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Sigma-Aldrich (NASDAQ - SIAL) Reports Record Q2 2014 Results With Sales Of $701 Million And Diluted EPS Of $1.11. Raises Lower-End Of Full-Year 2014 Adjusted Diluted EPS Guidance To A New Range Of $4.32 To $4.40.
Date:7/24/2014

ast quarter and significantly expanded our adjusted operating income margin from the same period last year.  Our adjusted quarterly EPS of $1.11 was also a new record.  We improved our adjusted operating margin, on a constant-currency basis, by 70 basis points.  Our global supply chain initiatives, leverage from higher volumes, pricing, and expense controls contributed to this improvement.

Sales growth in our Research business unit was flat in the second quarter.  Growth in the U.S. Research market turned positive, led by an improving academic and pharma environment.  EMEA Research academic sales declined early in the quarter due to delays in funding release in certain countries but turned nicely positive in June, and we expect this momentum to continue in the second half of the year.  APAC Research sales were flat in the quarter with strong high-single digit growth in China offset by weakness in India, South Korea and Oceania.  Sales growth through our dealer network remained consistent, and, globally, we continue to make good progress with the Dealers as Partners program. 

Our Applied business unit had another solid quarter with 6% organic sales growth, led by double-digit growth in the Diagnostic and Testing segment.  We had a strong quarter of sales of critical raw materials, components for diagnostic manufacturing and certified reference materials.  Organic sales growth in the Industrial segment was low-single digits led by another strong quarter of growth in the U.S.  The overall Applied business unit growth was broad-based across all geographies, with China and India demonstrating double-digit growth.

SAFC Commercial business unit sales grew organically by 1%, led by double-digit growth in the Life Sciences Services segment, offset by a low-to-mid single-digit decline in Life Science Products.  Overall organic sales growth in the Hitech electronics segment was flat with growth
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1. Sigma-Aldrich (NASDAQ: SIAL) Reports Q1 2012 Diluted EPS of $0.96, With Diluted Adjusted EPS of $0.99. Sales Increase 5% for Q1 2012. Full Year 2012 Diluted Adjusted EPS Outlook of $3.90 to $4.05 Reaffirmed.
2. Sigma-Aldrich Accelerates Analytical Research and Extends Benefits of Fused-Core Particle Technology to All HPLC Users with the Launch of New Ascentis Express 5 Micron Particle by Supelco
3. Sigma-Aldrich Corporation To Present At Upcoming Investor Conferences
4. Sigma-Aldrich Enhances Customer Focus in China - Unveils Dynamic New Website and Expands Product Offering Through Vetec Brand
5. Sigma-Aldrich (NASDAQ: SIAL) Declares $0.20 Quarterly Dividend
6. Sigma-Aldrich Aligns Into Three New Market-Focused Business Units
7. Sigma-Aldrich Reports Record Full Year 2012 Results. Reports Q4 2012 Diluted EPS Of $0.96. Q4 2012 Sales Increased 7%. Full Year 2012 Adjusted Diluted EPS Was $3.85. Expects Full Year 2013 Adjusted Diluted EPS To Increase To $4.10 - $4.20.
8. Sigma-Aldrich Corporations Sigma Life Science Business to Distribute Worldwide Olink Biosciences Protein Interaction Analysis Technology
9. Sigma-Aldrich Announces Q1 2013 Earnings Conference Call
10. Sigma-Aldrich (NASDAQ: SIAL) Reports Q1 2013 Sales And EPS Of $675 Million And $1.01, Respectively, Both Record Quarterly Highs. Reaffirms Full Year 2013 Diluted Adjusted EPS Outlook Of $4.10 To $4.20.
11. Sigma-Aldrich Corporation Declares $0.215 Per Share Quarterly Dividend
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