AcquisitionsJul 21, 2026, 12:12 PM
3M Acquires Madison Fire & Rescue for $1.95B; Q2 EPS $1.78
AI Summary
3M Company reported mixed financial results for Q2 2026, with net sales and diluted EPS increasing for the quarter but net income and EPS declining for the six-month period. The company announced a significant acquisition of Madison Fire & Rescue for $1.95 billion in partnership with Bain Capital, which closed in July 2026. Additionally, 3M completed two divestitures in Q2 2026, including Dyneon GmbH, which resulted in a $324 million pre-tax loss, and continued its transformation program with additional restructuring charges.
Key Highlights
- 3M, with Bain Capital, acquired Madison Fire & Rescue for $1.95 billion in July 2026.
- Q2 2026 net sales increased 2.46% to $6.50 billion from $6.34 billion in Q2 2025.
- Q2 2026 diluted EPS rose 32.84% to $1.78 from $1.34 in Q2 2025.
- Q2 2026 net income attributable to 3M was $933 million, up from $723 million in Q2 2025.
- Divested Dyneon GmbH in Q2 2026, resulting in a $324 million pre-tax loss.
- Safety and Industrial segment net sales increased to $3.09 billion in Q2 2026.
- Transportation and Electronics segment net sales increased to $2.07 billion in Q2 2026.
- Entered a $1.43 billion term loan facility, drawn in July 2026 for the Madison acquisition.
Price Impact
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