Stock Symbol: MMM
3M Company Industry:
3M Company Description:
3M is a $16 billion diversified technology company with leading positions in, health care, safety, electronics, telecommunications, industrial, consumer and office and other markets. Headquartered in St. Paul, Minnesota, the company has operations in more than 60 countries and serves customers in nearly 200 countries. 3M businesses share technologies, manufacturing operations, brands, marketing channels and other important resources. 3M is one of the 30 stocks that make up the Dow Jones Industrial Average and also is a component of the Standard & Poor's 500 Index.
3M Company Financial Summary:
For the nine months ended 30 September 2005, 3M Company's revenues increased 6% to $15.84B. Net income increased 7% to $2.44B. Revenues reflect improved sales from all major segments of the Group. Net income also reflects an increase in gross profit margins and higher interest income. The Company manufactures and markets pressure-sensitive adhesive tapes, abrasives & specialty chemicals, eelectrical & telecommunicatio products.
3M Company Business Summary:
3M Company (3M) is a diversified technology company with a global presence in the healthcare; industrial; display and graphics; consumer and office; safety, security and protection services; electronics and telecommunications, and transportation markets. 3M manages its operations in seven operating business segments: Healthcare; Industrial; Display and Graphics; Consumer and Office; Safety, Security and Protection Services; Electro and Communications, and Transportation. Certain small businesses and staff-sponsored products are not allocated to the business segments. In February 2004, it acquired HighJump Software Inc. In March 2004, the Company acquired Hornell International, a global supplier of personal protective equipment for welding applications. In August 2004, the Company acquired New Jersey-based Info-X Inc., a provider of medical coding compliance software and data for effective management of hospital billing and compliance issues.