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Re: DewDiligence post# 9293

Tuesday, 12/16/2014 11:28:59 AM

Tuesday, December 16, 2014 11:28:59 AM

Post# of 29408
3M issues 2015 guidance and confirms LT financial objectives:

http://www.sec.gov/Archives/edgar/data/66740/000110465914086883/a14-26235_1ex99d2.htm

For 2015, 3M anticipates earnings to be in the range of $8.00 to $8.30 per share with organic local currency sales growth of 3 to 6 percent. [I.e., the 3-6% figure strips out the effect of acquisitions, divestitures, and currency seings.]

…3M [reiterates] its 2013-17 financial objectives:

• Grow earnings per share 9 to 11 percent per year, on average

• Grow organic sales 4 to 6 percent per year, on average

• Achieve return on invested capital of approximately 20 percent

• Convert approximately 100 percent of net income to free cash flow

These announcements accompany an Investor Day webcast today.

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