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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

in semiconductor precursors offset by continued weakness in LED precursors.

In the Life Science Products segment, we continued to see strong demand for biopharma materials, including media and buffers.  However, the segment was adversely impacted by the timing of delivery of several large contract manufacturing orders.  Actual order bookings provide good visibility into higher contract manufacturing sales in the second half of the year, particularly in the fourth quarter.

The Life Science Services segment delivered a strong organic sales performance with double-digit growth in Biopharma services led by our biotesting and safety services, viral clearance and gene therapy platforms."

Mr. Sachdev continued, "With our reaffirmed second-half sales outlook and positive margin trends, we are raising the lower end of our full-year adjusted diluted EPS guidance to a new range of $4.32 to $4.40 from a prior range of $4.30 to $4.40.

Overall, we are making good progress on our long-term initiatives.  In all three of our business units, we continue to launch new products and services, expand existing customer relationships and create new ones.  We are encouraged by the improving trends in the Research markets and by the overall customer response to our initiatives, especially in the biopharma, diagnostics and testing markets.  Operationally, we continue to optimize our core business while making new investments for future growth initiatives.  We are in a strong financial position, and we will continue to evaluate and implement attractive opportunities to increase shareholder value."

Q2 2014 RESULTS:Reported sales for the second quarter of 2014 were $701 million, a 3% increase from the same quarter in 2013.  Organic sales growth in the quarter was 2%.  Changes in foreign currency exchange rates increased reported sales growth by 1%.

For the first six months of 2014, reported sales were $1.39 billio
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