Bio-Techne reports Q4 adjusted EPS 49c, consensus 49c

Reports Q4 revenue $306.1M, consensus $306.49M. “I am extremely proud of our team’s dedication and execution in stabilizing, yet still challenging end-markets.” said Kim Kelderman, President and Chief Executive Officer of Bio-Techne. “We achieved another quarter of solid financial results while experiencing continued stabilization in both our biopharma and China end-markets, and strong performance in our diagnostic product businesses. We delivered this top-line result with a continued focus on profitability, which resulted in a 33.5% adjusted operating margin, representing a 50 basis-point sequential improvement.”