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

n 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 ENDEDNINE MONTHS ENDED3/31/12

3/31/11

3/31/12

3/31/11Net sales

$83,621

$76,271

$235,879

$211,924Cost of sales

20,238

15,941

58,939

46,618Gross margin

63,383

60,330

176,940

165,306Operating expenses:Selling, general and administrative

9,899

9,295

31,323

25,335Research and development

7,122

6,297

20,626

19,519Total operating expenses

17,021

15,592

51,949

44,854Operating income

46,362

44,738

124,991

120,452Other income (expense):Interest income

470

1,067

1,996

2,934Impairment losses on investments in unconsolidated entities

(3,254)

0

(3,254)

0Other non-operating expense, net

(373)

(421)

(2,155)

(1,376)Total other (expense) income

(3,157)

646

(3,413)

1,558Earnings before income taxes

43,205

45,384

121,578

122,010Income taxes

11,449

14,320

36,488

38,039Net earnings

$31,756

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SOURCE Techne Corporation
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