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Techne Corporation Releases Unaudited Third Quarter And Nine Month Fiscal Year 2013 Results
Date:4/30/2013

NINE MONTHS ENDED3/31/13

3/31/12

3/31/13

3/31/12Gross margin percentage

75.5%

75.8%

74.4%

75.0%Identified adjustments:Costs recognized upon sale of acquired inventory

1.3%

2.3%

1.5%

2.5%Amortization of intangibles

0.9%

0.9%

1.0%

1.0%Gross margin percentage - adjusted

77.7%

79.0%

76.9%

78.5% TECHNE CORPORATION

RECONCILIATION of NET EARNINGS and EARNINGS per SHARE

(In thousands, except per share data)

(Unaudited)QUARTER ENDED

NINE MONTHS ENDED3/31/13

3/31/12

3/31/13

3/31/12Net earnings

$33,118

$31,756

$84,150

$85,090Identified adjustments:Costs recognized upon sale of acquired inventory

1,032

1,955

3,496

5,870Amortization of intangibles

1,252

1,268

3,806

3,821Impairment losses on investments

0

3,254

0

3,254Tax impact of above adjustments

(619)

(2,069)

(1,965)

(3,883)Tax impact of  research and development credit

(1,186)

0

(1,186)

(430)Tax impact of foreign source income

(1,138)

379

(500)

862Tax impact of reversal of valuation allowance

0

(3,016)

0

(3,016)Net earnings - adjusted 

$32,459

$33,527'/>"/>

SOURCE Techne Corporation
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