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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

hance our customer centric activities. Research

Essentials and Research Specialties again achieved sales growth

exceeding long-term growth targets, and Research Biotech remained

on target to improve its growth rate. Third quarter gains for

three of the four focus areas in SAFC were in-line with first half

2008 performance, with a decline in SAFC's Pharma business

reflecting the impact of adverse economic conditions on

pharmaceutical spending;

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

Pacific and Latin America) markets by 8.8% and 6.8%, respectively,

in Q3 2008, with a Q3 2008 revenue contribution from these markets

at 20% of sales, consistent with the level achieved for all of

2007. Reported quarterly sales in our focus markets of India and

Brazil increased by 1% and 42%, respectively, with organic growth,

exclusive of currency impacts, of 10% and 23%, respectively. Sales

in China that had increased by 21% and 45% in the first and second

quarters of 2008, respectively, were impacted by government-imposed

operating restrictions related to the Olympic games in that

country, reducing third quarter 2008 sales by 9%, but with full

expectations for a recovery in the final quarter of 2008;

-- Increasing web-based sales through our award winning website by

17.6%. Web-based sales improved to 43% of worldwide Q3 2008

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

and CAPLA) customers increased by 24.4%. E-commerce sales to U.S.

Research customers were 51% of total U.S. Research sales,

consistent with prior year-to-date levels;

-- Continuing our commitment to achieve $15 million in annual, pretax


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SOURCE Sigma-Aldrich
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