• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Printed Electronics
    • Raw Materials
    • Equipment
    • Services
    • Suppliers Guide
    • Resources
    • More
  • Magazine
  • News
  • Printed Electronics
  • Raw Materials
  • Equipment
  • Services
  • Suppliers Guide
  • Resources
  • Current & Past Issues
    Features
    Editorials
    Digital Edition
    Subscribe Now
    Advertise Now
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Breaking News
    Experts Opinion
    Financial News
    Manufacturers News
    Mergers and Acquisitions
    Online Exclusives
    Personnel
    Product Releases
    Suppliers News
    Live From Shows
    Displays and Lighting
    Photovoltaics
    Printed Batteries
    Printed Circuit Boards/Membrane Switches/In Mold Electronics
    Flexible and Printed Electronics
    RFID and NFC
    Sensors and Wearables
    Smart Cards and Packaging
    Touch Screens
    Adhesives, Barriers and Encapsulants
    Chemicals, Metals and Powders
    Conductive Inks and Coatings
    Electronic Materials
    Film, Paper, Glass and Substrates
    Graphene, Perovskites and Carbon Nanotubes
    Nanomaterials
    Printed Electronic Components
    Research Reports
    Semiconductors and Quantum Dots
    Energy Curing Equipment
    Lab and Testing Equipment
    Manufacturing Equipment
    Printing Equipment
    3D Printing
    Contract Manufacturing Services
    Product Design and Testing
    Research and Consulting
    Research Institutions
    Research Reports
    Universities
    Equipment
    All Companies
    Materials
    Categories
    Converting
    Printed Electronics Systems
    Associations
    Research and Services
    Used Machinery
    Add New Company
    Industry Events
    Live from show events
    Podcasts
    Videos
    Blogs
    Slideshows
    Infographics
    Webinars
    Whitepapers
    Equipment and Services
    Glossary
    • Magazine
      • Current & Past Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Suppliers Guide
      • Add Your Company
      • Suppliers Guide
    • Printed Electronics
      • Photovoltaics
      • Printed Batteries
      • Printed Circuit Boards/Membrane Switches/In Mold Electronics
      • Flexible and Printed Electronics
      • RFID and NFC
      • Sensors and Wearables
      • Smart Cards and Packaging
      • Touch Screens
    • Raw Materials
      • Adhesives, Barriers and Encapsulants
      • Chemicals, Metals and Powders
      • Conductive Inks and Coatings
      • Electronic Materials
      • Film, Paper, Glass and Substrates
      • Graphene, Perovskites and Carbon Nanotubes
      • Nanomaterials
      • Semiconductors and Quantum Dots
    • Equipment
      • Energy Curing Equipment
      • Lab and Testing Equipment
      • Manufacturing Equipment
      • Printing Equipment
      • 3D Printing
    • Services
      • Contract Manufacturing Services
      • Product Design and Testing
      • Research and Consulting
      • Research Institutions
      • Research Reports
      • Universities
    • Online Exclusives
    • Slideshows
    • Blog
    • Videos
    • Podcasts
    • Infographics
    • Events
      • Industry Events
      • Live from show events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    3M Reports First-Quarter 2020 Results

    Had sales of $8.1 billion, up 2.7% year-on-year, and operating cash flow of $1.2 billion, up 16% year-on-year.

    3M Reports First-Quarter 2020 Results
    Related CONTENT
    • 3M Reports Sales Information for Month of November 2020
    • 3M to Advance Operating Model, Improve Cost Structure, and Accelerate Innovation
    • Flex Appoints Dr. Todd M. Fruchterman as President, Reliability Solutions Segment
    • 3M Finds Trust in Science Soars Amid Global Pandemic
    • 3M Reports Sales Information for August 2020
    04.30.20
    3M reported first-quarter 2020 results. Sales were up 2.7% year-on-year to $8.1 billion. Organic local-currency sales grew 0.3% while acquisitions, net of divestitures, increased sales by 4.2%. Foreign currency translation reduced sales by 1.8% year-on-year.

    The company’s operating cash flow was $1.2 billion with adjusted free cash flow of $0.9 billion contributing to adjusted free cash flow conversion of 74%.

    “In this unprecedented time, I could not be more proud of how our 96,000 people have stepped up to help fight COVID-19, and I thank all 3Mers for their incredible efforts,” said Mike Roman, 3M chairman and CEO. “We are attacking the pandemic from all angles, which includes mobilizing all of our resources and rapidly increasing output of critical supplies to healthcare workers and first responders.

    “Given the breadth and diversity of our businesses, the financial impact of COVID-19 is varying across 3M,” Roman continued. “In the first quarter we saw strong growth in personal safety, as well as in other areas of our portfolio experiencing high demand due to the pandemic. At the same time, we experienced weak demand in several end markets that were more severely impacted by actions taken around the world to slow the pandemic. Looking ahead, 3M is taking action that will help us navigate near-term uncertainty, generate strong cash flow, and lead out of the slowdown by delivering for employees, customers and shareholders.”

    COVID-19 Response and Business Impact
    3M has been aggressively responding to the COVID-19 pandemic given its critical role as a provider of personal protective equipment in the U.S. and across the world. Since the beginning of the year, 3M has accelerated global respirator output to 100 million/month (U.S. ~35 million/month), increasing capital investment to double respirator output again and uniting with governments and distribution partners to expedite products to healthcare workers. 3M has not increased respirator prices as a result of the pandemic.

    Due to the evolving and uncertain impact of the COVID-19 pandemic, 3M currently is not able to estimate the full duration, magnitude and pace of recovery across its diverse end markets with reasonable accuracy. Therefore, 3M believes it is prudent to withdraw its previously communicated full-year 2020 outlook, which was provided on Jan. 28, 2020. The company will begin reporting monthly sales information starting in May to provide transparency on 3M’s ongoing business performance.
    Suggested For You
    3M Reports Sales Information for Month of November 2020 3M Reports Sales Information for Month of November 2020
    3M to Advance Operating Model, Improve Cost Structure, and Accelerate Innovation 3M to Advance Operating Model, Improve Cost Structure, and Accelerate Innovation
    Flex Appoints Dr. Todd M. Fruchterman as President, Reliability Solutions Segment Flex Appoints Dr. Todd M. Fruchterman as President, Reliability Solutions Segment
    3M Finds Trust in Science Soars Amid Global Pandemic 3M Finds Trust in Science Soars Amid Global Pandemic
    3M Reports Sales Information for August 2020 3M Reports Sales Information for August 2020
    Around the World with 3M Volunteers Around the World with 3M Volunteers
    3M, Mitsubishi Paper Mills Complete Patent License Agreement for 3M’s Metal Mesh Technology 3M, Mitsubishi Paper Mills Complete Patent License Agreement for 3M’s Metal Mesh Technology
    3M Announces New Leadership Appointment 3M Announces New Leadership Appointment
    3M Reports 2Q 2020 Results 3M Reports 2Q 2020 Results
    3M Reports Sales Information for April 2020 3M Reports Sales Information for April 2020

    Related Breaking News

    • Breaking News | Semiconductors and Quantum Dots
      Ambiq Wins IoT Semiconductor Company of the Year Award

      Ambiq Wins IoT Semiconductor Company of the Year Award

      Ambiq believes that innovation is essential to the advancement of human society.
      Printed Electronics Now staff 01.22.21

    • Breaking News | Displays and Lighting | Flexible and Printed Electronics | Personnel | Suppliers News
      Ynvisible Names Michael Robinson CEO, Jani-Mikael Kuusisto SVP Ventures

      Ynvisible Names Michael Robinson CEO, Jani-Mikael Kuusisto SVP Ventures

      Ynvisible is focusing on speed to market for customer products and sustainable financial growth.
      David Savastano, Editor 01.22.21

    • Breaking News | Photovoltaics | Research Institutions
      IHSMarkit Reports Top Clean-Tech Trends for 2021

      IHSMarkit Reports Top Clean-Tech Trends for 2021

      Solar surges by 30%, 10 GW milestone for offshore wind among highlights.
      David Savastano, Editor 01.22.21


    • Breaking News | RFID and NFC
      Roadsimple Modernizes Warehouse Ops with Zebra Technologies

      Roadsimple Modernizes Warehouse Ops with Zebra Technologies

      Roadsimple 'transformed our warehouse from a manual-based operation using pen and paper to a truly modernized one,' said Hao Fang, IT director.
      Printed Electronics Now staff 01.22.21

    • Breaking News | Sensors and Wearables
      Emerson Receives 2021 IoT Breakthrough Award for Analytics Platform of the Year

      Emerson Receives 2021 IoT Breakthrough Award for Analytics Platform of the Year

      Real-time data and analytics are key drivers for optimizing operational performance, asset health and plant safety.
      Printed Electronics Now Staff 01.21.21

    • Breaking News | Graphene, Perovskites and Carbon Nanotubes | Research Institutions
      Graphene Flagship Launches Redesigned Website

      Graphene Flagship Launches Redesigned Website

      Site features completely redesigned aesthetic, with emphasis on easy-to-access informative content presented in a simple, clean and visually appealing way.
      Printed Electronics Now staff 01.20.21


    • Breaking News | Flexible and Printed Electronics | Research Institutions | Sensors and Wearables
      TNO at Holst Centre Develops Cuddle Vest

      TNO at Holst Centre Develops Cuddle Vest

      Connected cuddle vest with printed electronics can give hugs from a distance.
      Printed Electronics Now staff 01.19.21

    • Breaking News | Flexible and Printed Electronics | Semiconductors and Quantum Dots
      Annual Outlooks at Virtual ISS 2021 Point to Global Economic, Chip Industry Growth

      Annual Outlooks at Virtual ISS 2021 Point to Global Economic, Chip Industry Growth

      Semiconductor industry to grow to $1 trillion in chip sales in the early 2030s, speakers at the Virtual SEMI Industry Strategy Symposium revealed.
      Printed Electronics Now staff 01.19.21

    • Breaking News | Sensors and Wearables
      InnovationLab, Bitquadrat Launch Smart Mattress Cover for Patient Monitoring

      InnovationLab, Bitquadrat Launch Smart Mattress Cover for Patient Monitoring

      Integration of printed pressure sensors and healthcare software enables dramatic risk-reduction in dangerous pressure ulcers.
      Printed Electronics Now staff 01.19.21


    • Breaking News | Research Institutions | Semiconductors and Quantum Dots
      imec: Novel Approach for Improving Gate-stack Reliability

      imec: Novel Approach for Improving Gate-stack Reliability

      Atomic hydrogen treatment to improve NBTI reliability in low-thermal-budget process flows.
      Printed Electronics Now staff 01.19.21

    • Breaking News | Contract Manufacturing/Printing | Flexible and Printed Electronics | Smart Cards and Packaging
      Jones Healthcare Group Operating Through Ontario’s New COVID-19 Restrictions

      Jones Healthcare Group Operating Through Ontario’s New COVID-19 Restrictions

      Operations 'remain in full compliance with mandates and recommendations from official health organizations and the government.'
      Printed Electronics Now staff 01.18.21

    • Breaking News | Displays and Lighting
      JOLED, LG Collaborate on Display for Creative Professionals

      JOLED, LG Collaborate on Display for Creative Professionals

      LG launching premium 32-inch monitor LG UltraFine Display OLED Pro.
      Printed Electronics Now staff 01.18.21


    • Breaking News | Semiconductors and Quantum Dots
      SOI Industry Consortium Joins SEMI as Strategic Association Partner

      SOI Industry Consortium Joins SEMI as Strategic Association Partner

      Industry organization representing the complete SOI-based microelectronics value chain.
      Printed Electronics Now staff 01.18.21

    • Breaking News | Contract Manufacturing/Printing | Manufacturers News
      Toppan Announces 2050 Environmental Vision

      Toppan Announces 2050 Environmental Vision

      Commitment to target zero waste emission and virtually zero greenhouse gas emissions in 2050.
      Printed Electronics Now staff 01.18.21

    • Breaking News | RFID and NFC
      Farmacorp Selects Zebra Technologies, Reflexis Systems to Modernize On-site Store Audits

      Farmacorp Selects Zebra Technologies, Reflexis Systems to Modernize On-site Store Audits

      Bolivian pharmacy chain leverages mobile store inspections across 100+ stores.
      Printed Electronics Now staff 01.15.21

    Trending
    • CCL Industries Appoints John Dargan President For Checkpoint
    • InnovationLab, Bitquadrat Launch Smart Mattress Cover For Patient Monitoring
    • GVR: Global 3D Printing Market Size Was $11.58 Billion In 2019
    • TNO At Holst Centre Develops Cuddle Vest
    • Ynvisible Names Michael Robinson CEO, Jani-Mikael Kuusisto SVP Ventures
    Breaking News
    • Ambiq Wins IoT Semiconductor Company of the Year Award
    • Ynvisible Names Michael Robinson CEO, Jani-Mikael Kuusisto SVP Ventures
    • IHSMarkit Reports Top Clean-Tech Trends for 2021
    • Roadsimple Modernizes Warehouse Ops with Zebra Technologies
    • Emerson Receives 2021 IoT Breakthrough Award for Analytics Platform of the Year
    View Breaking News >
    CURRENT ISSUE

    Fall 2020

    • Flexible Electronics Is Proving to Be Ideal for Healthcare
    • COVID-19 and the Printed Electronics Industry
    • Smart Packaging Looks to Move Forward
    • Electronic & Conductive Ink Conference Showcases Future of Ink Technology
    • Printed Electronics Now’s International Suppliers’ Directory
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    NIH Study Compares Low-Fat, Plant-based to Low-Carb, Animal-Based Diet
    Gadot Positions Mineral Line for Vegan Market
    Nutritfy India to Launch Global Broadcast Channel Covering Nutrition
    Coatings World

    Latest Breaking News From Coatings World

    LINE-X Launches Dealer Program with International Truck
    PPG Reports Q4, Full-year 2020 Financial Results
    BASF Begins Implementing Ralignment of Global Business Services Unit
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Cretex Companies CEO Steps Down
    Data Show Porex's Medical Device Filtration Materials Protect Against Virus, Bacteria Spread
    Endoscopic Hemostasis Devices Market Valued at $730 Million
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Pfizer, BioNTech Enter Vax Pact with COVAX
    FDA Approves Janssen’s CABENUVA
    AGC Biologics Appoints Boulder Site GM
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Coty Appoints Chief Procurement Officer
    Lageen Tubes Launches Mono-Material PE Tube Solutions
    Jason Jones Loses Battle with Covid-19
    Happi

    Latest Breaking News From Happi

    Carol’s Daughter Adds New Hair Products
    Moroccan Gold Series Launches NuDo Shampoo
    Youbody Debuts Waterless Body Wash
    Ink World

    Latest Breaking News From Ink World

    BOBST Demonstrates Future of Flexible Packaging Production at Virtual Open House
    Morancé Soudure France Adds Comexi F2 MC 10-color Flexo Press
    AR Packaging Acquiring Firstan Holdings Ltd
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Gallus planning virtual event for March
    Lemu Group engineers mask-making machine
    Niagara Label upgrades with Nilpeter flexo press
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Freudenberg to Establish Apparel Interlining Competence Centers
    Minet Adds Spunlace Line in Romania
    Lemu Group Engineers Mask-Making Machine
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Cretex Companies CEO Steps Down
    Conformis Enters Development & Supply Agreement with SITES Medical
    Sectra, RSA Biomedical Sign Distribution Agreement for Implant Stability Tool
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award
    Ambiq Wins IoT Semiconductor Company of the Year Award
    Ynvisible Names Michael Robinson CEO, Jani-Mikael Kuusisto SVP Ventures

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login