Strong Organic Revenue Growth
Bio-Techne reported 6% organic revenue growth in a challenging macro environment, with a focus on profitability leading to an adjusted operating margin of 34.9%.
Pharma Segment Performance
The pharma segment showed low double-digit growth, driven by improved R&D pipelines and strong demand in the Protein Sciences segment with 7% organic revenue growth.
Protein Analytical Instrument Growth
The protein analytical instrumentation business, particularly the biologics platform Maurice, experienced double-digit growth driven by strong demand from pharma and CRO partners.
Diagnostics Growth
Year-to-date growth in diagnostic reagents was in the high-single digits, and the Asuragen portfolio saw low double-digit growth. The ExoDx prostate cancer test increased over 30% for the fiscal year-to-date.
Tariff Mitigation Strategies
Despite tariff challenges, Bio-Techne is well-positioned to mitigate impacts through optimization of global production and supply chain strategies, with expected full mitigation by the start of fiscal 2026.
Strong Financial Position
Bio-Techne reported $41.1 million in cash generated from operations, returned $12.6 million in dividends, and executed $100 million in stock buybacks. The company maintains a strong balance sheet with a total leverage ratio well below one time EBITDA.