US Market News
1月前
3M Annual Meeting ResultsMay 12, 2026 4:46 PM
PR Newswire (US) ST. PAUL, Minn., May 12, 2026 /PRNewswire/ -- At today's Annual Meeting of Shareholders, 3M (NYSE:MMM) shareholders overwhelmingly supported each of the proposals recommended for approval by the company.Preliminary Shareholder Voting Results3M shareholders today voted on the following business items:1) Shareholders supported 10 directors for one-year terms:David P. Bozeman, President, Chief Executive Officer and Director, C.H. Robinson Worldwide, Inc.Thomas "Tony" K. Brown, retired Group Vice President, Global Purchasing, Ford Motor CompanyWilliam M. "Bill" Brown, Chairman of the Board and Chief Executive Officer, 3M CompanyAudrey Choi, retired Chief Sustainability Officer and Management Committee Member, Morgan StanleyAnne H. Chow, retired Chief Executive Officer, AT&T BusinessJames R. Fitterling, Chair and Chief Executive Officer, Dow Inc.Suzan Kereere, President, Global Markets, PayPalNeil G. Mitchill, Jr., Executive Vice President and Chief Financial Officer, RTX CorporationPedro J. Pizarro, President, Chief Executive Officer and Director, Edison InternationalThomas W. Sweet, retired Chief Financial Officer, Dell Technologies2) Shareholders supported the appointment of PricewaterhouseCoopers LLP as 3M's independent registered public accounting firm for 2026.3) Shareholders supported, on an advisory basis, executive compensation, as described in the company's Notice of Annual Meeting and Proxy Statement.3M will disclose the final voting results on each item of business properly presented at the Annual Meeting on Form 8-K to be filed with the SEC.About 3M
3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at 3M.com/news.Please note that the company announces material financial, business and operational information using the 3M investor relations website, SEC filings, press releases, public conference calls and webcasts. The company also uses the 3M News Center and social media to communicate with our customers and the public about the company, products and services and other matters. It is possible that the information 3M posts on the News Center and social media could be deemed to be material information. Therefore, the company encourages investors, the media and others interested in 3M to review the information posted on 3M's News Center and the social media channels such as @3M or @3MNews.Contacts3M
Investor Contact:
Diane Farrow, 612-202-2449
Media Contact:
3Mnews@mmm.com View original content to download multimedia:https://www.prnewswire.com/news-releases/3m-annual-meeting-results-302770102.htmlSOURCE 3M Company Original: 3M Annual Meeting Results
iHub News
2月前
Wall Street Futures Point Higher as Ceasefire Extension Lifts Sentiment: Dow Jones, S&P, Nasdaq, Wall StreetApril 22, 2026 9:21 AM
IH Market News
U.S. stock futures are indicating a stronger open on Wednesday, with markets poised to recover after declines in the previous two sessions.The early positive tone follows news that President Donald Trump has extended the U.S. ceasefire with Iran, prompting renewed buying interest.Describing Iran’s leadership as “seriously fractured,” Trump said in a Truth Social post that the U.S. would refrain from further military action until Iranian leaders “come up with a unified proposal.”At the same time, he confirmed that U.S. forces would maintain a blockade on maritime traffic to and from Iranian ports.Iran dismissed Trump’s ceasefire extension as “meaningless” and said the Strait of Hormuz will remain closed until the U.S. blockade is lifted.Mahdi Mohammadi, a senior adviser to Iran’s parliamentary speaker Mohammad Bagher Ghalibaf, described the move as a tactic “to buy time for a surprise strike,” adding that the “losing side cannot dictate terms.”Soon after Trump’s announcement, Iran’s Revolutionary Guard Navy said it had seized two container ships in the Strait of Hormuz over alleged “maritime violations.”The ongoing exchange between Washington and Tehran has added uncertainty, though investors continue to hold out hope for a diplomatic resolution.Market participants are also encouraged by a solid start to the corporate earnings season.“Investors appear to be focusing more on the direction of risk — whether things are improving or deteriorating — rather than the absolute level of geopolitical tension,” said Daniela Hathorn, Senior Market Analyst at Capital.com.“Earnings season is playing a key role in reinforcing this narrative,” she added. “Expectations for continued double-digit earnings growth remain intact, helping to justify elevated equity valuations even as macro risks persist.”After a modest pullback on Monday, U.S. equities extended their losses on Tuesday. The major indices initially traded higher but reversed course and closed firmly in negative territory.By the close, the Dow Jones Industrial Average had dropped 293.18 points, or 0.6%, to 49,149.38. The Nasdaq Composite declined 144.43 points, or 0.6%, to 24,529.96, while the S&P 500 fell 45.13 points, or 0.6%, to 7,064.01.The sell-off was largely driven by a sharp rise in oil prices during the session.U.S. crude futures extended Monday’s rebound, climbing more than 2.5% on the day.The increase in oil prices helped offset last Friday’s steep decline, which had been driven by concerns ahead of the ceasefire deadline between the U.S. and Iran.In an interview with CNBC, Trump said he expects to “end up with a great deal” with Tehran, while also indicating that military action could resume if the ceasefire lapses.Separately, the New York Times reported, citing a U.S. official, that Vice President JD Vance’s planned trip to Pakistan had been cancelled after Iran failed to respond to U.S. proposals.Earlier in the session, markets were supported by upbeat corporate earnings.Shares of UnitedHealth (NYSE:UNH) surged 7% after the health insurer posted better-than-expected quarterly results and raised its full-year guidance.Homebuilder D.R. Horton (NYSE:DHI) jumped 5.8% following stronger-than-forecast earnings for the first quarter.In contrast, 3M (NYSE:MMM) fell 1.9% despite beating earnings expectations, as its full-year outlook disappointed investors.Markets also found support from fresh economic data. A Commerce Department report showed U.S. retail sales rose more than expected in March.Retail sales increased 1.7% for the month, following a revised 0.7% gain in February. Economists had anticipated a 1.4% rise.Excluding autos, retail sales jumped 1.9%, above expectations of a 1.3% increase, after rising 0.7% in February.Sector-wise, gold-related stocks declined sharply in line with falling bullion prices, with the NYSE Arca Gold Bugs Index dropping 6.4%.Airline stocks also came under pressure, as shown by a 4.3% decline in the NYSE Arca Airline Index.Pharmaceutical, commercial real estate, and utility sectors also weakened, while energy stocks advanced alongside rising oil prices.UnitedHealth Group stock priceD.R. Horton stock price3M stock price
Original: Wall Street Futures Point Higher as Ceasefire Extension Lifts Sentiment: Dow Jones, S&P, Nasdaq, Wall Street
iHub News
2月前
U.S. Stocks Set to Rebound as Strong Retail Sales and Earnings Boost Sentiment: Dow Jones, S&P and Nasdaq FuturesApril 21, 2026 9:06 AM
IH Market News
Dow Jones, S&P 500 and Nasdaq index futures are currently pointing to a higher open on Tuesday, with stocks likely to move back to the upside following the modest pullback seen in the previous session.A positive reaction to some of the latest earnings news may contribute to early strength on Wall Street even as traders keep an eye on the latest developments in the Middle East.Shares of UnitedHealth (NYSE:UNH) are surging by 7.2 percent in pre-market trading after the health insurance giant reported better than expected first quarter results and raised its full-year earnings guidance.Homebuilder D.R. Horton (NYSE:DHI) is also seeing significant pre-market strength after reporting first quarter earnings that exceeded analyst estimates.On the other hand, shares of 3M (NYSE:MMM) may come under pressure after the conglomerate reported better than expected first quarter earnings but provided disappointing full-year guidance.Early buying interest may also be generated in reaction to a Commerce Department report showing retail sales in the U.S. surged by more than expected in the month of March.The report said retail sales shot up by 1.7 percent in March after climbing by an upwardly revised 0.7 percent in February.Economists had expected retail sales to jump by 1.4 percent compared to the 0.6 percent increase originally reported for the previous month.Excluding sales by motor vehicle and parts dealers, retail sales surged by 1.9 percent in March after growing by 0.7 percent in February. Ex-auto sales were expected to leap by 1.3 percent.However, traders may be reluctant to make significant moves as they await further news about potential peace talks between U.S. and Iran as the end of their ceasefire looms.“Oil prices remained below $100 a barrel which suggests cautious optimism that the Middle East conflict won’t intensify,” said Russ Mould, investment director at AJ Bell.He added, “However, the longer oil remains in the 90s range (currently $95), the higher the chance of an inflationary shock and a wobble to global economic activity.”Following the substantial rally seen last week, stocks saw a modest pullback during trading on Monday. The major averages all moved to the downside, although selling pressure was relatively subdued.The major averages finished the day well off their lows of the session but still in the red. The Nasdaq fell 64.09 points or 0.3 percent to 24,404.39, the S&P 500 dipped 16.92 points or 0.2 percent to 7,109.14 and the Dow edged down 4.87 points or less than a tenth of a percent to 49,442.56.The modest weakness on Wall Street came amid concerns about the re-escalation of tensions between the U.S. and Iran following the latest developments in the Middle East.Over the weekend, Iran once again closed the Strait of Hormuz and purportedly fired on tankers in the vital waterway, blaming the U.S. blockade of Iranian ports for the moves.President Donald Trump called Iran’s actions a “total violation” of the ceasefire agreement between the U.S. and Iran, which is currently set to expire this week.In a post on Truth Social, Trump also said he is sending representatives to Islamabad, Pakistan, for talks with Iran, although Tehran has denied there are plans for a second round of negotiations.Trump once again threatened to knock out every single power plant and bridge in Iran if the country refuses to make a deal.The latest threats combined with news that U.S. forces have seized an Iranian-flagged cargo ship in the Gulf of Oman, contributed to a significant rebound by the price of crude oil.Some traders may also have been looking to cash in on last week’s strong gains, although selling pressure remained relatively subdued amid persistent optimism about an eventual U.S.-Iran deal.Reflecting the lackluster performance by the broader markets, most of the major sectors ended the day showing only modest moves.Airline stocks saw considerable weakness, however, with the NYSE Arca Airline Index falling by 1.8 percent after soaring by 6.4 percent last Friday.A pullback by the price of gold also weighed on gold stocks, dragging the NYSE Arca Gold Bugs Index down by 1.3 percent.Pharmaceutical and health care stocks also saw notable weakness on the day, while steel and banking stocks moved to the upside.
Original: U.S. Stocks Set to Rebound as Strong Retail Sales and Earnings Boost Sentiment: Dow Jones, S&P and Nasdaq Futures
US Market News
2月前
3M Reports First-Quarter 2026 ResultsApril 21, 2026 6:30 AM
PR Newswire (US)
Q1 GAAP sales of $6.0 billion, up 1.3%; operating margin of 23.2%, up 230 bps; EPS of $1.23, down 40%, all YoYAdjusted sales of $6.0 billion with organic growth of 1.2% YoYAdjusted operating margin of 23.8%, up 30 bps YoYAdjusted EPS of $2.14, up 14% YoYQ1 operating cash flow of $0.6 billion with adjusted free cash flow of $0.5 billionReiterates full-year 2026 guidanceST. PAUL, Minn., April 21, 2026 /PRNewswire/ -- 3M (NYSE: MMM) today reported first-quarter results."We are executing on 3M's value creation framework to build a stronger company," said William Brown, 3M Chairman and CEO. "Our focus remains on improving execution of the fundamentals and transforming the company by simplifying and standardizing our processes and footprint and reshaping the portfolio. Together, these actions will drive structurally higher growth and stronger margin performance, while improving enterprise resilience and predictability."Brown added, "We had a good start to the year, and despite operating in a volatile environment, we remain confident in achieving our 2026 guidance while staying committed to our long-term strategy - investing in growth, driving operational performance, and returning cash to shareholders."First-quarter highlights:
Q1 2026
Q1 2025
GAAP EPS
$ 1.23
$ 2.04
Special items:
Net costs (benefit) from significant litigation
(0.04)
0.41
Loss on business divestitures
0.01
—
Manufactured PFAS products
0.18
0.06
(Increase) decrease in value of Solventum ownership
0.67
(0.63)
Transformation costs
0.09
—
Adjusted EPS
$ 2.14
$ 1.88
Memo:
GAAP operating income margin
23.2 %
20.9 %
Adjusted operating income margin
23.8 %
23.5 %
GAAP EPS of $1.23 and operating margin of 23.2%.Adjusted EPS of $2.14, up 14% year-on-year.Adjusted operating income margin of 23.8%, an increase of 30 basis points year-on-year.
GAAP
Adjusted (non-GAAP)
Net sales (billions)
$6.0
$6.0
Sales change
Total sales
1.3 %
3.9 %
Components of sales change:
Organic sales
(1.4)
1.2
Acquisitions/divestitures
(0.1)
(0.1)
Translation
2.8
2.8
Adjusted sales excludes manufactured PFAS products.
Sales of $6.0 billion, up 1.3% year-on-year with organic sales down 1.4% year-on-year.Adjusted sales of $6.0 billion, up 3.9% year-on-year with adjusted organic sales up 1.2% year-on-year.3M returned $2.4 billion to shareholders via dividends and share repurchases.Cash from operations of $0.6 billion.Adjusted free cash flow of $0.5 billion.Full-year 2026 guidance
3M reiterated the following full-year 2026 expectations.Adjusted total sales growth1 of ~4 percent, reflecting adjusted organic sales growth1 of ~3 percent.Adjusted operating income margin expansion1 of 70 bps to 80 bps.Adjusted EPS1 in the range of $8.50 to $8.70.Adjusted operating cash flow1 of $5.6 to $5.8 billion, contributing to >100 percent adjusted free cash flow conversion1.1As further discussed at 4 within the "Supplemental Financial Information Non-GAAP Measures" sections, 3M cannot, without unreasonable effort, forecast certain items required to develop meaningful comparable GAAP financial measures and, therefore, does not provide them on a forward-looking basis reflecting these items.Conference call
3M will conduct an investor teleconference at 9 a.m. ET (8 a.m. CT) today. Investors can access this conference via the following:Live webcast at https://investors.3M.com Webcast replay at https://investors.3m.com/financials/quarterly-earnings Consolidated financial statements and supplemental financial information non-GAAP measures
View the Financial Statement Information on 3M's website: https://investors.3m.com/financials/quarterly-earningsForward-looking statements
Certain statements in this document, as well as other filings we make with the United States Securities and Exchange Commission ("SEC") and other written and oral information we release are considered "forward-looking statements" under the federal securities laws, including the Private Securities Litigation Reform Act of 1995, as amended (the "PSLRA"). Forward-looking statements may appear throughout this document and are typically identified by the words "aim," "anticipate," "believe," "can," "continue," "could," "estimate," "evaluate," "expect," "forecast," "future," "goal," "guidance," "impact," "initial," "intend," "likely," "may," "outlook," "plan," "possible," "potential," "predict," "probable," "project," "seek," "should," "strategy," "target," "will," "would," and other words that are similar to, or have the opposite meanings, of those words.All forward-looking statements are intended to enjoy the protection of the PSLRA's safe harbor for forward looking-statements, as well as the protections provided by other securities laws. Forward-looking statements speak only as of the date they are made and the Company assumes no obligation to update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on any of these forward-looking statements.Although the Company believes it has a reasonable basis for the forward-looking statements it makes, those statements are based on certain assumptions and expectations of future events and trends that are subject to risks and uncertainties. Changes in those assumptions, expectations, or other factors could produce materially different results. The most important risks, uncertainties, and other factors that could cause the Company's actual results to differ from the Company's forward-looking statements include:(1) worldwide economic, political, regulatory, international trade, geopolitical, tariffs, and retaliatory counter measures, capital markets, and other external conditions, (2) foreign currency exchange rates and fluctuations in those rates, (3) liabilities and contingencies related to PFAS, including liabilities related to claims, lawsuits, and government regulatory proceedings concerning various PFAS-related products and chemistries, as well as risks related to the Company's exit of PFAS manufacturing and work to discontinue use of PFAS across its product portfolio, (4) risks related to the PWS Settlement to resolve claims by public water suppliers in the United States regarding PFAS, as well as risks related to ongoing PFAS-related settlements and claims, (5) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's reports on Form 10-K, 10-Q, and 8-K, as well as compliance risks related to legal or regulatory requirements, government contract requirements, policies and practices, or other matters that require or encourage the Company or its customers, suppliers, vendors, or channel partners to conduct business in a certain way, (6) competitive conditions and customer preferences, (7) the timing and market acceptance of new product and service offerings, (8) the availability and cost of purchased components, compounds, raw materials and energy due to shortages, increased demand and wages, tariffs, supply chain interruptions, or natural or other disasters, (9) unanticipated problems or delays when implementing new business systems and solutions, including with the phased implementation of a global enterprise resource planning system, or security breaches and other disruptions to the Company's information or operational technology infrastructure, (10) use of artificial intelligence technologies, (11) the impact of acquisitions, strategic alliances, divestitures, and other strategic events resulting from portfolio management actions and other evolving business strategies, (12) operational execution, including the extent to which the Company can realize the benefits of planned productivity improvements, as well as the impact of organizational restructuring activities, (13) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans, (14) the Company's credit ratings and its cost of funding, (15) tax-related external conditions, including changes in tax rates, laws, or regulations, (16) matters relating to the Company's Aearo Entities, Combat Arms Earplugs Settlement, and related products, and (17) matters relating to the spin-off of Solventum, the Company's former Health Care business, into an independent public company.Those risks, uncertainties, and other factors are further described in Part I, Item 1A, "Risk Factors" of the Company's Form 10-K for the year ended December 31, 2025. For additional information concerning factors that may cause actual results to differ materially from the Company's forward-looking statements, see the Company's reports on Form 10-K, 10-Q, and 8-K filed with the SEC from time to time.About 3M
3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at 3M.com/news.Please note that the company announces material financial, business and operational information using the 3M investor relations website, SEC filings, press releases, public conference calls and webcasts. The company also uses the 3M News Center and social media to communicate with our customers and the public about the company, products and services and other matters. It is possible that the information 3M posts on the News Center and social media could be deemed to be material information. Therefore, the company encourages investors, the media and others interested in 3M to review the information posted on 3M's News Center and the social media channels such as @3M or @3MNews.Contacts
3M
Investor Contact:
Diane Farrow, 612-202-2449
Media Contact:
3MNews@mmm.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/3m-reports-first-quarter-2026-results-302747982.htmlSOURCE 3M Company
Original: 3M Reports First-Quarter 2026 Results
iHub News
2月前
Futures Signal Continued Gains for Wall Street: Dow Jones, S&P, NasdaqApril 17, 2026 9:23 AM
IH Market News
U.S. stock futures are indicating a higher open on Friday, suggesting that markets may build on the upward momentum seen in recent sessions.Investor sentiment continues to be supported by optimism that the U.S. conflict with Iran could be nearing an end, following recent remarks from President Donald Trump.Speaking at an event in Las Vegas on Thursday, Trump said the “war in Iran is going along swimmingly” and “should be ending pretty soon.”While similar upbeat comments have been made throughout the conflict, they continue to underpin positive sentiment in equity markets.“If a resolution can be found in the near term, then perhaps the market will have been right to see this as a blip rather than something which justifies a more significant derating of corporate valuations,” said Russ Mould.He added, “Only time will tell, though sooner rather than later there will need to be evidence of Donald Trump’s repeated claims that the war will be ending soon coming to fruition.”Markets are also being supported by expectations of solid corporate earnings, ahead of a busy week of results from major companies.Among those set to report are 3M (NYSE:MMM), UnitedHealth (NYSE:UNH), AT&T (NYSE:T), Boeing (NYSE:BA), IBM Corp. (NYSE:IBM), Tesla (NASDAQ:TSLA), American Express (NYSE:AXP), and Intel (NASDAQ:INTC).However, Netflix (NASDAQ:NFLX) shares are down 8.9% in premarket trading after the company delivered strong first-quarter results but issued weaker-than-expected guidance for the second quarter.On Thursday, stocks traded unevenly but maintained an overall positive tone, with major indices ending moderately higher. The Nasdaq and S&P 500 both extended recent gains, closing at fresh record highs.All three major benchmarks finished in positive territory: the Nasdaq rose 86.69 points, or 0.4%, to 24,102.70; the S&P 500 gained 18.33 points, or 0.3%, to 7,041.28; and the Dow Jones Industrial Average added 115.00 points, or 0.2%, to 48,578.72.The sustained rally has helped the Nasdaq and S&P 500 recover fully from the sharp declines seen following the outbreak of the U.S.-Iran conflict.Investors also remain hopeful about the possibility of renewed peace talks between Washington and Tehran, although no official meeting has yet been confirmed.Reports suggest both sides may consider extending the current ceasefire by two weeks to allow more time for negotiations.Further boosting sentiment, Trump said in a post on Truth Social that Israel and Lebanon have agreed to a 10-day ceasefire.He also noted that Israeli Prime Minister Benjamin Netanyahu and Lebanese President Joseph Aoun have been invited to the White House for peace discussions.Iran has continued to insist that Israel halt its attacks on Hezbollah in Lebanon as part of any ongoing ceasefire agreement.“It’s like the events of the past month-and-a-half have been placed in the rearview mirror by investors,” said Dan Coatsworth. “The market’s sanguine perspective may be tested if the rhetoric about an end to the fighting isn’t matched by reality sooner rather than later.”On the economic front, the Federal Reserve reported that U.S. industrial production unexpectedly declined in March.Industrial output fell 0.5% during the month, following a 0.7% increase in February. Economists had expected a modest 0.1% rise. The decline was partly driven by notable drops in utilities and mining production.In sector performance, transportation stocks stood out, pushing the Dow Jones Transportation Average up 4.1% to a record closing high.J.B. Hunt (NASDAQ:JBHT) was a key contributor, with shares jumping 6.3% after reporting better-than-expected quarterly results.Telecom stocks also showed strong gains, with the NYSE Arca North American Telecom Index rising 3.8%.Strength was also seen in networking, hardware, software, and oil-related stocks, while airline stocks moved notably lower.3M stock priceUnitedHealth Group stock priceAT&T stock priceBoeing stock priceIBM stock priceTesla stock priceAmerican Express stock priceIntel stock priceNetflix stock priceJ.B. Hunt Transport Services stock price
Original: Futures Signal Continued Gains for Wall Street: Dow Jones, S&P, Nasdaq
US Market News
3月前
3M to create a leading fire and safety business; acquires Madison Fire & Rescue and combines with Scott SafetyMarch 19, 2026 6:45 AM
PR Newswire (US)
3M will form a new joint venture to offer best-in-class safety, fire-rescue, and suppression solutions for firefighters, first responders, and industrial workersST. PAUL, Minn., March 19, 2026 /PRNewswire/ -- 3M (NYSE: MMM) announced today that it has entered into a definitive agreement to acquire Madison Fire & Rescue, in partnership with Bain Capital. 3M and Bain Capital will establish a new joint venture in which 3M will contribute Scott Safety, receive $700M of cash proceeds upon closing and own 50.1% of the new company with Bain Capital owning 49.9%. 3M's deep expertise and track record in the safety industry combined with Bain Capital's capability to integrate businesses, accelerate growth and drive synergies make this an ideal partnership.Madison Fire & Rescue offers a premier portfolio in rescue technology and fire suppression, including products offered under the Holmatro, Amkus, Task Force Tips, Fire Fighting Systems, and Waterax brands. This business aligns with 3M, sharing strengths in technology innovation, quality and reliability, and brand.The combination of Scott's premium Self-Contained Breathing Apparatus (SCBA) solutions with Madison Fire & Rescue's complementary portfolio will enable the company to better serve firefighters, first responders and industrial workers."This strategic transaction broadens 3M's safety portfolio, one of our priority verticals, by expanding our market reach and building scale for future growth," said William Brown, Chairman and CEO. "It positions us to enhance margins and generate strong free cash flow, and enables continued investment in innovations that create value for customers and shareholders."Under the terms of the transaction 3M and Bain Capital will acquire Madison Fire & Rescue from Madison Industries for $1.95B. The transaction is expected to close in the second half of 2026, subject to customary closing conditions.Forward-Looking Statements
This release includes "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, including statements regarding the proposed transaction between 3M, Bain Capital and Madison Fire & Rescue (Madison). These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "forecast," "outlook," "target," "endeavor," "seek," "predict," "intend," "strategy," "plan," "may," "could," "should," "will," "would," "will be," "will continue," "will likely result," or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements, other than historical facts, including, but not limited to, statements regarding the expected timing and structure of the proposed transaction, the ability of the parties to complete the proposed transaction, the expected benefits of the proposed transaction, including future financial and operating results and strategic benefits, the tax consequences of the proposed transaction, and the new joint venture company's plans, objectives, expectations and intentions, legal, economic and regulatory conditions, and any assumptions underlying any of the foregoing, are forward-looking statements. These forward-looking statements are based on 3M's current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from 3M's current expectations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others: (1) that one or more closing conditions to the proposed transaction may not be satisfied or waived, on a timely basis or otherwise; (2) the risk that the proposed transaction may not be completed on the terms or in the timeframe expected by 3M, or at all; (3) unexpected costs, charges or expenses resulting from the proposed transaction; (4) uncertainty of the expected financial performance of the combined SCBA and Madison businesses following completion of the proposed transaction; (5) failure to realize the anticipated benefits of the proposed transaction, including as a result of delay in completing the proposed transaction or integrating the businesses, on the expected timeframe or at all; (6) the ability of the new joint venture company to implement its business strategy; (7) difficulties and delays in the achieving revenue and cost synergies; (8) inability to retain and hire key personnel; (9) the occurrence of any event that could give rise to termination of the proposed transaction; (10) evolving legal, regulatory and tax regimes; (11) changes in general economic and/or industry specific conditions; (12) actions by third parties, including government agencies; (13) the risks that the anticipated tax treatment of the proposed transaction is not obtained; (14) the risk of greater than expected difficulty in combining the SCBA and Madison businesses; (15) risks related to the disruption of management time from ongoing business operations due to the pendency of the proposed transaction, or other effects of the pendency of the proposed transaction on the relationship of any of the parties to the proposed transaction with their employees, customers, suppliers, or other counterparties; and (16) risk factors detailed from time to time in 3M's reports filed with the Securities and Exchange Commission (the "SEC"), including 3M's annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and other documents filed with the SEC. The foregoing list of important factors is not exclusive. Any forward-looking statements speak only as of the date of this communication. 3M does not undertake, and expressly disclaims, any obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements. About 3M
3M?(NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how?3M?is shaping the future at?3M.com/news. Please note that the company announces material financial, business and operational information using the 3M investor relations website, SEC filings, press releases, public conference calls and webcasts. The company also uses the 3M News Center and social media to communicate with our customers and the public about the company, products and services and other matters. It is possible that the information 3M posts on the News Center and social media could be deemed to be material information. Therefore, the company encourages investors, the media and others interested in 3M to review the information posted on 3M's news center and the social media channels such as @VocalizeMedia Contact
3Mnews@mmm.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/3m-to-create-a-leading-fire-and-safety-business-acquires-madison-fire--rescue-and-combines-with-scott-safety-302718243.htmlSOURCE 3M Company
Original: 3M to create a leading fire and safety business; acquires Madison Fire & Rescue and combines with Scott Safety
US Market News
3月前
Scotch-Brite is shaking up the way Gen Z and Millennial consumers think about everyday cleaning essentialsMarch 5, 2026 4:24 PM
PR Newswire (US)
A vibrant new collection designed to elevate daily routines with style, powerful performance, and genuine delight in cleaning the homeST. PAUL, Minn., March 5, 2026 /PRNewswire/ -- Your cleaning routine is about to get a serious glow-up. Introducing Brite by Scotch-Brite™ – the first collection of its kind shaking up the category with bold, beautiful, and thoughtfully-designed tools that prove everyday essentials don't have to be boring. Available starting March 1 at Target, Walmart, and Amazon.
Scotch-Brite introduces Brite, a vibrant new collection of kitchen cleaning tools designed to elevate daily routines.Home is where daily life happens – where life unfolds and you're authentically you. It's a space that reflects your personality in every detail. Yet the cleaning tools that keep these spaces beautiful have been relegated to hidden corners, tucked into closets and cupboards. Not anymore. Brite by Scotch-Brite is designed to be seen and make cleaning feel effortless, with thoughtfully designed, counter-worthy tools that enhance your space and your cleaning routine."Next-generation consumers aren't just looking for functional products – they want everything in their homes to reflect who they are, including their cleaning tools. This means finding products that deliver powerful results yet are beautiful enough to leave on the counter. The new Brite collection was designed with this in mind – to bring sparks of delight to the everyday and transform even the most mundane tasks," said Katelyn Schulte, senior portfolio innovation manager, Home Care, 3M.Brite by Scotch-Brite™ introduces: Brite by Scotch-Brite™ Scrub & Wipe + Stand
This versatile, dual-sided scrubber is as effective as it is eye-catching with a tough scrubbing side and a plush sudsy side. Store to keep fresh between cleans on the innovative and convenient Drain & Dry Stand.Brite by Scotch-Brite™ Palm Scrubber + Stand
Thoughtful and stylish design meets a comfy, ergonomic grip in this soap-loaded tool. Best for serious scrubbing on large pans and dishes, the Palm Scrubber comes complete with a replaceable scrubbing head and a counter-worthy Drain & Dry Stand.Brite by Scotch-Brite™ Dishwand + Stand
With an easy-to-fill and leak-proof soap dispenser, you can keep your hands clean while cleaning any mess. Perfect for dishes, pots, pans, baking sheets, sinks, stoves, counters, showers, tubs, and more. Includes a convenient Drain & Dry Stand.Brite by Scotch-Brite™ Scrub & Wipe
A versatile, dual-sided sponge featuring a tough scrubbing side for stuck-on messes and a plush, sudsy side for gentle wiping. Non-scratch and safe for all surfaces. Works with the Drain & Dry Stand to stay fresh. Available in two shapes and colors, Midnight Mode & Fuchsia Frenzy.Brite by Scotch-Brite™ Refill & Refresh Replacement Scrubbers
Designed for the Brite by Scotch-Brite Dishwand and Palm Scrubber, these eco-friendly replacement scrubbers extend the life of your tool and keep it looking fresh.Each product is thoughtfully crafted with eye-catching colors and standout design that bring ease, performance and delight to your cleaning routine. The Drain & Dry Stands (available on select products) solve a pain point for consumers who value both functionality and aesthetics – allowing scrubbers to dry properly while keeping counters clean and organized. Brite reimagines what cleaning tools can be – combining powerful performance and great experience with bold, beautiful design. Every detail is intentional – from the colors you see to the performance you feel.Boost it with BriteWhen you choose Brite, you're boosting more than just your clean. These elevated cleaning tools brighten your mood – making everyday tasks feel more rewarding because your cleaning essentials deserve to be as intentional and stylish as the rest of your home. That's what "Boost it with Brite" means: tools that perform powerfully, look beautiful on display, and help you curate a space aligned to your vibe. It's turning the routine into an expression of who you are.Discover BriteMeet Brite across the platforms where you find daily inspiration – connected TV, YouTube, TikTok, Instagram, and streaming audio. Additionally, the "Sparkle Squad," a diverse roster of brand ambassadors, brings Brite to life on social channels, showcasing how it elevates the everyday cleaning experience. From in-store displays to the spaces you scroll, Brite brings the bold, beautiful tools that make cleaning feel less like a chore and more like an expression of who you are.Discover the collection of bold, stylish cleaning tools, and learn more on the Scotch-Brite website, and follow @ScotchBrite on social media.About 3M
3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at 3M.com/news.About 3M Scotch-Brite™
For 65 plus years, the Scotch-Brite™ Brand has been brightening homes and lives with cleaning expertise and innovative solutions that power through tough messes and let you enjoy the feeling of clean. With our ever-expanding line of products, we are a trusted leader in cleaning and a staple in households worldwide. Learn more at Scotch-Brite.com.YouTube: Your Kitchen Deserves a Glow Up | Brite by Scotch-Brite™
View original content to download multimedia:https://www.prnewswire.com/news-releases/scotch-brite-is-shaking-up-the-way-gen-z-and-millennial-consumers-think-about-everyday-cleaning-essentials-302705984.htmlSOURCE 3M Company
Original: Scotch-Brite is shaking up the way Gen Z and Millennial consumers think about everyday cleaning essentials
iHub News
4月前
Nasdaq Slumps To Lowest Closing Level In Over A Month But Dow RisesFebruary 4, 2026 5:03 PM
IH Market News
After weighing on the markets during Tuesday’s session, technology stocks showed another significant move to the downside during trading on Wednesday. The tech-heavy Nasdaq slumped to its lowest closing level in over a month after flirting with its record highs just a week.The Nasdaq ended the day off its lows of the session but still tumbled 350.61 points or 1.5 percent to 22,904.58. The S&P 500 (SPI:SP500) also slid 35.09 points or 0.5 percent to 6,882.72, while the narrower Dow climbed 260.31 points or 0.5 percent to 49,501.30.The advance by the Dow came amid a sharp increase by shares of Amgen (AMGN), as the biotech company spiked by 8.2 percent after reporting better than expected fourth quarter results.3M (NYSE:MMM) and Nike (NYSE:NKE) also surged by more than 5 percent, contributing to the rebound by the blue chip index.Meanwhile, traders continued to rotate out of the tech sector, with semiconductor stocks showing a substantial move to the downside.The Philadelphia Semiconductor Index plunged by 4.4 percent, pulling back further off the record closing high set last Thursday.Advanced Micro Devices (NASDAQ:AMD) helped lead the sector lower, plummeting by 17.3 percent after reporting better than expected fourth quarter results but providing first quarter guidance that disappointed some analysts.Computer hardware and networking stocks also saw considerable weakness, resulting in the steep drop by the Nasdaq.On the other hand, pharmaceutical stocks saw significant strength on the day, driving the NYSE Arca Pharmaceutical Index up by 3.1 percent.Energy, housing and airline stocks also moved notably higher, helping to partly offset the weakness in the tech sector.In U.S. economic news, payroll processor ADP released a report showing private sector employment in the U.S. increased by much less than expected in the month of January.ADP said private sector employment rose by 22,000 jobs in January after climbing by a downwardly revised 37,000 jobs in December.Economists had expected private sector employment to grow by 45,000 jobs compared to the addition of 41,000 jobs originally reported for the previous month.A separate report released by the Institute for Supply Management showed its reading on U.S. service sector activity came in unchanged in the month of January.The ISM said its services PMI came in at 53.8 in January, unchanged from a revised reading in December. A reading above 50 indicates growth in the sector.Economists had expected the services PMI to edge down to 53.5 from the 54.4 originally reported for the previous month.
Other Markets
In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance on Wednesday. Japan’s Nikkei 225 Index decreased by 0.8 percent, while China’s Shanghai Composite Index advanced by 0.9 percent.The major European markets also ended the day mixed. While the German DAX Index fell by 0.5 percent, the U.K.’s FTSE 100 Index climbed by 0.9 percent and the French CAC 40 Index jumped by 1.0 percent.In the bond market, treasuries showed a lack of direction before closing roughly flat for the second straight day. The yield on the benchmark ten-year note, which moves opposite of its price, crept up by less than a basis point to 4.275 percent.
Looking Ahead
Trading on Thursday may be impacted by reaction to earnings news from Alphabet (GOOGL), with the Google parent among the companies releasing their quarterly results after the close of today’s trading.Traders are also likely to keep an eye on the latest U.S. economic data, including reports on job openings and weekly jobless claims.SOURCE: RTTNEWS
Original: Nasdaq Slumps To Lowest Closing Level In Over A Month But Dow Rises
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