3M reported a 1.0% year-over-year increase in organic growth.
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The company's Safety & Industrial business unit saw a reversal from 1Q's organic decline.
Monish Patolawala has been with the company since 2020 and was appointed as 3M President last year.
The company's largest segment saw organic sales fall 1.5% in the Americas, though operating profit saw a healthy improvement.
Industrial manufacturing conglomerate 3M appointed outsider William Brown to succeed Michael Roman as CEO in May.
See our full breakdown of 3M's 4Q numbers, which showed that roofing granules were the only industrial category to see decent growth.
It’s the third time in 4 years that 3M has garnered the honor.
Combi is a manufacturer and distributor of end-of-line packaging machiney and spare parts.
One staffing change is in conjunction with the planned spin-off of 3M's Health Care Business, which was announced July 2022.
3Q Industrial & Safety sales fell nearly 5% year-over-year amid mixed end-market demand and distributors right-sizing inventory levels.
Bryan C. Hanson will serve as CEO of the independent health care company when it is spun off from 3M.
The news follows 3M's failed attempt to move the biggest mass tort lawsuit in U.S. history into bankruptcy court to limit its liability.
The SEC found that employees of a 3M subsidiary arranged for Chinese government officials to attend overseas events as a pretext to purchasing product.
The company reduced its total global workforce by 10% this year as 'demand for consumer electronics waned,' Reuters reported.
3M will pay up to settle a lawsuit claiming the chemicals in the firefighting foam provided to them contaminated drinking water.
3M will make facility and equipment improvements to expand its biotech manufacturing capabilities, and add 60 employees in Europe.
3M has terminated long-time exec Michael Vale for "inappropriate personal misconduct" just three weeks after he took on a newly-created post.
The staffing changes come amid restructuring actions for 3M, including laying off 6,000 positions.
The 6,000 impacted positions are in addition to the downsizing of 2,500 global manufacturing roles that 3M announced in January.
The PPE supplies and adhesives maker experienced slower-than-expected fourth-quarter growth in consumer-facing markets.
