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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; mike.barris@dowjones.com;

Stock News for Sigma-aldrich (SIAL)
DateTimeHeadline
03/23/201516:01:00Conatus Pharmaceuticals and BioReliance Present Key Emricasan...
03/20/201515:00:00Sigma-Aldrich® Global Green Chemistry Initiative: Next Phase...
03/20/201510:56:24Additional Proxy Soliciting Materials (definitive) (defa14a)
03/20/201510:52:00Proxy Statement (definitive) (def 14a)
03/19/201508:57:55Sigma-Aldrich inks global distribution deal with Roche
03/19/201507:00:00Roche announces global distribution agreement for its Biochemical...
03/19/201507:00:00Roche announces global distribution agreement for its Biochemical...
03/19/201507:00:00Sigma-Aldrich Announces Exclusive Distribution Agreement with...
03/19/201507:00:00Roche announces global distribution agreement for its Biochemical...
03/19/201507:00:00Sigma-Aldrich Announces Exclusive Distribution Agreement with...
03/16/201517:14:48Statement of Changes in Beneficial Ownership (4)
03/16/201515:54:07Statement of Changes in Beneficial Ownership (4)
03/13/201511:50:01Statement of Changes in Beneficial Ownership (4)
03/13/201511:49:36Statement of Changes in Beneficial Ownership (4)
03/13/201511:49:36Statement of Changes in Beneficial Ownership (4)
03/11/201514:31:45Statement of Changes in Beneficial Ownership (4)
03/11/201514:31:27Statement of Changes in Beneficial Ownership (4)
03/11/201514:30:57Statement of Changes in Beneficial Ownership (4)
03/11/201514:30:39Statement of Changes in Beneficial Ownership (4)
03/11/201514:30:39Statement of Changes in Beneficial Ownership (4)

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