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

R&D Systems Europe, Ltd. (R&D Europe) of Abingdon, England.  R&D Systems is a specialty manufacturer of biological products.  R&D Systems has three subsidiaries:  BiosPacific, Inc. (BiosPacific), located in Emeryville, California, Boston Biochem, Inc., located in Cambridge, Massachusetts, and R&D Systems China Co. Ltd., (R&D China), located in Shanghai, China.  BiosPacific is a worldwide supplier of biologics to manufacturers of in vitro diagnostic systems and immunodiagnostic kits. Boston Biochem is a leading developer and manufacturer of ubiquitin-related research products. R&D China and R&D Europe distribute biotechnology products.  R&D Europe has two subsidiaries: Tocris Holdings Ltd (Tocris) of Bristol, England and R&D Systems GmbH, a German sales operation. Tocris is a leading supplier of reagents for non-clinical life science research.

 

TECHNE CORPORATION

CONSOLIDATED STATEMENTS OF EARNINGS

(In thousands, except per share data)

(Unaudited)QUARTER ENDED

NINE MONTHS ENDED3/31/13

3/31/12

3/31/13

3/31/12Net sales

$80,992

$83,621

$231,100

$235,879Cost of sales

19,845

20,238

59,107

58,939Gross margin

61,147

63,383

171,993

176,940Operating expenses:Selling, general and administrative

9,982

9,899

31,266

31,323Research and development

7,219

7,122

22,074

20,626Total operating expenses

17,201

17,021

53,340

51,949Operating income

43,946

46,362

118,653

124,991Other income (expense):Interest income

638

470

1,976

1,996Impairment loss on investments in unconsolidated entities

0

(3,254)

0

(3,254)Other non-operatin
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SOURCE Techne Corporation
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