BIO-RAD LABORATORIES, INC.

Bio-Rad Laboratories, Inc. is a multinational life science and clinical diagnostics company that develops, manufactures, and markets a broad portfolio of instruments, systems, reagents, and consumables. The company has direct operations in over 36 countries outside the United States, with sales efforts supplemented by distributors and agents in certain locations. Bio-Rad operates in two industry segments: Life Science and Clinical Diagnostics, both operating worldwide. For the year ended December 31, 2025, the Life Science segment generated approximately 40% of consolidated net sales, and the Clinical Diagnostics segment generated approximately 60%. Approximately 40% of consolidated net sales for the year ended December 31, 2025, came from the U.S., and approximately 60% from international locations, with Europe being the largest international region. The Life Science segment develops, manufactures, and markets instruments, systems, reagents, and consumables used to separate, purify, characterize, and quantify biological materials such as cells, proteins, and nucleic acids. These products are utilized in research and biopharmaceutical laboratory environments, biopharmaceutical manufacturing, quality control processes, food safety testing, and science education applications. This segment serves the research market, supporting scientific discovery from early research through clinical and applied use, offering thousands of life science products globally. The estimated worldwide sales of products in the markets served by this segment are approximately $19 billion. Principal customers include universities and medical schools, industrial research organizations, government agencies, pharmaceutical manufacturers, biotechnology companies, and food producers and testing laboratories. The Clinical Diagnostics segment designs, manufactures, markets, and supports diagnostic test systems, informatics solutions, test kits, and specialized quality controls for clinical laboratories in the global diagnostics market.