At a meeting with investors and analysts at the company’s global headquarters, Inge G. Thulin, 3M’s chairman, president and CEO, will introduce new five-year financial objectives and describe how the company is positioned to deliver consistently strong performance in 2016 and beyond.

3M’s new five-year financial objectives – covering 2016 through 2020 – are:
• 8% to 11% growth in earnings per share.
• 2% to 5% organic local currency sales growth.
• 20% return on invested capital.
• 100% free cash flow conversion.

“These objectives reflect our confidence in driving efficient growth – that is, strong, sustainable growth and premium returns – well into the future,” said Thulin. “Going forward, we remain focused on controlling the controllable, investing for the long term, and leveraging our scientific capabilities to create even greater value for our customers and shareholders.”

The company also will discuss plans to further strengthen and streamline its supply chain, as well as an elevated focus on lean six sigma to improve customer service, drive operational efficiencies and increase cash flow.

The company also highlighted its newly opened state-of-the-art research and development facility – The 3M Carlton Science Center – which will house multiple 3M businesses and up to 700 scientists to foster innovation and cross-collaboration between businesses and with customers.

3M also reaffirmed its 2016 full-year performance expectations. The company expects 2016 earnings to be in the range of $8.10 to $8.45 per share with organic local-currency sales growth of 1 to 3%. 3M also expects free cash flow conversion to be in the range of 95 to 105%.