Bio-Techne Q1 Profit Rises; Organic Growth In Sales At 10%

(RTTNews) - Bio-Techne Corp. (TECH) reported first-quarter adjusted earnings per share of $0.98, an increase of 9% over the prior year. GAAP EPS was $0.45 versus $0.42 one year ago, an increase of 7%.

Net sales for the first quarter increased 13% to $163.0 million. Organic growth was 10% compared to the prior year.

Chuck Kummeth, CEO, said: "Results were especially strong in our Protein Sciences segment with exceptional commercial execution in both our reagent and analytical solutions business units. Europe, in particular, continues to exceed our expectations with double digit growth for the past two years."