Bio-Techne (TECH) Tops Q3 EPS by 14c

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Go back to Bio-Techne (TECH) Tops Q3 EPS by 14c

BIO-TECHNE RELEASES THIRD QUARTER FISCAL 2022 RESULTS

May 4, 2022 6:30 AM EDT

MINNEAPOLIS, May 4, 2022 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH) today reported its financial results for the third quarter ended March 31, 2022.

Third Quarter FY2022 Highlights

Third quarter organic revenue increased by 17% (19% reported) to $290.4 million and 18% (22% reported) in the first nine months of fiscal 2022 to $817.4 million. GAAP EPS was $1.48 versus $1.12 one year ago. Delivered record adjusted earnings per share (EPS) of $2.14 versus $1.80 one year ago. Excellent commercial execution in both operating segments with Protein Sciences delivering organic growth of  16% (15% reported) and Diagnostics and Genomics achieving 19% (34% reported) organic growth.... More