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Techne Corporation Releases Unaudited First Quarter Fiscal Year 2012 Financial Results
Date:10/25/2011

sands)

(Unaudited)ASSETS

9/30/11

6/30/11Cash and equivalents

$  79,235

$ 77,613Short-term available-for-sale investments

54,120

63,200Trade accounts receivable

34,092

35,914Other receivables

1,547

1,946Inventory

42,116

44,906Other current assets

7,900

6,838   Current assets

219,010

230,417Available-for-sale investments

148,949

131,988Property and equipment, net

94,352

95,398Goodwill and intangible assets, net

135,390

138,915Other non-current assets

30,735

20,952   Total assets

$628,436

$617,670LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities

$  26,236

$  18,188Deferred taxes

12,846

13,360Stockholders' equity

589,354

586,122   Total liabilities and stockholders' equity

$628,436

$617,670TECHNE CORPORATION

RECONCILIATION of ORGANIC SALES

(In thousands)

(Unaudited)QUARTER ENDED9/30/11

9/30/10Net sales

$77,596

$67,945Organic sales adjustments:Acquisitions

(5,619)

0Impact of foreign currency fluctuations

(1,878)

  0Organic sales  

$70,099

$67,945TECHNE CORPORATION

RECONCILIATION of  NET EARNINGS and EARNINGS per SHARE

(In thousands, except per share data)

(Unaudited)QUARTER ENDED9/30/11

9/30/10Net earnings

$27,521

$26,
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SOURCE Techne Corporation
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