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Techne Corporation Releases Unaudited Second Quarter Results for Fiscal Year 2008
Date:1/29/2008

me 32,902 27,517 65,226 56,306

Other expense (income):

Interest expense -- 815 -- 1,083

Interest income (3,252) (1,956) (6,250) (3,632)

Other non-operating expense,

net 573 428 1,142 913

Total other income (2,679) (713) (5,108) (1,636)

Earnings before income taxes 35,581 28,230 70,334 57,942

Income taxes 11,942 9,567 23,623 19,648

Net earnings $23,639 $18,663 $46,711 $38,294

Earnings per share:

Basic $0.60 $0.47 $1.18 $0.97

Diluted $0.60 $0.47 $1.18 $0.97

Weighted average common shares

outstanding:

Basic 39,395 39,387 39,442 39,383

Diluted 39,497 39,511 39,542 39,483

TECHNE CORPORATION

CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

ASSETS 12/31/07 6/30/07

Cash and equivalents $148,657 $135,485

Short-term available-for-sale investments 40,139 29,289

Trade accounts receivable 29,273 29,559

Other receivables 1,465 1,407

Inventory 9,409 8,757

Other current assets 8,974 8,341

Current assets 237,917 212,838

Available-for-sale investments 95,663 91,433


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