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Techne Corporation Releases Unaudited First Quarter Fiscal Year 2012 Financial Results

Massachusetts, R&D Systems China Co. Ltd., (R&D China), located in Shanghai, China and Tocris Cookson, Inc, located in Saint Louis, Missouri.  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 Holding, 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.



(In thousands, except per share data)

(Unaudited)QUARTER ENDED9/30/11

9/30/10Net sales


$67,945Cost of sales


15,350Gross margin


52,595Operating expenses:   Selling, general and administrative


7,613Research and development


6,619Total operating expenses


14,232Operating income


38,363Other income (expense):   Interest income


847   Other non-operating expense, net


(257)Total other (expense) income


590Earnings before income taxes


38,953Income taxes


12,580Net earnings


$26,373Earnings per share:   Basic

$   0.74

$   0.71   Diluted

$   0.74

$   0.71Weighted average common shares outstanding:   Basic


37,040   Diluted




(In thou

SOURCE Techne Corporation
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