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Sigma-Aldrich (Nasdaq: SIAL) Reports 18.5% Gain in Q3 2008 Diluted EPS and Reaffirms Full Year 2008 Diluted EPS Forecast. Q3 2008 Sales Increase 7.4%. Buyback Authorization Increased by 10 Million Shares.
Date:10/21/2008

twice the market rate in recent years, but we firmly believe that opportunities exist for further improvement. We'll focus our new efforts in three areas, including:
-- Accelerating activities on many of the initiatives from our current

plan by continuing our efforts to improve margins by as much as 150

basis points by 2012 through our supply chain initiative, building

on our e-commerce capabilities and taking advantage of growth

opportunities in each of our four business units;

-- Elevating our attention in areas where significant performance

improvements can contribute to enhanced growth in sales and profits

through activities such as improved pricing strategies, new and

market-leading web capabilities and technology acquisitions; and

-- Initiating even more differentiation in our markets through

innovation to be coordinated by a new ventures group that builds on

our unrivalled scientific knowledge and global logistics

capabilities."

Nagarkatti continued, "Our overall long-term objective for 10% annual sales growth remains, with new initiatives expected to improve internal growth, supplemented with contributions from technology acquisitions and new opportunities added from a new ventures group and our innovation efforts."

Nagarkatti concluded, "Our 2008 performance demonstrates our ability to take market share while simultaneously growing EPS faster than sales and improving operating margins. We expect this momentum to carry through the final quarter of 2008, enabling us to deliver above market organic sales growth, generate margin expansion and deliver diluted EPS of $2.62 to $2.72 for the full year. Third quarter achievements for our five key growth initiatives included:
-- Strong growth for all three of our Research-based business units as

we continued to en
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SOURCE Sigma-Aldrich
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