Bio-Techne Corp
NASDAQ:TECH

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Bio-Techne Corp Logo
Bio-Techne Corp
NASDAQ:TECH
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Price: 58.51 USD -2.9% Market Closed
Market Cap: 9.1B USD

Bio-Techne Corp
Investor Relations

Bio-Techne Corp. began its journey with a clear focus: to bridge the gap between biological research and practical applications, a mission that it continues to pursue with zeal. At its core, Bio-Techne operates as a pioneer in the production and distribution of biotechnology products, catering to the needs of the scientific community across the globe. The company specializes in providing essential tools for life sciences research, including proteins, antibodies, and reagents, empowering researchers to explore and innovate in fields ranging from cancer biology to neuroscience. These offerings are developed with meticulous care and a deep understanding of the scientific process, which positions Bio-Techne as a trusted ally to laboratories and research institutions worldwide.

The financial heartbeat of Bio-Techne lies in its diverse portfolio, which extends into clinical diagnostics and genomics, segments that are critical in an era of personalized medicine and rapid technological advancement in healthcare. The company's revenue streams are robust, driven by a strategic blend of direct sales and collaborations with major pharmaceutical and biotech companies. Furthermore, Bio-Techne smartly leverages its acquisitions to fortify its market position, enhancing its capabilities and expanding its product lines. This agility and foresight not only enable Bio-Techne to sustain its growth trajectory but also to continually meet the ever-evolving demands of a fast-paced, innovation-driven industry.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Nov 5, 2025
AI Summary
Q1 2026

Revenue: Q1 revenue was $286.6 million, down 1% year-over-year, mainly due to timing from large cell therapy customers and continued biotech funding softness.

Cell Therapy Headwind: Timing of purchases from two major cell therapy customers, linked to FDA Fast Track status, created a significant temporary headwind in the quarter and will intensify in Q2.

Margins: Adjusted operating margin expanded 90 basis points year-over-year to 29.9%, exceeding expectations, driven by productivity and cost management.

Guidance: Management reaffirmed expectations for low single-digit revenue growth for fiscal 2026 and at least 100 basis points of margin expansion for the year.

Market Trends: Large pharma demand remains strong, biotech funding shows early signs of improvement, and academic markets are stabilizing, with positive signals from China and spatial biology.

Wilson Wolf: The Wilson Wolf business was flat for the quarter but is expected to accelerate as market conditions improve.

Q2 Outlook: Similar organic growth to Q1 is expected in Q2, with cell therapy headwinds easing in the second half and overall positive growth anticipated in the latter part of the year.

Key Financials
Revenue
$286.6 million
EPS
$0.24
Adjusted EPS
$0.42
Adjusted Gross Margin
70.2%
Adjusted SG&A as % of Revenue
32.1%
R&D Expense as % of Revenue
8.2%
Adjusted Operating Margin
29.9%
Operating Cash Flow
$27.6 million
Net Capital Expenditures
$5.4 million
Dividends Returned to Shareholders
$12.4 million
Average Diluted Shares Outstanding
156.4 million
Cash
$145 million
Bank Debt
$300 million
Adjusted Effective Tax Rate
22.3%
Protein Sciences Revenue
$202.2 million
Protein Sciences Operating Margin
38.4%
Diagnostics and Spatial Biology Revenue
$79.5 million
Diagnostics and Spatial Biology Operating Margin
11.2%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Kim Kelderman
CEO, President & Director
No Bio Available
Mr. James T. Hippel CPA
Executive VP of Finance & CFO
No Bio Available
Mr. Shane Bohnen
Senior VP, General Counsel, Corporate Secretary & Chief Sustainability Officer
No Bio Available
Mr. William A. Geist
President of Protein Sciences Segment
No Bio Available
Dr. Matthew F. McManus M.D., MBA, Ph.D.
President of Diagnostics & Genomics
No Bio Available
Dr. Gary J. Latham Ph.D.
VP & CTO
No Bio Available
Mr. David Clair C.F.A.
Senior Director of Investor Relations & Corporate Development
No Bio Available
Mr. Gerry Andros
Vice President of Sales and Marketing
No Bio Available
Mr. Martin Wirtz
Senior Vice President of Strategy & Corporate Development
No Bio Available
Ms. Cheryl Bethune
Senior VP & Chief Human Resources Officer
No Bio Available

Contacts

Address
MINNESOTA
Minneapolis
614 McKinley Pl NE
Contacts
+16123798854.0
www.bio-techne.com