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Techne Corporation Releases Unaudited Fourth Quarter Results for Fiscal Year 2008
Date:8/5/2008

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TECHNE CORPORATION

CONSOLIDATED STATEMENTS OF EARNINGS

(In thousands, except per share data)

(Unaudited)

QUARTER ENDED FISCAL YEAR ENDED

6/30/08 6/30/07 6/30/08 6/30/07

Net sales $67,769 $58,425 $257,420 $223,482

Cost of sales 13,888 12,697 52,889 46,667

Gross margin 53,881 45,728 204,531 176,815

Operating expenses:

Selling, general

and administrative 8,986 7,839 36,715 30,965

Research and

development 5,812 5,014 22,394 20,082

Amortization of

intangible assets 282 404 1,135 1,614

Total operating

expenses 15,080 13,257 60,244 52,661

Operating income 38,801 32,471 144,287 124,154

Other expense (income):

Interest expense -- -- -- 1,083

Interest income (2,783) (2,565) (12,188) (8,434)

Other non-operating

expense, net 1,079 894 2,644 2,574

Total other income (1,704) (1,671) (9,544) (4,777)

Earnings before income

taxes 40,505 34,142 153,831 128,931

Income taxes 13,248 11,218 50,273 43,820

Net earnings $27,257 $22,924 $103,558 $85,111

Earnings per share:

Basic $0.70 $0.58 $2.65 $2.16

Diluted $0.70 $0.58 $2.64 $2.15

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SOURCE Techne Corporation
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