Replies to post #9293 on The Rising Influence of Rising Affluence

[DewDiligence]

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.

[oldberkeley]

OT: For a while I lived in Minnesota where owning 3M is a given. In the 70's & 80's, 3 or 4 splits-ago, I had an insane amount. I did well with it, of course, and then in my infinite wisdom decided to sell because it was boring and wasn't really going anywhere. :-)