Bio-Techne (TECH) Tops Q1 EPS by 34c, Revenues Beat

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Bio-Techne Releases First Quarter Fiscal 2021 Results

November 5, 2020 6:30 AM EST

MINNEAPOLIS, Nov. 5, 2020 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH) today reported its financial results for the first quarter ended September 30, 2020.

First Quarter FY2021 Snapshot

First quarter organic revenue increased by 10% (11% reported) to $204.2 million. GAAP EPS was $0.83 versus $0.37 one year ago. Delivered adjusted earnings per share (EPS) of $1.43, an increase of 35% over the prior year. Diagnostics and Genomics segment delivered 17% organic growth (18% reported), highlighted by growth in RNAscope products. Adjusted operating margin increased to 38.2% in the first quarter of fiscal 2021 compared to 31.8% in the prior... More