3M Sees FY 2011 EPS of $5.90 to $6.10

3M MMM provided its 2011 sales and earnings outlook. The company anticipates sales of $29 billion to $30.5 billion, with organic sales volumes growing 5.5 to 7.5 percent, currency effects adding 1 to 2 percent and acquisitions adding 4 to 6 percent to sales for the year. 3M also expects that 2011 earnings will be between $5.90 and $6.10 per share, which includes a $0.27 per share year-on-year increase in pension expense. The company continues to expect 2010 earnings per share to be in the range of $5.59 to $5.63 per share, or $5.70 to $5.74 per share excluding the Medicare Part D-related charge recorded in the first quarter of 2010.