3M: sets medium-term targets
(CercleFinance.com) - Ahead of its Investor Day, 3M provides an adjusted outlook for 2026 and 2027, including "high single-digit" annual EPS growth, and an operating margin of around 25% by 2027.
NB: pmt -0.7%.
Also for the medium term, the industrial conglomerate expects "organic sales growth that will outperform the macroeconomy, and FCF conversion of over 100%.
In addition, 3M has a balanced capital deployment framework focused on investing in the business and returning at least $10bn in cash to shareholders over the forecast period.
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