3M Company Expands New Product Launches Keeping Sales and Profits Rising

3M Company represents a textbook turnaround in an essential global industrial franchise. The underlying business is now compounding value through its proprietary material sciences patents, entrenched distribution channels, and strong pricing power. The Safety and Industrial and Transportation segments are benefiting from secular modernization trends in vehicle electrification, data centre infrastructure, and advanced factory automation.

The stock trades at 19.0 times the company’s forward earnings forecast. That represents an attractive valuation for a blue-chip industrial market leader returning to sustainable growth.

3M COMPANY (New York symbol MMM; www.3m.com) currently makes over 60,000 industrial and consumer items, has a long history of developing hugely successful new products.

The company started in 1902, when it was called the Minnesota Mining & Manufacturing Company. Today, 3M makes more than 55,000 items, including Post-it notes, Scotch tape, Scotch-Brite cleaning products, Scotchgard protection and Thinsulate insulation.

3M aimed to launch over 350 new products in 2026, compared to 284 in 2025. It expects new products will contribute 20% of its total sales in 2027, up from just 11% in 2024.

3M has announced a new deal with Amazon.com Inc. (Nasdaq symbol AMZN) to supply materials to its datacentres. Note—Amazon is a recommendation of Power Growth Investor, our newsletter that focuses on aggressive stocks.

Under the terms of this deal, 3M issued warrants that will let Amazon buy up to 3.16 million shares over seven years at $164.89 a share (for a total of $521.1 million). The warrants are tied to Amazon’s purchases over those seven years, and become fully exercisable when those sales exceed $6 billion.
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3M’s core organic industrial growth accelerates

3M sales in the three months ended September 30, 2026, rose 1.0%, to $6.58 billion from $6.34 billion a year earlier. However, that missed the consensus forecast of $6.59 billion.

If you adjust businesses that 3M bought and sold, as well as currency rates movements, sales improved 3.3% in the latest quarter.

The higher sales are largely due to stronger demand for 3M’s industrial and electronic products from the builders of new artificial intelligence datacentres. That offset weaker demand for its consumer-related products. (3M makes more than 55,000 items, including Post-it notes, Scotch tape, Scotch-Brite cleaning products, Scotchgard protection and Thinsulate insulation.)

Meantime, 3M’s shares trade at a reasonable 19.0 times the company’s forecast 2027 earnings of $9.92 a share. The $3.12 dividend yields 1.7%.

Recommendation in Wall Street Stock Forecaster: 3M Company is a buy for long-term gains.

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Jim Bates

Jim is an associate editor at TSI Network. He is the lead reporter and analyst for The Successful Investor and Wall Street Stock Forecaster and a member of the Investment Planning Committee. Jim has held the Chartered Financial Analyst designation since 1992 and spent more than a decade at the Financial Post DataGroup before joining TSI Network. He has a Bachelor of Commerce degree from the University of Toronto.

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