Bio-Techne (TECH) Tops Q2 EPS by 6c
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February 2, 2016 7:01 AM EST
MINNEAPOLIS, Feb. 2, 2016 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH) announced that its Board of Directors has decided to pay a dividend of $0.32 per share for the quarter ended December 31, 2015. The quarterly dividend will be payable February 26, 2016 to all common shareholders of record on... More
February 2, 2016 7:01 AM EST
MINNEAPOLIS, Feb. 2, 2016 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH) today reported its financial results for the second quarter ended December 31, 2015.
Second Quarter 2016 Highlights
Second quarter organic revenue increased by 6% (8% reported) to $120.9 million.
Delivered second quarter adjusted earnings of $32.8 million and adjusted earnings per share (EPS) of $0.88, an increase of 3% from the prior year, with foreign currency exchange headwinds impacting results by ($0.06) or (7%).
Generated record operating cash flow of $38.5 million.
Continued the trend of double-digit revenue growth in China, reporting 30% constant currency growth in this geography....
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