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Sigma-Aldrich's 3Q Net Up 5.1% On Favorable Tax Rate

DOW JONES NEWSWIRES Sigma-Aldrich Corp.'s (SIAL) third-quarter profit rose 5.1% due to a more favorable tax rate, which offset lower sales and margins at the biochemicals company. The supplier of chemicals for high-tech research in universities and industry said profit rose to $86.1 million, or 70 cents a share, from $81.9 million, or 64 cents a share, a year earlier. Earnings would have been 80 cents a share without the impact from currency. Sales fell 1.3% to $533.8 million, but excluding the impact of currency change, sales grew 2.3% organically. Analysts surveyed by Thomson Reuters were expecting earnings, excluding items, of 67 cents a share on revenue of $532 million. Gross profit fell to 49.7% from 51.4%. Organic sales rose 1.4% for the research business and 4.8% for the specialty fine chemicals segment. Sigma-Aldrich also affirmed its full-year revenue target, seeing organic growth in low-single digits. Profits are expected to exceed $2.70 a share. In July, the company saw profits "slightly above" the $2.65 a share of a year ago. Sigma-Aldrich shares closed at $55.20 and didn't trade premarket. The stock is up by about a third this year. -By Mike Barris and John Kell, Dow Jones Newswires; 212-416-2330;;

Stock News for Sigma-aldrich (SIAL)
07/23/201507:00:00Sigma-Aldrich Meets Evolving Quality and Regulatory Needs with...
07/22/201516:20:23Current Report Filing (8-k)
06/29/201517:01:42Annual Report of Employee Stock Plans (11-k)
06/26/201521:59:29A Makeover At The 'Other' Merck
06/18/201512:04:26Statement of Changes in Beneficial Ownership (4)
06/15/201516:13:34Statement of Changes in Beneficial Ownership (4)
06/15/201516:13:09Statement of Changes in Beneficial Ownership (4)
06/15/201515:21:54Current Report Filing (8-k)
06/15/201514:50:04EU Approves Merck KGaA $17 Billion Purchase of Sigma-Aldrich
06/15/201514:33:00Acquisition of Sigma-Aldrich by Merck KGaA, Darmstadt, Germany...
06/11/201507:00:00Sigma-Aldrich® Named to Newsweek's 2015 Green Rankings
06/09/201507:00:00Cerilliant Introduces Snap-N-Spike® Stable-Labeled Internal...
06/04/201507:00:00Sigma-Aldrich Expands Analytical Portfolio with National Institute...
06/02/201507:00:00Sigma-Aldrich to Launch XCell Science Genetically Engineered...
06/01/201516:30:49Specialized Disclosure Report (sd)
05/29/201510:47:01Statement of Changes in Beneficial Ownership (4)
05/29/201510:46:32Statement of Changes in Beneficial Ownership (4)
05/20/201512:15:10What Is the S&P 500 Index?
05/19/201506:33:20Merck Profit Pressured by Financing for Sigma-Aldrich Deal...
05/19/201505:30:11Merck Profit Pressured by M&A Financing

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