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

>

$87,801

$91,568Adjusted growth

(3.2%)(4.1%)Earnings per share - diluted – adjusted

$   0.88

$
.91

$2.38

$
2.47 

TECHNE CORPORATION

RECONCILIATION of EFFECTIVE TAX RATE

(Unaudited)QUARTER ENDED

NINE MONTHS ENDED3/31/13

3/31/12

3/31/13

3/31/12Effective tax rate

25.5%

26.5%

29.8%

30.0%Identified adjustments:Reversal of valuation allowance

0.0%

7.0%

0.0%

2.5%Research and development credit

2.7%

0.0%

1.0%

0.4%Foreign source income

2.5%

(0.9%)

0.4%

(0.8%)Effective tax rate - adjusted

30.7%

32.6%

31.2%

32.1%TECHNE CORPORATION

RECONCILIATION of INTANGIBLE AMORTIZATION

(In thousands)

(Unaudited)QUARTER ENDED

NINE MONTHS ENDED3/31/13

3/31/12

3/31/13

3/31/12Amortization of intangible assets included in:Cost of goods sold

$   742

$  750

$2,256

$2,263Selling, general and administrative expenses

516

518

1,556

1,558Total amortization of intangible assets

$1,258

$1,268


SOURCE Techne Corporation
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