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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.
Date:4/24/2012

f high purity biochemicals for use in life sciences markets.  This acquisition is an outstanding complement to SAFC's existing raw materials portfolio and is expected to help us provide our customers more innovative and enhanced quality solutions and true dual sourcing of biological buffers."

Sachdev concluded, "We've reaffirmed our organic sales expectation for 2012 of mid-single digit percentage growth.  Our plans are to continue to execute on our Research business' strategic initiatives to drive sales of our analytical chemistry, biology and materials science products, and to deliver high single digit organic sales growth in SAFC.  We also plan to continue to enhance our e-commerce and Asia Pacific and Latin American market sales. In addition, the acquisitions of BioReliance and Research Organics are expected to add roughly 6% to Sigma-Aldrich's sales growth in 2012.
We've also reaffirmed our diluted adjusted EPS outlook for 2012 in the range of $3.90 to $4.05.  Our plan is to continue prudent cost control without sacrificing a commitment to longer term growth initiatives as we deal with market uncertainties. Our management team remains fully engaged and committed to deliver this performance."

2012 RESULTS:Reported sales for the first quarter of 2012 of $665 million increased 5% over the first quarter of 2011.  Excluding changes in foreign currency exchange rates which reduced otherwise reportable sales by 2% and acquisitions which increased sales by 4%, first quarter organic sales growth was 3%.  First quarter sales for the Company's Research business grew organically by 4%, driven by strong growth in the Asia Pacific and Latin American regions.  First quarter sales for the SAFC business grew organically by 1% over the first quarter of 2011, in-line with expectations.
SAFC sales were impacted by tougher comparisons related to the customer pre-buy in the SAFC Bioscience business early in 2011 arisin
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SOURCE Sigma-Aldrich
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