Bio-Rad Labs (BIO) Tops Q1 EPS by $1.54

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Go back to Bio-Rad Labs (BIO) Tops Q1 EPS by $1.54

Bio-Rad Reports First-Quarter 2022 Financial Results

April 28, 2022 4:15 PM EDT

HERCULES, Calif.--(BUSINESS WIRE)-- Bio-Rad Laboratories, Inc. (NYSE: BIO and BIOb), a global leader in life science research and clinical diagnostic products, today announced financial results for the first quarter ended March 31, 2022.

First-quarter 2022 net sales were $700.1 million, a decrease of 3.7 percent compared to $726.8 million reported for the first quarter of 2021. On a currency-neutral basis, quarterly sales decreased 0.8 percent compared to the same period in 2021. COVID-related revenue was approximately $45 million in the first quarter of 2022 versus $94 million in the year ago period. Excluding COVID-related sales, revenue increased 6.5% on a currency neutral basis.

First-quarter gross margin was 57.6 percent... More