3M

3M Reports Third Quarter 2023 Results; Company Increases Full Year Adjusted Earnings and Cash Flow Expectations

Retrieved on: 
Tuesday, October 24, 2023
3M, Finance, GAAP, H-2A visa, PFAS, EDT, CDT, Music

"We are building momentum through strong operational execution. In the third quarter 3M again delivered for our customers in an uncertain environment, positioning us for a solid close to 2023. Our actions led to underlying earnings ahead of our expectations, as well as better than expected margins and cash flow," said 3M chairman and CEO Mike Roman. "Our results reflect continued execution of our priorities -- driving operational performance, spinning off Health Care, and reducing risk and uncertainty. Our strengths in material science innovation align with global trends in high-growth markets and sustainability, enabling us to develop indispensable products in attractive areas such as automotive electrification, climate technology, and industrial automation."

Key Points: 
  • Adjusted sales of $8.0 billion, down 3.0 percent year-on-year with adjusted organic sales decline of 3.1 percent year-on-year.
  • Operating cash flow of $1.9 billion, up 25 percent year-on-year; adjusted free cash flow of $1.9 billion, up 39 percent year-on-year.
  • As a result of 3M's year-to-date performance and the continued strong operational execution, the company is raising its full-year 2023 adjusted EPS2 and adjusted free cash flow conversion2 expectations.
  • Adjusted operating cash flow2 is estimated in the range of $6.5 to $6.9 billion, contributing to 100 to 110 percent adjusted free cash flow conversion2.

United States Medical Tapes & Wraps Market Insights Report 2023-2028 Featuring Key Vendors - Medline Industries, Johnson & Johnson, 3M Co., Cardinal Health, and Essity - ResearchAndMarkets.com

Retrieved on: 
Friday, October 20, 2023
Medical Supplies, Health, Ulcer, Cardinal Health, 3M, Prevalence, Conditional sentence, Essity, Diabetes, Medline Industries, Hospital, Accident, Cancer, Johnson & Johnson, Pharmaceutical industry

The US medical tapes & wraps market is the focus of a new study, which examines the market dynamics from 2023 to 2028.

Key Points: 
  • The US medical tapes & wraps market is the focus of a new study, which examines the market dynamics from 2023 to 2028.
  • Key players in the US medical tapes & wraps market include Medline Industries, Johnson & Johnson, 3M Co., Cardinal Health, and Essity AB.
  • The report offers comprehensive market size and forecast data for the US medical tapes & wraps market, encompassing revenue generated from product sales.
  • It presents a current and detailed market scenario, covering market size, anticipated forecasts, relevant market segments, and industry trends.

Personal Protective Equipment Market worth $69.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, October 19, 2023
Honeywell, Safety (gridiron football position), Ansell, Food, Workforce, Polymer, PPE, Personal protective equipment, DuPont, Kimberly-Clark, 3M, Mask, Growth, Transport, Risk, Safety, Hand, Video game

Hand & arm protection has attracted attention as a prospective type in the personal protective equipment market for several reasons.

Key Points: 
  • Hand & arm protection has attracted attention as a prospective type in the personal protective equipment market for several reasons.
  • "Manufacturing segment is estimated to be the largest end-use industry in personal protective equipment market in 2022, in terms of value."
  • "North America was the largest region for the personal protective equipment market in 2022, in terms of value."
  • The expansion of the personal protective equipment market in the North America region is primarily due to strict regulations regarding workplace safety.

Personal Protective Equipment Market worth $69.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, October 19, 2023
Honeywell, Safety (gridiron football position), Ansell, Food, Workforce, Polymer, PPE, Personal protective equipment, DuPont, Kimberly-Clark, 3M, Mask, Growth, Transport, Risk, Safety, Hand, Video game

Hand & arm protection has attracted attention as a prospective type in the personal protective equipment market for several reasons.

Key Points: 
  • Hand & arm protection has attracted attention as a prospective type in the personal protective equipment market for several reasons.
  • "Manufacturing segment is estimated to be the largest end-use industry in personal protective equipment market in 2022, in terms of value."
  • "North America was the largest region for the personal protective equipment market in 2022, in terms of value."
  • The expansion of the personal protective equipment market in the North America region is primarily due to strict regulations regarding workplace safety.

MediWound Announces Collaboration with 3M on EscharEx® Phase III Study

Retrieved on: 
Wednesday, October 11, 2023
3M, Mouth ulcer, Safety, Wound healing, Debridement, Lite, VLU, Patient, Pharmaceutical industry

3M Health Care will provide its market leading two-layer compression systems Coban™ 2 and Coban™ 2 Lite to be used during the debridement and wound healing phases of the EscharEx Phase III study.

Key Points: 
  • 3M Health Care will provide its market leading two-layer compression systems Coban™ 2 and Coban™ 2 Lite to be used during the debridement and wound healing phases of the EscharEx Phase III study.
  • "In our pursuit of excellence, one primary aim is to ensure consistency across subjects while delivering optimal care throughout the study.
  • 3M Health Care's Coban™ compression systems stand out as global market leaders, and we're pleased to designate them as the standard for our Phase 3 study," commented Ofer Gonen, Chief Executive Officer of MediWound.
  • "We are excited to partner with MediWound on this pivotal Phase III study.

Lithium Silicon Battery Market size to increase by USD 86.46 million between 2022 to 2027 | Samsung SDI Co., 3M Co., Paraclete Energy Inc., are among prominent companies in the market - Technavio

Retrieved on: 
Monday, October 16, 2023
Lithium, Silicon, 3M, USD, EVS, Midway Manufacturing Co. v. Artic International, Inc., Electronics, MAI Systems Corp. v. Peak Computer, Inc., Growth, LG Chem, High, HEV

The lithium silicon battery market is fragmented due to the presence of many global and regional players.

Key Points: 
  • The lithium silicon battery market is fragmented due to the presence of many global and regional players.
  • The global off-grid lithium silicon battery market is expected to grow rapidly during the forecast period due to the High demand from consumer electronics.
  • Lithium Silicon Battery Market 2023-2027: Geographical Analysis
    North America is projected to play a substantial role, contributing around 34% to the overall global market growth.
  • Several key elements are notably fueling the growth of the lithium silicon battery market in North America.

Global Specialty Printing Consumables Market Set to Reach $53.3 Billion by 2030, Fueled by Digital Printing and Packaging - ResearchAndMarkets.com

Retrieved on: 
Monday, October 9, 2023
Technology, Retail, Food Tech, Food, Beverage, Pressure, Altana, 3M, Climate change, Mimeo, Inc, Government, GDP, Specialty, Growth, Policy, Toner, Speciality chemicals, Tourism

The "Specialty Printing Consumables - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Specialty Printing Consumables - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
  • Among the segments analyzed in the report, Toners are expected to record a 4.5% CAGR, reaching a market size of US$19 billion by the end of the analysis period.
  • The Specialty Substrates segment is also showing promise with an estimated 5% CAGR for the next 8-year period.
  • U.S. Market Estimated at $10.7 Billion, China Forecasted to Grow at 5.5% CAGR
    In the U.S., the Specialty Printing Consumables market is estimated at US$10.7 billion in 2022.

Transportation Management Systems (TMS) Market to grow by USD 3.70 billion between 2022 - 2027, Growth driven by increasing number of smart-connected devices - Technavio

Retrieved on: 
Saturday, October 14, 2023
Cloud, TMS, Certification, Key (company), 3M, Transportation management system, Women In Trucking Association, Inc, Uber Technologies Inc v Heller, Internet, M2H, Transport, Organization, SAP, Koch Industries, Trimble Inc., M2M, SAP SE, ISO, Oracle Corporation, SE, Growth, Maintenance, Carriageway, ISO 9001:2015, Privacy, QAD Inc., Airline, Online shopping, Geography, Airway

The potential growth difference for the transportation management systems (TMS) market between 2022 and 2027 is USD 3.70 billion.

Key Points: 
  • The potential growth difference for the transportation management systems (TMS) market between 2022 and 2027 is USD 3.70 billion.
  • The increasing number of smart-connected devices is notably driving the transportation management systems market growth.
  • The number of smart connected devices is increasing worldwide, and the total number of smart devices installed is also growing.
  • Furthermore, it becomes difficult for organizations to manage, monitor, and maintain data, as the number of devices is increasing.

Industrial Films Market worth $55.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, October 13, 2023
Food, Construction, 3M, Rain, Agriculture, Ultimate tensile strength, USD, Eastman Chemical Company, Growth, Snow, LLDPE, RKW, Water, Toray Industries

The LLDPE film type led the industrial films market in 2022, accounting for a share of 33.5% in terms of value.

Key Points: 
  • The LLDPE film type led the industrial films market in 2022, accounting for a share of 33.5% in terms of value.
  • In 2022, the agriculture industry led the demand for industrial films, accounting for a share of 26.3% of the overall market in terms of value.
  • The industrial films market size in Asia Pacific was USD 17.1 billion in 2022 and is projected to reach USD 24.0 billion by 2028, marking a CAGR of 5.82% during the forecast period.
  • Product launches and mergers & acquisitions are the key strategies adopted by the industry players to achieve growth in the industrial films market.

Industrial Films Market worth $55.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, October 13, 2023
Food, Construction, 3M, Rain, Agriculture, Ultimate tensile strength, USD, Eastman Chemical Company, Growth, Snow, LLDPE, RKW, Water, Toray Industries

The LLDPE film type led the industrial films market in 2022, accounting for a share of 33.5% in terms of value.

Key Points: 
  • The LLDPE film type led the industrial films market in 2022, accounting for a share of 33.5% in terms of value.
  • In 2022, the agriculture industry led the demand for industrial films, accounting for a share of 26.3% of the overall market in terms of value.
  • The industrial films market size in Asia Pacific was USD 17.1 billion in 2022 and is projected to reach USD 24.0 billion by 2028, marking a CAGR of 5.82% during the forecast period.
  • Product launches and mergers & acquisitions are the key strategies adopted by the industry players to achieve growth in the industrial films market.