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Techne Corporation Releases Unaudited Third Quarter Results for Fiscal Year 2011
Date:5/3/2011

er income (expense):Interest income

1,067

1,040

2,934

3,364Other non-operating expense, net

(421)

(1,249)

(1,376)

(2,922)Total other (expense) income

646

(209)

1,558

442Earnings before income taxes

45,384

41,439

122,010

117,845Income taxes

14,321

9,051

38,039

33,964Net earnings

$31,063

$32,388

$ 83,971

$83,881Earnings per share:Basic

$   0.84

$   0.87

$   2.26

$   2.25Diluted

$   0.84

$   0.87

$   2.26

$   2.25Weighted average common shares outstanding:Basic

37,119

37,292

37,084

37,263Diluted

37,194

37,380

37,153

37,357TECHNE CORPORATION

CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)ASSETS

3/31/11

6/30/10Cash and equivalents

$158,628

$  94,139Short-term available-for-sale investments

55,270

44,672Trade accounts receivable

35,554

30,850Other receivables

1,960

1,532Inventory

13,619

13,737Other current assets

11,695

16,110Current assets

276,726

201,040Available-for-sale investments

163,793

171,171Property and equipment, net

94,145

97,400Goodwill and intangible assets, net

26,601

27,112Other non-current assets

21,554

22,093Total assets

$582,819


SOURCE Techne Corporation
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