Bio-Techne Corporation reported its financial results for the fiscal year ending June 30, 2026, revealing a consolidated net sales figure of $1.215 billion, which remained flat compared to the previous fiscal year. The Protein Sciences segment generated $874.6 million in sales, a slight increase of 1% from the prior year, while the Diagnostics and Spatial Biology segment saw a 3% decline, totaling $336.4 million. The company’s net earnings for the fiscal year surged by 148% to $181.9 million, primarily due to a non-recurring impairment charge and arbitration award from the previous year, alongside a recovery of assets held-for-sale.
In terms of operational changes, Bio-Techne completed the acquisition of Lunaphore Technologies SA for $169.7 million in July 2023, enhancing its capabilities in spatial biology solutions. The company also made a strategic investment in Wilson Wolf Corporation, acquiring a 19.9% stake, with plans to acquire the remaining ownership by the end of 2027, contingent on financial performance milestones. These acquisitions align with Bio-Techne's strategy to expand its product offerings and market presence.
The company reported a total employee headcount of approximately 3,000 as of June 30, 2026, with a focus on fostering a culture of empowerment, passion, innovation, and collaboration. Bio-Techne's commitment to employee engagement is reflected in a favorable response rate of 77% from its annual engagement survey, indicating a strong workplace culture. The company also emphasized its ongoing investment in research and development, introducing over 1,900 new products during the fiscal year.
Looking ahead, Bio-Techne is navigating a pending merger with Merck KGaA, which is expected to close by late 2026 or early 2027, subject to regulatory approvals and shareholder consent. The merger agreement stipulates a cash consideration of $73.00 per share for shareholders. The company anticipates that the merger will enhance its operational capabilities and market reach, although it may also introduce uncertainties regarding employee retention and business relationships during the transition period. Bio-Techne remains focused on leveraging its strong financial position to capitalize on growth opportunities in the life sciences sector.
About BIO-TECHNE Corp
Bio-Techne Corporation develops, manufactures, and sells life science reagents, instruments, and diagnostic products for research, diagnostics, and bioprocessing markets worldwide. Its two main segments—Protein Sciences and Diagnostics & Spatial Biology—offer biological reagents, protein analysis tools, molecular diagnostics, and spatial biology solutions. Serving academic, pharmaceutical, biotech, and clinical customers, Bio-Techne leverages innovation, quality manufacturing, and a broad global distribution network to support scientific discovery and disease diagnosis.
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