Bio-Techne Corporation (NASDAQ:TECH) Q4 2023 Earnings Conference Call August 8, 2023 9:00 AM ET

Company Participants

David Clair – Vice President-Investor Relations

Chuck Kummeth – Chief Executive Officer

Jim Hippel – Chief Financial Officer

Will Geist – President-Protein Sciences Segment

Conference Call Participants

Puneet Souda – Leerink Partners

Patrick Donnelly – Citi

Jacob Johnson – Stephens

Dan Arias – Stifel

Dan Leonard – Credit Suisse

Catherine Schulte – Baird

Operator

Good morning, and welcome to the Bio-Techne Earnings Conference Call for the Fourth Quarter of Fiscal Year 2023. At this time all participants have been placed in listen-only mode and the call will be opened for questions following management's prepared remarks. During our Q&A session, please limit yourself to one question and a follow up.

I would now like to turn the call over to David Clair, Bio-Techne's Vice President, Investor Relations.

David Clair

Good morning and thank you for joining us. On the call with me this morning are Chuck Kummeth, Bio-Techne's Chief Executive Officer; Jim Hippel, Chief Financial Officer; Kim Kelderman, Diagnostic and Genomics Segment President; and Will Geist, Protein Sciences Segment President.

Before we begin, let me briefly cover our safe harbor statement. Some of the comments made during this conference call may be considered forward-looking statements, including beliefs and expectations about the company's future results. The company's 10-K for fiscal year 2022 identifies certain factors that could cause the company's actual results to differ materially from those projected in the forward-looking statements made during this call. The company does not undertake to update any forward-looking statements because of any new information or future events or developments. The 10-K as well as the company's other SEC filings are available on the company's website within its Investor Relations section.

During the call, non-GAAP financial measures may be used to provide information pertinent to ongoing business performance. Tables reconciling these measures to most comparable GAAP measures are available in the company's press release issued earlier this morning on the Bio-Techne Corporation website at www.bio-techne.com. Separately, we will be hosting an Investor Day on September 8 in New York City and also participating in the UBS, Baird and Morgan Stanley conferences in August and September. We look forward to connecting with many of you at these upcoming events.

I will now turn the call over to Chuck.

Chuck Kummeth

Thanks, Dave, and good morning, everyone. Thank you for joining us for our fourth quarter conference call. We finished our fiscal 2023 largely as expected with 5% fourth quarter organic growth nearing the growth we delivered for full fiscal 2023 and capped a year where we successfully navigated a transitory macroeconomic environment. I'm extremely proud of the team's ability to deliver this growth in the face of transitory headwinds, which we refer to as the COVID hangover that we faced for the majority of this past fiscal year.