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

$518,816LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities

$ 18,188

$  17,024Deferred taxes

13,360

0Stockholders' equity

586,122

501,792  Total liabilities and stockholders' equity

$617,670

$518,816TECHNE CORPORATION

RECONCILIATION of ORGANIC SALES

(In thousands)

(Unaudited)QUARTER ENDED

FISCAL YEAR ENDED6/30/11

6/30/10

6/30/11

6/30/10Net sales

$78,038

$66,714

$289,962

$269,047Organic sales adjustments:Acquisitions

(4,683)

0

(4,683)

0Impact of foreign currency fluctuations

(2,328)

0

(466)

0Organic sales

$71,027

$66,714

$284,813

$269,047TECHNE CORPORATION

RECONCILIATION of NET EARNINGS and EARNINGS per SHARE

(In thousands, except per share data)

(Unaudited)QUARTER ENDED

FISCAL YEAR ENDED6/30/11

6/30/10

6/30/11

6/30/10Net earnings

$28,331

$25,895

$112,302

$109,776Identified adjustments:Costs recognized upon sale of acquired inventory

1,835

0

1,835

0Amortization of intangibles

954

240

1,465

960Professional fees and other acquisition related costs

1,256

0

1,735

0Tax benefit from repatriation of cash

0

0

0

(4,660)4,045

240

5,03
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SOURCE Techne Corporation
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