On a conference call with analysts and investors, 3M (NYSE: MMM) 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 excellence – will enable us to once again grow sales and profits." Today’s conference call will begin at 9:30 a.m. ET (8:30 a.m. CT). Investors can access the conference via the following:
- Live webcast at http://investor.3M.com
- Live telephone:Call 800-762-2596 within the U.S. or +1 212-231-2916 outside the U.S.
- Webcast replay:Go to 3M’s Investor Relations website at http://investor.3M.com and click on “2013 Outlook Conference Call.”
- Telephone replay:Call 800-633-8284 (for both U.S. and outside the U.S.; access code is 21538829).The telephone replay will be available until 10:00 a.m. CT on December 15, 2012.