Neogen

Neogen Corp. engages in the development, manufacture, and sale of products dedicated to food and animal safety. It operates through the following segments: Food Safety and Animal Safety. The Food Safety segment consists of diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens, drug residues, and levels of general sanitation. The Animal Safety segment includes a line of consumable products marketed to veterinarians and animal health product distributors. The company was founded on June 30, 1981 and is headquartered in Lansing, MI.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Neogen reports robust Q2 earnings, targets $1B revenue by 2025

Neogen's Q2 2023 earnings call highlighted impressive revenue growth, improved margins, and strategic focus on integration and customer service.
While facing challenges related to increased debt levels and operational complexities, Neogen aims for ambitious revenue and EBITDA targets by 2025.
The company's performance underscores its potential for continued success in the Food Safety and Animal Safety segments through organic growth and financial discipline.

Neogen reports robust Q3 earnings, focuses on data analytics growth

Neogen's Q3 performance reflects strong revenue growth and strategic focus on data analytics for food security. While challenges exist in certain business segments, the company remains optimistic about long-term opportunities and integration synergies.

Neogen reports stellar Q4 results, eyes growth through integration

Neogen's Q4 2023 earnings call highlighted robust financial performance, successful integration of acquired divisions, and strategic outlook for fiscal '24. The company's focus on growth, innovation, and market expansion positions it well for continued success in the food safety and animal health sectors.

Neogen reports robust Q1 earnings, eyes growth amid regional challenges

Neogen's Q1 2024 showed strong revenue growth but faced challenges in core revenue.
The company highlighted progress in key segments like Food Safety and genomics.
Efficiency issues from ERP implementation impacted revenue timing.
Management remains optimistic about the full-year outlook despite regional challenges.

Neogen reports flat Q2 revenues, focuses on integration and market challenges

Neogen's Q2 performance was mixed, with strengths in certain segments and challenges in others. The company remains optimistic about its long-term prospects despite market headwinds.

Neogen reports improved margins in Q3 despite integration challenges

Neogen's Q3 2024 performance showed improvements in gross margin and EBITDA, but challenges with shipping inefficiencies and integration impacted revenue growth. The company is focused on resolving operational inefficiencies and regaining lost customers to achieve long-term growth goals.

Neogen reports Q4 revenue growth but faces EBITDA margin decline

Neogen's Q4 showed mixed performance with revenue growth but declining EBITDA margins.
The company faces challenges in the soft food safety end market and supply constraints.
However, Neogen is focusing on innovation and underpenetrated markets for future growth.

Neogen reports Q1 revenue decline, focuses on food safety growth

Neogen's Q1 performance showed mixed results with revenue decline and EBITDA pressure.
The company's strengths lie in its strategic positioning in food safety and customer-focused approach.
Challenges persist in certain segments, requiring operational adjustments for sustained growth.
Identified opportunities in geographic expansion and strategic investments can drive future success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Neogen Corp. engages in the provision of development, manufacture, and marketing of food and animal safety products. It operates through the Food Safety and Animal Safety segments. The Food Safety segment consists of diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens, drug residues, and levels of general sanitation. The Animal Safety segment includes a line of consumable products marketed to veterinarians and animal health product distributors. The company was founded on June 30, 1981 and is headquartered in Lansing, MI.

The combination of Neogen (NEOG) and 3M's Food Safety division will capitalize on the ongoing growth trends in sustainability, food safety and supply chain integrity.

Neogen (NEOG) Finalizes Food Safety Business Merger With 3M

Combination creates an innovative leader in the food safety sector with a comprehensive product range and a strategic focus on the category's long-term growth opportunities LANSING, Mich. , Sept. 1, 2022 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) announced today that it has completed the previously announced merger with 3M's Food Safety business to create an innovative leader in the food safety sector with a comprehensive product range and a strategic focus on the category's long-term growth opportunities.

Neogen Completes 3M Food Safety Business Merger

3M MMM, -0.41% said Thursday it has received a total of about 214.2 million shares of common stock in its split-off exchange offer to shareholders to exchange their shares for shares of Garden SpinCo Corp. The exchange offer was part of the company's previously announced plan to spin off its healthcare business and create two listed companies. The SpinCo was created to hold the food and safety business ahead of a merger with a unit of Neogen Corp., which is expected to close later Thursday.

3M announces preliminary results of split-off exchange offer, expects Neogen deal to close later Thursday

LANSING, Mich. , Aug. 17, 2022 /PRNewswire/ -- Neogen Corporation ("Neogen") (NASDAQ: NEOG) announced that, at the special meeting of Neogen shareholders held today, Neogen shareholders voted to approve all proposals required in connection with the pending combination of the food safety business of 3M Company ("3M") (NYSE: MMM) with Neogen, including the issuance of shares of Neogen common stock pursuant to the Agreement and Plan of Merger, dated as of December 13, 2021, among Neogen, 3M, Nova RMT Sub, Inc., a wholly owned subsidiary of Neogen, and Garden SpinCo Corporation, currently a wholly owned subsidiary of 3M, and certain amendments to Neogen's organizational documents.

Neogen Shareholders Approve All Proposals Required for Combination with 3M's Food Safety Business

Neogen has seen its share price cut in half since it announced the merger with the 3M Food Safety business. Both businesses were valued too rich to start with.

Neogen: Cut In Half, Still Some Questions

ST. PAUL, Minn. , Aug. 4, 2022 /PRNewswire/ -- 3M Company (" 3M ") (NYSE: MMM) announced today the commencement of an exchange offer to effect the separation of its food safety business (the "Food Safety Business"), in furtherance of the previously announced Reverse Morris Trust transaction with Neogen Corporation ("Neogen") (NASDAQ: NEOG) through the merger of Garden SpinCo Corporation ("SpinCo"), currently a wholly-owned subsidiary of 3M formed to hold the Food Safety Business, with a subsidiary of Neogen (the "Merger").

3M Commences Split-Off Exchange Offer for Food Safety Business

Neogen (NEOG) delivers better-than-expected results for the fiscal fourth quarter, with robust segmental performance driving the top line.

Neogen (NEOG) Q4 Earnings Top Estimates, Gross Margin Up

Neogen Corporation (NASDAQ:NEOG ) Q4 2022 Earnings Conference Call July 26, 2022 11:00 AM ET Company Participants John Adent - President and CEO Steve Quinlan - Chief Financial Officer Conference Call Participants Andrew Brackmann - William Blair Operator Good morning. And welcome to the Neogen Corporation Fourth Quarter and Full Year 2022 Conference Call.

Neogen Corporation's (NEOG) CEO John Adent on Q4 2022 Results - Earnings Call Transcript

Neogen (NEOG) delivered earnings and revenue surprises of 12.50% and 1.25%, respectively, for the quarter ended May 2022. Do the numbers hold clues to what lies ahead for the stock?

Neogen (NEOG) Q4 Earnings and Revenues Beat Estimates

Company reports strong growth across Food and Animal Safety segments Gross margins improved quarter over quarter and year over year Fourth quarter EPS of $0.14; adjusted EPS of $0.18 3M Food Safety transaction on track to close in the third quarter of calendar year 2022 LANSING, Mich. , July 26, 2022 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) announced today the results of its fourth quarter and full 2022 fiscal year, which ended May 31.

Neogen Announces Record Revenues for Fiscal 2022

LANSING, Mich. , July 20, 2022 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) held a ceremonial groundbreaking in anticipation of approvals on a $70 million expansion of their Lansing, Michigan, food safety facility.

Neogen Ceremonially Breaks Ground on $70 Million Lansing Expansion

LANSING, Mich. , July 7, 2022 /PRNewswire/ -- Neogen Corporation ("Neogen") (NASDAQ: NEOG) announced today that on July 6, 2022 Garden SpinCo Corporation ("SpinCo"), a direct wholly-owned subsidiary of 3M Company ("3M"), priced an offering of $350.0 million aggregate principal amount of 8.625% senior notes due 2030 (the "Notes") in a private placement at par.

Neogen Announces Pricing of $350.0 Million Senior Notes Offering and Entry into $800.0 Million Senior Secured Credit Agreement by Garden SpinCo Corporation

Acquisition expands the company's growth opportunities in Southeast Asia LANSING, Mich. , July 6, 2022 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) announced today that it has acquired Thai-Neo Biotech Co., Ltd.

Neogen Acquires Distributor in Thailand

New York, New York--(Newsfile Corp. - June 21, 2022) - Juan Monteverde, founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating NEOGEN Corp. ("NEOG" or the "Company") (NASDAQ: NEOG), relating to its merger with 3M Co. Under the...

The M&A Class Action Firm Continues to Investigate NEOGEN Corp. - NEOG

Neogen's (NEOG) newest addition to the biosecurity portfolio is anticipated to curb the spread of diseases like COVID-19 and avian influenza.

Neogen (NEOG) to Offer New Biosecurity Solution in Canada

New approval of disinfectant expands Neogen's Canadian biosecurity portfolio LEXINGTON, Ky. , June 6, 2022 /PRNewswire/ -- Neogen® Corporation (NASDAQ: NEOG) announced today that the Natural and Non-Prescriptive Health Products Directorate Branch of Health Canada has granted approval for the distribution of Neogen® Viroxide Super™ in Canada.

Neogen® Viroxide Super™ Approved for Canadian Distribution

NEOGEN's (NEOG) insect control solution for poultry producers is the latest addition to the company's Prozap product line.

NEOGEN (NEOG) Launches Insecticide for Poultry Producers

Micro-encapsulated, slow-release insecticide protects poultry from common pests LEXINGTON, Ky. , June 1, 2022 /PRNewswire/ -- Neogen® Corporation (NASDAQ: NEOG) announced today that it has added a new insect control solution for poultry producers to its Prozap® product line.

Neogen® Launches Prozap® Gamma-Defense Insect Control Solution

New assay provides enhanced detection of high-priority peanut allergen in a wide variety of matrices LANSING, Mich. , May 18, 2022 /PRNewswire/ -- Neogen® Corporation (NASDAQ: NEOG) announced today that the company has released an enhanced version of the Veratox® for Peanut allergen test, which optimizes sensitivity and flexibility across sample types while maintaining the rapid time-to-result and simple testing procedure standards set by the Veratox product line.

Neogen® Launches Enhanced Quantitative Peanut ELISA Assay

NEOGEN's (NEOG) recent launch enables simultaneous low-pass whole genome sequencing and high-coverage genotyping at regions of interest.

NEOGEN (NEOG) Introduces InfiniSEEK for Cattle Breeders

InfiniSEEK's unique technology enables simultaneous low-pass whole genome sequencing and high-coverage genotyping at regions of interest.  LINCOLN, Neb.

NEOGEN® and Gencove Launch InfiniSEEK™ -- The First Whole Genome and Genotyping Sequencing Solution for Cattle Breeders

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of NEOGEN Corporation (“the Company”) (NasdaqGS: NEOG) with 3M (NYSE: MMM) pursuant to which shareholders of NEOGEN will own only approximately 49.9% of the combined company. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger undervalues the Company

NEOGEN INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of NEOGEN Corporation - NEOG

The companies utilized data collected in the Physicians' Health Study to pioneer landmark research for longevity science LINCOLN, Neb. , April 29, 2022 /PRNewswire/ -- NEOGEN Corporation (NASDAQ: NEOG) and FOXO Technologies, Inc. ("FOXO") — a technology company applying epigenetic science and AI to modernize the life insurance industry — collaborated on an extensive research project examining the association between epigenetic aging and numerous behavioral, lifestyle, dietary and clinical risk factors, as well as major morbidity and mortality outcomes.

NEOGEN and FOXO Technologies Combine on Epigenetic Research Project

Certification allows the global leader in high-throughput DNA testing to conduct human genome testing LINCOLN, Neb. , April 27, 2022 /PRNewswire/ -- NEOGEN Corporation (NASDAQ: NEOG) announced today that its genomics business located in Lincoln, Nebraska, has received a CLIA (Clinical Laboratory Improvement Amendments) Certificate of Compliance from the Center for Medicare & Medicaid Services (CMS).

NEOGEN Genomics Earns CLIA Certificate of Compliance

NEOGEN's (NEOG) latest Prozap Protectus Pour-On Insecticide- IGR product relieves cattle from infestations.

News for Neogen Stock (NEOG)