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Techne Corporation Releases Unaudited Fourth Quarter and Fiscal Year 2011 Results
Date:8/2/2011

(expense):   Interest income

818

1,011

3,752

4,375   Other non-operating expense, net

(450)

(1,335)

(1,826)

(4,257)Total other income (expense)  

368

(324)

1,926

118Earnings before income taxes

42,971

38,601

164,981

156,446Income taxes

14,640

12,706

52,679

46,670Net earnings

$28,331

$25,895

$112,302

$109,776Earnings per share: Basic

$   0.76

$   0.70

$  3.03

$  2.95 Diluted

$   0.76

$   0.69

$  3.02

$   2.94Weighted average common shares outstanding:  Basic

37,140

37,233

37,098

37,255  Diluted

37,230

37,314

37,172

37,347TECHNE CORPORATION

CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)ASSETS

6/30/11

6/30/10Cash and equivalents

$77,613

$  94,139Short-term available-for-sale investments

63,200

44,672Trade accounts receivable

35,914

30,850Other receivables

1,946

1,532Inventory

44,906

13,737Other current assets

6,838

16,110  Current assets

230,417

201,040Available-for-sale investments

131,988

171,171Property and equipment, net

95,398

97,400Goodwill and intangible assets, net

138,915

27,112Other non-current assets

20,952

22,093  Total assets

$617,670


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SOURCE Techne Corporation
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