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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

process improvement savings by delivering $3.5 million of benefits

for the third quarter of 2008, bringing the year-to-date benefit to

$11.8 million. If the adverse impact of higher currency rates on

operating costs outside the U.S. is excluded, the year-to-date

results were even more robust at roughly $16 million, exceeding our

target. And our supply chain project is well under way and

achieving desired results with a modest contribution to third

quarter pretax profits as we seek to take process improvement to a

higher level and boost both EPS growth and margins through 2012;

and

-- Adding new capabilities in our Research Biotech and SAFC businesses

by:

-- Agreeing to distribute IsoSciences LLC's isotopically

labeled bioactive compounds;

-- Adding another 2,000 antibodies to our Prestige Antibody

line through a partnership with Atlas Antibodies;

-- Expanding our capabilities in the rapidly growing plant

biotechnology field with a collaboration with Metahelix Life

Sciences; and

-- Expanding our API production capabilities by 15% at our

plant in Arklow, Ireland."

SALES RESULTS (all percentage comparisons are to comparable periods in 2007):

A reconciliation of reported and adjusted sales growth and quarterly sales by business unit can be found in tabular form in the Supplemental Financial Information section on page 10.

Reported sales increased 7.4% for the third quarter of 2008 to $540.6 million. Third quarter organic sales growth, excluding currency benefits, was 4.3%. Overall organic sales growth for the three Research-based business units (Research Specialties, Research Essentials and Research Biotech) was 7.0% in Q3 2008, largely matching
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SOURCE Sigma-Aldrich
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