Skip to main content
Premium Trial:

Request an Annual Quote

Sigma-Aldrich Posts 10 Percent Q1 Revenue Growth

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Sigma-Aldrich today reported that its first-quarter revenues increased 10 percent year over year, with particularly strong growth from its SAFC business unit.

The St. Louis-based chemicals and research products firm reported total sales of $623 million, up 10 percent from $569 million for the first quarter of 2010. On an organic basis, the firm's sales were up 7 percent year over year, and it beat analysts' consensus estimate of $602.9 million.

Sigma-Aldrich's SAFC business reported 18 percent year-over-year growth to $180 million from $152 million. Its Research Essentials business had 7 percent growth to $120 million from $112 million, while its Research Specialties business had 9 percent growth to $236 million from $217 million, and its Research Biotech business grew 6 percent to $96 million from $91 million.

Sigma-Aldrich's net income for the quarter was $119 million, or $.97 per share, compared to $100 million, or $.81 per share, for the first quarter of 2010. It easily beat analysts' estimate of $.90 per share.

Its R&D spending increased 13 percent to $18 million from $16 million, and its SG&A spending jumped 10 percent to $148 million from $134 million. The firm reported restructuring costs of $3 million versus $6 million in Q1 2010.

Sigma-Aldrich President and CEO Rakesh Sachdev noted in a statement that the firm's sales and diluted EPS were the best reported quarterly results in the firm's history.

The company finished the quarter with $623 million in cash and cash equivalents.

Sigma-Aldrich expects to meet its previous forecast for 2011 organic sales growth in the mid-single digits. Including benefits from currency translation and acquisitions, it expects reported sales growth for the year to be in the low-double digits.

The Scan

Single-Cell Sequencing Points to Embryo Mosaicism

Mosaicism may affect preimplantation genetic tests for aneuploidy, a single-cell sequencing-based analysis of almost three dozen embryos in PLOS Genetics finds.

Rett Syndrome Mouse Model Study Points to RNA Editing Possibilities

Investigators targeted MECP2 in mutant mouse models of Rett syndrome, showing in PNAS that they could restore its expression and dial down symptoms.

Investigators Find Shared, Distinct Genetic Contributors to Childhood Hodgkin Lymphoma

An association study in JAMA Network Open uncovers risk variants within and beyond the human leukocyte antigen locus.

Transcriptomic, Epigenetic Study Appears to Explain Anti-Viral Effects of TB Vaccine

Researchers report in Science Advances on an interferon signature and long-term shifts in monocyte cell DNA methylation in Bacille Calmette-Guérin-vaccinated infant samples.