Share prices of industrial giant 3M (MMM -2.01%) are down more than 50% from their 2018 highs. Numerous issues have led to this decline, but the really big ones involve legal issues. Where things go from here, meanwhile, will change dramatically in 2024 if the company's current plans play out as expected.Weak performance and so much more at 3MHistorically, 3M was regarded as a highly innovative industrial company with a long history of growth behind it. However, the company's growth hasn't been all that imp ...

cagkansayinWe previously covered 3M (NYSE:MMM) in October 2023, discussing the company's normalizing top-line from the hyper-pandemic growth and the uncertainty from the ongoing legal settlements. However, we had also believed that the stock had been oversold then, triggering its attractive investment thesis for opportunistic income oriented investors, since the worst might already be over, further aided by the raised FY2023 guidance. In this article, we shall discuss why the MMM stock valuations may be ...

Vladislav Stepanov Introduction One of the first things we're doing in 2024 is taking another look at one of America's largest industrial companies. Founded in 1902, 3M Company (NYSE:MMM) has a $60 billion market cap, which makes it a heavyweight in its sector. However, as most investors know and have felt in their portfolios, the company used to be much larger. In early 2018, the company's market cap almost reached $160 billion, which was followed by a steep decline triggered by economic headwinds, litigat ...

jetcityimage Beleaguered industrial giant 3M (NYSE:MMM) may just be turning the corner after an extremely rough 2023. The company was hammered with lawsuits of unprecedented size from so-called "forever chemicals", agreeing to pay up to $12.5 billion in damages. As if that weren't enough, 3M is also on the hook for about $6 billion for defective earplugs in another financial and reputational blow to the company. However, as we know, Wall Street looks forward and these events are now known and quantified. Th ...

The industrial conglomerate has long been a fascinating investment proposition. With a 64-year history of increasing dividends and a 5.6% yield, it's easy to see why 3M (MMM -0.34%) will attract income-seeking investors. In addition, restructuring actions promise to improve profit margins and drive earnings growth as its cyclical end markets improve over time. Does it all add up to make the stock a buy?3M isn't perfectThe industrial conglomerate is far from perfect. The company's high-profile legal settleme ...

ST. PAUL, Minn., Dec. 27, 2023 /PRNewswire/ -- Since the Combat Arms Earplug settlement agreement was announced in August 2023, it has received strong and widespread support from claimants and the broader military community. This support has helped the parties and the courts reach the next milestone set forth in the agreement toward full implementation of the settlement.  Recent updates include: On December 26, 3M made a payment of $250 million to the Qualified Settlement Fund to compensate claimants seeki ...

Fool.com contributor Parkev Tatevosian highlights why he considers this dividend stock one of the best for 2024. *Stock prices used were the afternoon prices of Dec. 22, 2023. The video was published on Dec. 24, 2023. ...

3M Company (NYSE:MMM) Q3 2023 Earnings Conference Call October 24, 2023 9:00 AM ET Company Participants Bruce Jermeland - Senior Vice President of Investor Relations Michael Roman - Chairman & Chief Executive Officer Monish Patolawala - President and Chief Financial Officer Conference Call Participants Scott Davis - Melius Research Andrew Obin - Bank of America Joe Ritchie - Goldman Sachs Christopher Snyder - UBS Andrew Kaplowitz - Citigroup Deane Dray - RBC Capital Markets Stephen Tusa - JPMorgan Securitie ...

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 September 30, 2023 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 other jurisdi ...

2023 Third Quarter Earnings (unaudited) Mike Roman Monish Patolawala Bruce Jermeland Chairman of the Board and President and Chief Senior Vice President, Chief Executive Officer Financial Officer Investor Relations 2 Forward-looking statements This presentation contains forward-looking information about 3M’s financial results and estimates and business prospects that involve substantial risks and uncertainties. You can identify these statements by the use of words such as “plan,” “expect,” “aim,” “believe,” ...