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Techne Corporation Releases Unaudited Second Quarter Results for Fiscal Year 2009
Date:2/3/2009

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Techne Corporation has two operating subsidiaries: Research and Diagnostic Systems, Inc. (R&D Systems) of Minneapolis, Minnesota and 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 two subsidiaries, BiosPacific, Inc. (BiosPacific), located in Emeryville, California 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. R&D China and R&D Europe distribute biotechnology products.



                              TECHNE CORPORATION
                     CONSOLIDATED STATEMENTS OF EARNINGS
                    (In thousands, except per share data)
                                 (Unaudited)


                                 QUARTER ENDED            SIX MONTHS ENDED
                             12/31/08     12/31/07     12/31/08     12/31/07
    Net sales                 $61,876      $62,142     $131,200     $120,129
    Cost of sales              13,430       12,751       26,516       24,855
    Gross margin               48,446       49,391      104,684       95,274
    Operating expenses:
      Selling, general and
       administrative           9,703       10,645       18,543       18,735
      Research and development  5,846        5,562       11,756       10,743
      Amortization of
       intangible assets          240          282          480          570
        Total operating
         expenses              15,789       16,489       30,779       30,048
    Operating income           32,657       32,902       73,905       65,226
    Other income (expense):
      Interest income           2,205        3,252        5,092        6,250
      Other non-operating
       expense, net              (712)        (573)      (1,899)      (1,142)
  
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SOURCE  Techne Corporation
Copyright©2009 PR Newswire.
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