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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.
Date:4/25/2013

growth of our Life Science Products and Services.  We remain well positioned to benefit from the therapeutic trend to biologics and high-potency compounds, which was again evidenced by solid growth in our industrial cell culture media business and strong double-digit growth in our custom pharma business.  BioReliance achieved a solid quarter with mid-single digit organic sales growth.  As expected, year-over-year price declines for chemical precursors to the LED industry resulted in lower sales in our Hitech electronics segment.  We are launching new products for the semiconductor and electronic display markets, which are not as price sensitive as the LED market, and are expected to provide growth in the second half of the year.

We generated strong free cash flow in the quarter and raised our cash dividend for the 38th consecutive year.  We continue to look for growth investments, both organic and inorganic, that fit our strategy of increasing our presence in faster growing Applied and Commercial markets, broadening our Research portfolio to leverage our worldwide sales and distribution channels, increasing our presence in faster growing emerging countries and generating opportunities to significantly increase shareholder value."

Q1 2013 RESULTS:Reported sales for the first quarter of 2013 were $675 million, a 2% increase from the first quarter of 2012.  Organic sales growth in the quarter was 1%.  Acquisitions completed in 2012 increased sales by 2% and changes in foreign currency exchange rates caused sales to decline by 1%. 

Research ($361 million in sales, 53% of overall sales)

  • Organic sales declined by 1%.  Changes in foreign currency exchange rates reduced overall Research growth by 2%.
  • Excluding the impact from fewer shipping days, Research sales would have grown organically in the low-single digits.
  • Academic/Government organic sales growth declined in
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  • SOURCE Sigma-Aldrich
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