Monsanto targets FY16-FY19 ongoing EPS CAGR a baseline in mid-teens For FY17, the company cites the key drivers of anticipated strong ongoing EPS growth as return on innovation, financial discipline, balanced capital allocation and favorable comparisons. Expects restructuring and cost savings initiatives to yield annual savings of $500M by FY18. Expects to manage receivables and inventories within similar percent of net sales as past 3 years to convert earnings to operating cash. Comments taken from slides for Bank of America Merrill Lynch Global Agriculture & Chemicals Conference
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