Recent Updates — MMM
3M reported third-quarter GAAP earnings per share of $2.63, a 70% increase year-over-year, driven by strong operating margin expansion to 23.7%. Adjusted sales reached $6.6 billion with organic growth of 3.3%, while adjusted free cash flow totaled $1.2 billion. The company raised its full-year 2026 adjusted EPS guidance to a range of $9.10 to $9.15, citing improved productivity and a stronger technology pipeline. 3M operates in the diversified industrial sector, manufacturing products for safety, transportation, electronics, and consumer markets.
On October 19, 2026, 3M Company entered into an expanded strategic commercial relationship with a wholly-owned subsidiary of Amazon.com, Inc. As part of this agreement, 3M issued a warrant to the subsidiary allowing for the purchase of up to 3,162,015 shares of common stock at an exercise price of $164.89 per share over seven years. Vesting is contingent on Amazon making payments for optical connectivity and other Data Center products, with full vesting triggered once cumulative payments reach $6 billion; the remaining shares are subject to event-based milestones. 3M Company operates in the diversified technology and manufacturing industry.
On September 10, 2026, 3M Company closed the sale of €500 million aggregate principal amount of each of its 3.500% Notes due 2028, 3.900% Notes due 2031 and 4.100% Notes due 2034. The offering was underwritten by Deutsche Bank AG, London Branch, Merrill Lynch International, Citigroup Global Markets Limited and J.P. Morgan Securities plc. Net proceeds will be used for general corporate purposes, which may include the repayment, redemption or refinancing of indebtedness. 3M Company is a diversified technology company that manufactures industrial, safety, and consumer products.
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.
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.
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.