- Highlights innovation and commercial excellence initiatives
that will accelerate sales growth to outperform macro
- Outlines operational excellence strategies to drive margin
expansion, earnings growth, and strong free cash flow
- Provides balanced capital deployment framework focused on
investing in the business and returning at least $10 billion in cash to shareholders over the
outlook period
ST.
PAUL, Minn., Feb. 26,
2025 /PRNewswire/ -- 3M
(NYSE: MMM) will host its 2025 Investor Day today in St. Paul, Minnesota, beginning at 8 a.m. CST. During the event, 3M will provide its medium-term financial
outlook, and leadership will discuss priorities that will deliver
sustainable value creation.
"3M is an iconic company with an
unmatched spirit of innovation," said William Brown, 3M
Chief Executive Officer. "Today we are reiterating our 2025
guidance and sharing our medium-term outlook, which builds upon our
foundational strengths and provides a clear path to reinvigorate
top line growth and drive operational performance. I am confident
that our new performance-based culture and 3M eXcellence operating system allow us to
capitalize on opportunities to deliver value for customers and
shareholders."
Medium-Term Financial Outlook
3M reiterates its 2025 guidance
and provides the following 2026 and 2027 adjusted outlook:
- Organic sales growth that will outperform macro.
- Operating margin of ~25% by 2027.
- High-single digit EPS growth annually.
- Greater than 100% free cash flow conversion.
Conference Call
Today's meeting will be webcast live beginning at 8:00 a.m. CST and is scheduled to end at
noon CST. Investors can access this
meeting via the following:
- Live webcast at https://investors.3M.com
- Webcast replay at
https://investors.3m.com/news-events/events-presentations
Presentation materials will be available on the Investor
Relations website at the start of the event.
Supplemental Financial Information Non-GAAP Measures
View the Supplemental Financial Information on 3M's website:
https://investors.3m.com/
Forward-Looking Statements
This news release contains
forward-looking statements. You can identify these statements by
the use of words such as "plan," "expect," "aim," "believe,"
"project," "target," "anticipate," "intend," "estimate," "will,"
"should," "could," "would," "forecast," "future," "outlook,"
"guidance" and other words and terms of similar meaning.
Forward-looking statements are based on certain assumptions and
expectations of future events and trends that are subject to risks
and uncertainties. Actual future results and trends may differ
materially from historical results or those reflected in any such
forward-looking statements depending on a variety of factors. Among
the factors that could cause actual results to differ materially
are the following: (1worldwide economic, political, regulatory,
international trade, geopolitical, capital markets and other
external conditions and other factors beyond the Company's control,
including inflation; recession; military conflicts; trade
restrictions such as sanctions, tariffs, and retaliatory measures;
regulatory requirements, legal actions, or enforcement; and natural
and other disasters or climate change affecting the operations of
the Company or its customers and suppliers; (2) foreign currency
exchange rates and fluctuations in those rates; (3) liabilities and
the outcome of contingencies related to certain fluorochemicals
known as "PFAS," including liabilities related to claims, lawsuits,
and government regulatory proceedings concerning various
PFAS-related products and chemistries, as well as risks related to
the Company's plans to exit PFAS manufacturing and work to
discontinue use of PFAS across its product portfolio; (4) risks
related to the class-action settlement to resolve claims by public
water suppliers in the United
States regarding PFAS; (5) legal proceedings, including
significant developments that could occur in the legal and
regulatory proceedings described in the Company's reports on Form
10-K, 10-Q, and 8-K; (6) competitive conditions and customer
preferences; (7) the timing and market acceptance of new product
and service offerings; (8) the availability and cost of purchased
components, compounds, raw materials and energy due to shortages,
increased demand and wages, supply chain interruptions, or natural
or other disasters; (9) unanticipated problems or delays with the
phased implementation of a global enterprise resource planning
system, or security breaches and other disruptions to the Company's
information or operational technology infrastructure; (10) the
impact of acquisitions, strategic alliances, divestitures, and
other strategic events resulting from portfolio management actions
and other evolving business strategies; (11) operational execution,
including the extent to which the Company can realize the benefits
of planned productivity improvements, as well as the impact of
organizational restructuring activities; (12) financial market
risks that may affect the Company's funding obligations under
defined benefit pension and postretirement plans; (13) the
Company's credit ratings and its cost of capital; (14) tax-related
external conditions, including changes in tax rates, laws, or
regulations; (15) matters relating to the spin-off of the Company's
Health Care business, including the risk that the expected benefits
will not be realized; the risk that the costs or dis-synergies will
exceed the anticipated amounts; potential impacts on the Company's
relationships with its customers, suppliers, employees, regulators
and other counterparties; the ability to realize the desired tax
treatment; the risk that any consents or approvals required will
not be obtained; risks under the agreements and obligations entered
into in connection with the spin-off; and (16) matters relating to
Combat Arms Earplugs ("CAE") and related products, including those
related to the August 2023 settlement
that is intended to resolve, to the fullest extent possible, all
litigation and alleged claims involving the CAE sold
or manufactured by the Company's subsidiary Aearo Technologies and
certain of its affiliates and/or 3M.
A further description of these factors is located in the Reports
under "Cautionary Note Concerning Factors That May Affect Future
Results" and "Risk Factors" in Part I, Items 1 and 1A (Annual
Report) and in Part I, Item 2 and Part II, Item 1A (Quarterly
Reports). Changes in such assumptions or factors could produce
significantly different results. The Company assumes no obligation
to update any forward-looking statements discussed herein as a
result of new information or future events or developments.
About 3M
3M (NYSE: MMM) believes science
helps create a brighter world for everyone. By unlocking the power
of people, ideas and science to reimagine what's possible, our
global team uniquely addresses the opportunities and challenges of
our customers, communities, and planet. Learn how we're working to
improve lives and make what's next at 3M.com/news.
Please note that the company announces material financial,
business and operational information using the 3M investor relations website, SEC filings, press
releases, public conference calls and webcasts. The company also
uses the 3M News Center and social
media to communicate with our customers and the public about the
company, products and services and other matters. It is possible
that the information 3M posts on the
News Center and social media could be deemed to be material
information. Therefore, the company encourages investors, the media
and others interested in 3M to review
the information posted on 3M's news center and the social media
channels such as @3M or @3MNews.
3M Contacts
Investor Contacts:
Diane Farrow, 612-202-2449
or
Eric Herron, 651-233-0043
Media Contact:
Sean Lynch, slynch2@mmm.com
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SOURCE 3M Company
