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Sigma Aldrich Corp (SIAL) SEC Filing 10-K Annual report for the fiscal year ending Friday, December 31, 2010

Sigma Aldrich Corp

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CIK: 90185 Ticker: SIAL

Exhibit 99.1

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3050 Spruce Street, St. Louis, MO 63103 USA

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

 

From: Rakesh Sachdev    For questions, contact:

   President and CEO

    Kirk A. Richter
     Vice President, Treasurer and Interim CFO
     (314) 286-8004

FOR IMMEDIATE RELEASE -St. Louis, MO., February 9, 2011

SIGMA-ALDRICH (NASDAQ:SIAL) REPORTS Q4 AND FULL YEAR 2010 DILUTED EPS OF $0.76 AND $3.12, RESPECTIVELY. Q4 AND FULL YEAR 2010 ADJUSTED DILUTED EPS WERE $0.83 AND $3.31, RESPECTIVELY. Q4 SALES SET NEW QUARTERLY HIGH. 2011 DILUTED EPS EXPECTED TO BE $3.45 TO $3.60. QUARTERLY DIVIDEND RAISED BY 12.5%.

HIGHLIGHTS:

2010 Results (all percentages are to comparable periods in 2009)

 

  •  

Q4 2010 reported sales were $582 million, a new quarterly high. Q4 sales grew by 2% and 3% on a reported and currency adjusted basis, respectively. Full year 2010 sales increased 6% and 5% on a reported and currency adjusted basis, respectively.

 

  •  

Q4 2010 reported diluted EPS was $0.76. Excluding restructuring costs of $0.07, adjusted Q4 2010 diluted EPS was $0.83, up 4%. Full year 2010 reported EPS was $3.12. Excluding $0.19 of restructuring and impairment costs, 2010 adjusted diluted EPS was $3.31, a 16% increase over 2009’s adjusted diluted EPS.

 

  •  

Full year 2010 net cash provided by operating activities was $523 million and free cash flow was $424 million.

2011 Outlook (all percentages are compared to full year 2010 results)

 

  •  

Sales for the full year are expected to increase in a mid-single digit range, with market conditions similar to 2010. Sales growth is not likely to be significantly impacted if currency exchange rates remain near current levels.

 

  •  

Diluted adjusted EPS forecast (excluding restructuring or other extraordinary special charges) is expected to be $3.45 to $3.60, a 4% to 9% increase over 2010’s adjusted EPS. See 2011 Outlook below.

 

  •  

Net cash provided by operating activities is expected to exceed $500 million. Free cash flow is expected to exceed $375 million.

Dividend

At a meeting held on February 8, 2011, the Directors increased the quarterly cash dividend by 12.5% to $0.18 per share. The dividend is payable on March 15, 2011 to shareholders of record on March 1, 2011.

 

1

The following information was filed by Sigma Aldrich Corp (SIAL) on Wednesday, February 9, 2011 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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