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Techne Corporation Releases Unaudited Third Quarter and Nine Month Fiscal Year 2012 Results
Date:5/1/2012

)

(263)Tax impact of reversal of valuation allowance

(3,016)

0

(3,016)

01,392

244

6,046

459Net earnings – adjusted for identified  items

$33,148

$31,308

$91,136

$84,430Adjusted growth

5.9%7.9%Earnings per share – Diluted – adjusted

$0.90

$   0.84

$2.46

$
2.27TECHNE CORPORATION

RECONCILIATION of GROSS MARGIN PERCENTAGES

(Unaudited)QUARTER ENDEDNINE MONTHS ENDED3/31/12

3/31/11

3/31/12

3/31/11Gross margin percentage

75.8%

79.1%

75.0%

78.0%Identified adjustments:Costs recognized upon sale of acquired inventory

2.3%

0.0%

2.5%

0.0%Amortization of intangibles

0.9%

0.1%

1.0%

0.2%Gross margin percentage – adjusted

79.0%

79.2%

78.5%

78.2%TECHNE CORPORATION

RECONCILIATION of SELLING, GENERAL and ADMINISTRATIVE EXPENSES

(In thousands)

(Unaudited)QUARTER ENDEDNINE MONTHS ENDED3/31/12

3/31/11

3/31/12

3/31/11Selling, general and administrative expenses

$9,899

$9,295

$31,323

$25,335Identified selling, general and administrative expense adjustments:Acquire
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SOURCE Techne Corporation
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