m company (mmm) latest press releases & corporate news - yahoo finance. The company said the move will affect employees across all of its businesses. 3M is a diversified industrial company with worldwide operations organized into four segments. 3M CEO Mike Roman said on an earnings call that the layoffs “will span all functions, businesses and geographies” The layoffs will reduce costs by up to $900 million annually. The company also reported lower income and sales for the first quarter.

Stock Profile

"3M Company provides diversified technology services in the United States and internationally. The company operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment tapes, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. The Healthcare segment offers health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. The Consumer segment provides consumer bandages, braces, supports, and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. 3M Company was founded in 1902 and is headquartered in St. Paul, Minnesota."

Keywords

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