Sigma-Aldrich Corp (SIAL) Tops Q1 EPS by 3c; Reaffirms FY Outlook

Sigma-Aldrich Corp (NASDAQ: SIAL) reported Q1 EPS of $1.06, $0.03 better than the analyst estimate of $1.03. Revenue for the quarter came in at $689 million versus the consensus estimate of $690.6 million.

Sigma-Aldrich Corp reaffirms FY2014 EPS of $4.30-$4.40, versus the consensus of $4.36.

Commenting on performance in the first quarter of 2014, President and CEO Rakesh Sachdev said, "We generated 3% organic sales growth with continued strong performance by our Applied business unit. We also expanded our adjusted operating income margin, which resulted in a record-high adjusted quarterly EPS of $1.06.

Our end markets remain stable. All business units and geographies contributed to growth in the quarter. Our 2014 global supply chain initiatives are off to a good start and contributed to the margin improvement in the first quarter. We look forward to building on these successes throughout the rest of 2014 and beyond."

For earnings history and earnings-related data on Sigma-Aldrich Corp (SIAL) click here.

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