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Sigma Aldrich Corp (SIAL) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2009

Sigma Aldrich Corp

CIK: 90185 Ticker: SIAL

Exhibit 99.1

LOGO

3050 Spruce Street, St. Louis, MO 63103 USA

Tel: (800) 521-8956 (314) 771-5765 Fax: (800) 325-5052 (314) 771-5757

 

From:   Jai P. Nagarkatti,        For questions, contact:
    Chairman, President and CEO        Kirk A. Richter,
             Vice President and Treasurer
             (314) 286-8004

FOR IMMEDIATE RELEASE -St. Louis, MO., February 10, 2010

SIGMA-ALDRICH (NASDAQ:SIAL) REPORTS 12% YEAR-OVER-YEAR INCREASE IN Q4

2009 SALES; FOURTH QUARTER 2009 DILUTED EPS UP 10% TO $0.75; EXPECTS 2010

DILUTED EPS OF $3.00-$3.15; QUARTERLY DIVIDEND INCREASED BY 10%

HIGHLIGHTS:

2009 Results (all percentages are to comparable periods in 2008)

 

 

Q4 2009 reported sales grew by 12.3% to $573 million. Q4 sales grew organically by 5.6% driven by strong Research Biotech and fine chemicals (SAFC) sales. Full year 2009 reported sales declined by 2.4% with organic sales growth of 1.7%.

 

 

Q4 2009 diluted EPS increased by 10.3% to $0.75. Full year 2009 diluted EPS was a record $2.80, up from $2.65 reported for 2008.

 

 

Q4 2009 net cash provided by operations and free cash flow were $154 million and $122 million, respectively. Record full year amounts for net cash provided by operations and free cash flow were $516 million, a 28% increase, and $396 million, a 26% increase, respectively.

2010 Outlook (all percentages are compared to full year 2009 results)

 

 

Organic sales for the full year are expected to increase in a mid-single digit range. Reported sales are likely to increase additionally by about 1% if exchange rates remain near current levels.

 

 

Diluted EPS is expected to be $3.00-$3.15, a 7 to 13% increase.

 

 

Net cash provided by operations and free cash flow are expected to exceed $480 million and $350 million, respectively, for 2010.

Dividend

At a meeting held on February 9, 2010, the Company’s Directors declared a 10.3% increase in the quarterly cash dividend to $0.16 per share. The dividend is payable on March 15, 2010 to shareholders of record on March 1, 2010.

CEO’s STATEMENT:

Commenting on fourth quarter and full year 2009 performance, Chairman, President and CEO Jai Nagarkatti said: “The $0.75 diluted EPS delivered for the fourth quarter of 2009 was our best quarterly performance this year. We are very pleased with this performance that helped us finish the year strong in what continued to be challenging economic conditions. For the full year, we were again able to achieve record earnings per share for a 35th consecutive year.”

 

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The following information was filed by Sigma Aldrich Corp (SIAL) on Wednesday, February 10, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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