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Techne Corporation Releases Unaudited Third Quarter Results for Fiscal Year 2009
Date:4/28/2009

me 1,504 3,155 6,596 9,405 Other non-operating expense, net (1,103) (423) (3,002) (1,565) ------- ----- ------- ------- Total other income 401 2,732 3,594 7,840 --- ----- ----- ----- Earnings before income taxes 40,841 42,992 117,939 113,326 Income taxes 13,200 13,402 38,083 37,025 ------ ------ ------ ------ Net earnings $27,641 $29,590 $79,856 $76,301 ======= ======= ======= ======= Earnings per share: Basic $0.74 $0.76 $2.10 $1.94 Diluted $0.74 $0.76 $2.10 $1.94 Weighted average common shares outstanding: Basic 37,427 39,000 37,986 39,296 Diluted 37,499 39,108 38,085 39,396


                                    TECHNE CORPORATION
                               CONSOLIDATED BALANCE SHEETS
                                      (In thousands)
                                        (Unaudited)


    ASSETS                                               3/31/09    6/30/08
    ------                                               -------    -------
    Cash and equivalents                                $133,821   $166,992
    Short-term available-for-sale investments             33,296     39,353
    Trade accounts receivable                             31,593     31,747
    Other receivables                                      3,020      1,585
    Inventory                                             10,749      9,515
    Other current assets  
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