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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

the mid-single digits primarily due to U.S. sequestration-related issues, European funding uncertainty and fewer shipping days.
  • Pharma organic sales growth was flat, which reversed a three-quarter negative trend. 
  • Organic sales growth through our dealer network was in the low-single digits.  Our Dealers as Partners program was launched in the Europe, Middle East, and Africa (EMEA) region and is helping drive strong growth.
  • Applied ($159 million in sales, 24% of overall sales)

  • Organic sales grew by 3%.  Acquisitions contributed 2% to growth and changes in foreign currency exchange rates reduced growth by 1%. 
  • Excluding the impact from fewer shipping days, Applied would have grown organically in the mid-single digits.
  • Diagnostics and Testing organic sales growth was in the high-single digits, driven primarily from sales of critical components for diagnostic kits and sales of standards and certified reference materials to clinical testing laboratories.
  • Sales of products to industrial companies declined in the low-single digits.  A large contributor to the decline was weakness in Asia Pacific (APAC) primarily due to spending reductions from a few large industrial customers.
  • SAFC Commercial ($155 million in sales, 23% of overall sales)

  • Organic sales grew 3%.  Acquisitions contributed 9% to growth and changes in foreign currency exchange rates reduced growth by 1%.
  • Life Science Products and Services organic sales growth was in the mid-single digits, led by strong double-digit growth in contract manufacturing.  The industrial cell culture media business also continued to perform well. SAFC Commercial is expanding capacity at its Irvine, Scotland facility to further address opportunities in this business.  BioReliance grew mid-single digits and continued its sequential improvement that began late last year.
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  • SOURCE Sigma-Aldrich
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