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Sep 30, 2021

Bio-Techne Q1 2022 Earnings Report

Bio-Techne's Q1 2022 earnings were released, showcasing strong organic growth and increased profitability.

Key Takeaways

Bio-Techne reported a strong start to fiscal year 2022, with a 26% increase in net sales to $257.7 million and organic revenue growth of 21%. GAAP EPS was $1.69, up from $0.83 in the same quarter last year, and adjusted EPS increased to $1.83 from $1.43. The company experienced broad strength across its portfolio, particularly in the Protein Sciences segment, and made significant progress in its Cell and Gene Therapy initiatives.

Organic revenue increased by 21% to $257.7 million.

GAAP EPS was $1.69, compared to $0.83 in the prior year.

Adjusted EPS was $1.83, up from $1.43 in the prior year.

Protein Sciences segment achieved 26% organic growth.

Total Revenue
$258M
Previous year: $204M
+26.2%
EPS
$0.46
Previous year: $0.36
+27.8%
Organic Sales Growth
21%
Previous year: 10%
+110.0%
Gross Profit
$171M
Previous year: $138M
+24.2%
Cash and Equivalents
$196M
Previous year: $169M
+15.9%
Free Cash Flow
$42.4M
Previous year: $55.1M
-23.1%
Total Assets
$2.27B
Previous year: $2.05B
+10.6%

Bio-Techne

Bio-Techne

Bio-Techne Revenue by Segment

Forward Guidance

No forward guidance provided in this report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income