IntrinsicIntrinsic
OverviewFinancialsChartBusiness SummaryFilingsOwnershipValuation

Recent Updates — MMM

September 10, 2026View Source ↗

On September 10, 2026, 3M Company closed a Euro-denominated bond offering of €1.5 billion in aggregate principal amount. The issuance consists of three tranches: €500 million of 3.500% Notes due 2028, €500 million of 3.900% Notes due 2031, and €500 million of 4.100% Notes due 2034. The notes were sold pursuant to an Underwriting Agreement dated September 3, 2026, with Deutsche Bank AG, Merrill Lynch International, Citigroup Global Markets Limited, and J.P. Morgan Securities plc acting as underwriters. Net proceeds are intended for general corporate purposes, including the repayment or refinancing of existing indebtedness. 3M Company operates in the diversified technology and manufacturing industry.

August 19, 2026View Source ↗

On August 17, 2026, 3M Company entered into a new $4.25 billion unsecured revolving credit facility with JPMorgan Chase Bank as administrative agent and various lenders. This agreement replaces the former five-year revolving credit agreement dated May 11, 2023, which was terminated on the effective date. The new facility matures five years from inception but includes options to increase commitments up to $5.25 billion or extend the term by two additional one-year periods at the lenders' discretion. Interest rates are based on Base Rate, Term SOFR, or EURIBO plus applicable margins ranging from 0% to 1.125%, and unused commitment fees range from 0.05% to 0.11%. The agreement requires maintaining an EBITDA to Interest Ratio of at least 3.0 to 1.0 and includes change of control provisions. 3M Company operates in the diversified technology and manufacturing industry, producing a wide range of industrial, safety, and consumer products.

July 21, 2026View Source ↗

3M Company reported second-quarter 2026 results, featuring GAAP sales of $6.5 billion, a 2.4% increase year-over-year, and adjusted sales of $6.5 billion with 5.4% organic growth. Adjusted EPS rose 11% year-over-year to $2.40, while adjusted operating margin improved 40 basis points to 24.9%. The company reported $1.0 billion in operating cash flow and $1.3 billion in adjusted free cash flow. Consequently, 3M raised its full-year 2026 adjusted EPS guidance to a range of $8.80 to $8.95, up from the previous $8.50 to $8.70. 3M is a diversified manufacturer of various products including safety, transportation, and consumer goods.

June 8, 2026View Source ↗

3M Company's Board of Directors elected Jennifer W. Rumsey to the Board and appointed her to the Science, Technology and Sustainability Committee, effective June 5, 2026. Ms. Rumsey is the current Chair of the Board and CEO of Cummins Inc.