Bio-Techne reported a 5% increase in revenue to $289.5 million, with organic revenue growth of 4%. GAAP EPS was $0.21, while adjusted EPS increased to $0.42. The Diagnostics & Spatial Biology segment drove growth with a 14% organic increase.
First quarter organic revenue increased by 4% (5% reported) to $289.5 million.
GAAP earnings per share (EPS) was $0.21 versus $0.31 one year ago. Adjusted EPS was $0.42 compared to $0.41 one year ago.
The Diagnostics & Spatial Biology segment saw 14% organic growth.
There was continued uptake of cell and gene therapy workflow solutions, including growth in GMP reagent offerings.
No specific forward guidance was provided in the release.
Visualization of income flow from segment revenue to net income