NASDAQ$TECH

Bio-Techne Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Bio-Techne team delivered strong organic growth and profitability.

Bio-Techne reported a strong fourth quarter with a 39% increase in organic revenue and an adjusted operating margin of 38.5%. The company's Protein Sciences and Diagnostics and Genomics segments achieved record organic growth. Management sees continued momentum as they penetrate the life science markets.

  • Fourth quarter organic revenue increased by 39% (47% reported) to $259.0 million.
  • GAAP EPS was $0.37 versus $1.48 one year ago. Adjusted EPS of $1.87 versus $1.00 one year ago.
  • Adjusted Operating Margin increased to 38.5% in the fourth quarter of fiscal 2021 compared to 31.1% in the fourth quarter of fiscal 2020.
  • Protein Sciences and Diagnostics and Genomics achieving record organic growth of 46% and 22%, respectively.

Headline financials

Total Revenue

$259M

Previous: $176M+47.3%
EPS (adj)

$0.47

Previous: $0.25+88.0%
Capital Expenditures

$11.3M

Previous: $17.4M-34.9%
Free Cash Flow

$111M

Previous: $27.4M+303.8%
Net Income

$0.00

Previous: $0.00
Operating Income

$68.6M

Previous: $39.3M+74.6%
Gross Profit

$176M

Previous: $113M+55.3%
Cash & Equivalents

$199M

Previous: $147M+35.8%
Total Assets

$2.26B

Previous: $2.03B+11.6%
Stock-Based Comp

$9.81M

Previous: $6.02M+63.0%

Revenue & EPS history

Bio-Techne · Revenue · Quarterly

$259M

Q4 2021+47.3%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Bio-Techne · $192M total across 1 segment · Q4 2021

  • Protein Sciences
    $192M+51.1%

Forward guidance

Bio-Techne sees continued momentum as they increase their penetration into the life science markets they serve, and their businesses reach and exceed the tipping points in size necessary to accelerate growth.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.8%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+1.8%

Avg return

30 days after

58%

39 / 67 earnings

Positive

+19.6%

Q3 2024

Best reaction

-9.0%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+0.0%-18.3%-8.1%
Q2 2026+4.8%+1.3%-16.6%
Q1 2026-1.9%-6.0%+0.9%
Q3 2025+2.2%+13.0%+2.0%
Q2 2025+3.7%-3.6%-11.3%
Q1 2025+4.3%+7.3%+6.5%
Q4 2024-6.4%-8.5%-8.8%
Q3 2024+19.6%+20.3%+22.1%
Q2 2024-6.2%-4.2%+5.8%
Q1 2024-6.7%+3.7%+11.1%
Q4 2023+2.1%+3.8%-9.0%
Q3 2023+4.8%+2.6%+3.5%
Q2 2023-2.6%-3.5%-3.7%
Q1 2023+0.6%+2.5%+16.7%
Q4 2022-2.3%-7.8%-15.8%
Q3 2022+0.7%-9.5%-5.3%
Q2 2022+11.0%+8.9%+11.5%
Q1 2022-3.9%-5.3%-11.0%
Q4 2021-1.0%-4.7%+5.4%
Q3 2021+1.5%-0.3%+1.8%
Q2 2021+8.3%+11.9%+2.3%
Q1 2021+13.2%+12.4%+14.8%
Q4 2020-3.9%-4.7%-10.1%
Q3 2020+7.7%+16.5%+25.4%
Q2 2020-0.3%-3.0%-6.4%
Q1 2020+0.0%+0.6%+6.1%
Q4 2019-4.6%-3.7%-4.8%
Q3 2019+3.0%+4.8%-0.7%
Q2 2019+5.3%+3.3%+7.3%
Q1 2019-5.5%-4.1%-8.5%
Q4 2018+5.0%+5.8%+12.8%
Q3 2018-2.8%-1.4%+0.1%
Q2 2018+3.0%+0.8%+8.6%
Q1 2018+3.8%+4.6%+9.0%
Q4 2017-1.5%+1.1%+3.8%
Q3 2017+2.0%+3.0%+5.3%
Q2 2017-1.0%+2.3%+6.2%
Q1 2017+0.3%-1.6%+4.3%
Q4 2016-3.4%-2.8%-2.6%
Q3 2016+7.1%
Q2 2016+4.9%
Q1 2016-9.0%
Q4 2015-2.3%
Q3 2015+1.6%
Q2 2015-3.2%
Q1 2015-2.8%
Q4 2014+0.2%
Q3 2014+8.1%
Q2 2014-4.4%
Q1 2014+0.7%
Q4 2013+4.1%
Q3 2013+0.4%
Q2 2013-2.2%
Q1 2013-4.3%
Q4 2012-3.8%
Q3 2012+0.5%
Q2 2012+2.2%
Q1 2012-5.3%
Q4 2009+1.4%
Q4 2011+1.4%
Q3 2011+0.5%
Q3 2010+0.5%
Q2 2011-0.8%
Q1 2011+0.6%
Q4 2010+0.6%
Q1 2010+0.6%
Q2 2010+0.6%

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