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

2.5% 

 

TECHNE CORPORATION

RECONCILIATION of NET EARNINGS and EARNINGS per SHARE

(In thousands, except per share data)

(Unaudited)QUARTER ENDED

SIX MONTHS ENDED12/31/12

12/31/11

12/31/12

12/31/11Net earnings

$25,364

$25,813

$51,032

$53,334Identified adjustments:Costs recognized upon sale of acquired inventory

1,196

1,767

2,464

3,915Amortization of intangibles

1,282

1,268

2,554

2,553Tax impact of above adjustments

(667)

(858)

(1,346)

(1,826)1,811

2,177

3,672

4,642Net earnings – adjusted for identified  items

$27,175

$27,990

$54,704

$57,976Adjusted growth

(2.9%)

5.1%

(5.6%)

9.1%Earnings per share – Diluted – adjusted

$   0.74

$
.76

$   1.48

$
.56 

 

TECHNE CORPORATION

RECONCILIATION of GROSS MARGIN PERCENTAGES

(Unaudited)QUARTER ENDED

SIX MONTHS ENDED12/31/12

12/31/11

12/31/12

12/31/11Gross margin percentage

73.6%

73.9%

73.8%

74.6%Identified adjustments:Costs recognized upon sale of acquired inventory

1.6%

2.4%

1.6%

2.6%Amortization of intangibles

1.0%

1.0%

1.0%

1.0%Gross margin percentage – adjusted

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SOURCE Techne Corporation
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