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3M Worldwide (MMM) CEO: 3M's Future Brighter Than Ever


10/19/2005 5:10:23 PM

ST. PAUL, Minn.--(BUSINESS WIRE)--May 10, 2005--3M today reaffirmed its 2005 earnings guidance and discussed the actions it is taking to "sustain solid, profitable growth both in the short term and in the long term." Addressing more than 3,000 shareholders at the company's Annual Meeting of Stockholders in St. Paul, Minn., W. James McNerney, Jr., chairman of the board and CEO, noted that "by any measure, 2004 was a tremendous year for 3M," with sales and earnings both reaching all-time highs. Revenues increased 9.8 percent to $20.0 billion and net income rose 24.4 percent to $3.0 billion.

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