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Sigma-Aldrich (Nasdaq: SIAL) Reports 16.7% Gain in Q2 2008 Diluted EPS. Q2 2008 Sales Rise 14.4%. 2008 Diluted EPS Forecast Raised $.05 to $2.62-$2.72.
Date:7/22/2008

om our current initiatives are meeting, and in some cases, exceeding expectations. Second quarter achievements for our five key growth initiatives included:
-- Improved growth for all three of our Research-based business units and

a record sales amount for SAFC, our Fine Chemicals unit, as we

continued to enhance our customer centric activities. Research

Essentials and Research Specialties achieved sales growth in excess of

long-term growth targets, and Research Biotech exceeded current year

growth expectations, all after factoring out a modest benefit in the

second quarter from holiday timing differences between 2008 and 2007.

And SAFC had another increase in its booked orders for future delivery

to again achieve a new record level;

-- Increasing reported and adjusted sales in CAPLA (Canada, Asia Pacific

and Latin America) markets by 19.3% and 11.3%, respectively, in Q2

2008, with a Q2 2008 revenue contribution from these markets at 20% of

sales, a one percentage point improvement over results for the

comparable quarter of 2007 and consistent with level achieved for all

of 2007. Reported quarterly sales growth in our primary focus markets

of India, Brazil and China ranged from 10% to 45% as we continued to

increase our presence in each of these markets through new sales

activities, completed and planned increases in production capacity, and

inventory stocking initiatives;

-- Increasing web-based sales through our award winning website by 21.9%.

Overall web-based sales improved to 42% of worldwide Q2 2008

Research-based sales as e-commerce sales to international (Europe and

CAPLA) customers rebounded in Q2 to increase by 32.4%. E-commerce sales

to U.S. Research customers were 52% of total U.S. Research sales, a one

percentage point improvement from
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SOURCE Sigma-Aldrich
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