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

5

(3,700)Tax impact of adjustments

(797)

(86)

(1,119)

(346)3,248

154

3,916

(4,046)Net earnings – Adjusted for identified items

$31,579

$26,049

$116,218

$105,730Earnings per share – Diluted – Adjusted

$   0.85

$   0.70

$  3.13

$   2.83TECHNE CORPORATION

RECONCILIATION of GROSS MARGIN PERCENTAGES

(Unaudited)QUARTER ENDED

FISCAL YEAR ENDED6/30/11

6/30/10

6/30/11

6/30/10Gross margin percentage

76.4%

79.1%

77.6%

79.6%Identified adjustments:Costs recognized upon sale of acquired inventory

2.4%

0.0%

0.6%

0.0%Amortization of intangibles

0.7%

0.2%

0.3%

0.2%Gross margin percentage – Adjusted

79.5%

79.3%

78.5%

79.8%TECHNE CORPORATION

RECONCILIATION of SELLING, GENERAL and ADMINISTRATIVE EXPENSES

(In thousands)

(Unaudited)QUARTER ENDED

FISCAL YEAR ENDED6/30/11

6/30/10

6/30/11

6/30/10Selling, general and administrative expenses

$10,562

$7,595

$35,896

$32,700Identified adjustments:Acquired companies' expense, excluding intangible amortization

(945)

0

(945)

0Professional fees and other acq
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SOURCE Techne Corporation
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