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

Total other income 1,493 2,679 3,193 5,108 Earnings before income taxes 34,150 35,581 77,098 70,334 Income taxes 10,528 11,942 24,883 23,623 Net earnings $23,622 $23,639 $52,215 $46,711 Earnings per share: Basic $0.62 $0.60 $1.36 $1.18 Diluted $0.62 $0.60 $1.36 $1.18 Weighted average common shares outstanding: Basic 37,894 39,395 38,259 39,442 Diluted 37,992 39,497 38,370 39,542 TECHNE CORPORATION CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) ASSETS 12/31/08 6/30/08 Cash and equivalents $119,595 $166,992 Short-term available-for-sale investments 24,366 39,353 Trade accounts receivable 24,852 31,747 Other receivables 4,701 1,585 Inventory 9,877 9,515 Other current assets 9,732 9,241 Current assets 193,123 258,433 Available-for-sale investments 85,493 87,384 Property and equipment, net 98,352 101,722 Goodwill and intangible assets, net 28,552 29,032 Other non-current assets 28,010 30,798 Total assets $433,530 $507,369 LIABILITIES Current liabilities
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