01:55 PM EST, 02/26/2025 (MT Newswires) -- 3M ( MMM ) on Wednesday outlined its medium-term financial outlook, including a plan to return at least $10 billion in cash to shareholders.

The industrial conglomerate aims to pay about $5 billion in the form of dividends and reserve an equal amount for repurchases through 2027, according to a presentation. For 2026 and 2027, the company expects adjusted per-share earnings to increase by a high-single digit annually and organic sales growth to "outperform macro," it said in a statement.

The outlook provides "a clear path to reinvigorate top-line growth and drive operational performance," 3M ( MMM ) Chief Executive William Brown said in the statement. "I am confident that our new performance-based culture and 3M ( MMM ) eXcellence operating system allow us to capitalize on opportunities to deliver value for customers and shareholders."

The company's shares were up 0.6% in Wednesday afternoon trade. So far this year, the stock has jumped 14%.

Last year, 3M ( MMM ) returned $3.8 billion to shareholders through dividends and share buybacks. Its 2024 adjusted EPS jumped 21% year over year to $7.30, while organic sales grew 1.2%.

The company on Wednesday reiterated its 2025 financial outlook, including targeting adjusted EPS between $7.60 and $7.90. Analysts polled by FactSet expect $7.80. 3M ( MMM ) continues to expect full-year organic sales growth of 2% to 3%, according to the presentation.

Last month, the company logged better-than-projected fourth-quarter results.

"We expect all business groups to grow low-single digits (in 2025), which is in line with or above macro," Chief Financial Officer Anurag Maheshwari said on an earnings conference call at the time, according to a FactSet transcript. "We expect this higher growth trajectory to be supported by our focus on commercial excellence, improvement in service levels and new product launches."

Price: 147.51, Change: +0.97, Percent Change: +0.66