3M Affirms 2012 EPS EPS Target of $6.27-$6.35/Share

On a conference call with analysts and investors, 3M

today will affirm its 2012 earnings-per-share target of $6.27 to $6.35 and provide a roadmap for the company's 2013 performance expectations. 3M anticipates 2013 earnings to be in the range of $6.70 to $6.95 per share with organic local-currency sales growth of 2 to 5 percent for the year. The company expects that free cash flow conversion will be in the range of 90 to 100 percent. "I look forward to another strong year for 3M,” said Inge G. Thulin, 3M chairman, president and chief executive officer. "Our unique combination of technology, manufacturing prowess and global capability – along with inherent operational