3M Co (NYSE:MMM)

$ 98.93 1.6 (1.64%) Market Cap: 54.74 Bil Enterprise Value: 65.93 Bil PE Ratio: 0 PB Ratio: 11.25 GF Score: 72/100

3M Co at Citi Global Industrials Conference Transcript

Feb 19, 2020 / 02:30PM GMT

Release Date Price: $133.22 (+0.29%)

Transcript

Andrew Alec Kaplowitz

Citigroup Inc, Research Division - MD and U.S. Industrial Sector Head

We are really excited to have 3M with us today, Mike Roman. Mike became the CEO of 3M in July 2018. He was the COO for 1 year. He's held several other key leadership roles at the company. We're really excited to have him. We also have Bruce Jermeland, who is the Vice President of Investor Relations.

So I think I'm going to turn it over to you, Mike, for a couple of prepared remarks and then we're going to go right into Q&A.

Michael F. Roman

3M Company - CEO, President & Chairman

Yes. Maybe I'll just frame it up. We've come into 2020 looking at a return to growth, organic local currency growth for us, coming out of some challenged end markets in 2019 and leverage that to strong EPS growth this year and continued strong ROIC, free cash flow, something that we focused on in 2019 as we were challenged with some slow end markets, automotive and electronics in China. We delivered a record $5.4 billion in cash flow, really reflecting that focus. And so that

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