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Techne Corporation Releases Unaudited Second Quarter And Six Month Fiscal Year 2013 Results
Date:2/5/2013

ase to their most directly comparable GAAP financial measures as provided with the financial statements attached to this press release

Techne Corporation has two operating subsidiaries:  Research and Diagnostic Systems, Inc. (R&D Systems) of Minneapolis, Minnesota and R&D Systems Europe, Ltd. (R&D Europe) of Abingdon, England.  R&D Systems is a specialty manufacturer of biological products.  R&D Systems has three subsidiaries:  BiosPacific, Inc. (BiosPacific), located in Emeryville, California, Boston Biochem, Inc., located in Cambridge, Massachusetts, and R&D Systems China Co. Ltd., (R&D China), located in Shanghai, China.  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 Holdings 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.

 

 

TECHNE CORPORATION

CONSOLIDATED STATEMENTS OF EARNINGS

(In thousands, except per share data)

(Unaudited)QUARTER ENDED

SIX MONTHS ENDED12/31/12

12/31/11

12/31/12

12/31/11Net sales

$75,083

$74,662

$150,108

$152,258Cost of sales

19,820

19,492

39,262

38,701Gross margin

55,263

55,170

110,846

113,557Operating expenses:Selling, general and administrative

10,956

10,651

21,284

21,424Research and development

7,403

6,837

14,855

13,504Total operating expenses

18,359

17,488

36,139

34,928Oper
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SOURCE Techne Corporation
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