Heads Up! These 4 Companies Issuing Guidance This Week
3M Co (NYSE: MMM) hosted on Tuesday its annual outlook meeting in New York City. The presentation was led by the company's chairman, president and CEO Inge Thulin and focused on the company's current position and its plans for the coming year.
"Over the last several years we have taken significant actions to strengthen our technology capabilities, improve our portfolio and cost structure, and make us even more relevant to our customers," Thulin said. "Moving into 2017, we are continuing to increase investments in targeted growth opportunities, which will help us deliver another year of efficient growth and strong cash flow. Equally important, our enterprise is well-positioned for long-term success, and we will capitalize as growth conditions improve."
For the full-fiscal year 2017 the company guided to the following:
- Earnings per share of $8.45 to $8.80 — an increase of 4 to 8 percent year-over-year.
- Organic local-currency sales growth of 1 to 3 percent.
- Free cash flow conversion of 95 to 105 percent.
- Investments of $1.8 billion in research and development to support organic growth.
3 Other Companies On Deck
Three other major companies are on deck to host a presentation with the investment community which will similarly focus on its current positioning and outlook for the future:
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