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

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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.

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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.

While the top- and bottom-line numbers for Neogen (NEOG) give a sense of how the business performed in the quarter ended August 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Neogen (NEOG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Neogen (NEOG) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Here's Why Neogen (NEOG) is Poised for a Turnaround After Losing -14.43% in 4 Weeks

Neogen Corporation (NASDAQ:NEOG ) Q1 2024 Earnings Call Transcript October 10, 2023 8:00 AM ET Company Participants Bill Waelke - Head, Investor Relations John Adent - Chief Executive Officer David Naemura - Chief Financial Officer Conference Call Participants Brandon Vazquez - William Blair Timothy Daley - Wells Fargo Operator Welcome to the Neogen Corporation First Quarter 2024 Earnings Call. All participants will be in listen-only mode.

Neogen Corporation (NEOG) Q1 2024 Earnings Call Transcript

Neogen (NEOG) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.15 per share a year ago.

Neogen (NEOG) Lags Q1 Earnings and Revenue Estimates

Neogen Corporation (NASDAQ:NEOG) shares fell ahead of the opening bell on Tuesday after the specialist in food safety solutions reported a rise in first-quarter revenue but a decline in earnings, with both measures missing analysts' forecasts. The company, which acquired 3M's former food-safety division a year ago posted a 73% rise in revenue rose to $229 million, falling short of the $231.8 million consensus forecast of three analysts surveyed by Zacks Investment Research.

Neogen shares dip as 1Q revenue and earnings miss estimates

Revenue of $229.0 million, an increase of 73.0% over the prior-year quarter. Net income of $1.5 million; $0.01 per diluted share.

Neogen Announces First-Quarter 2024 Results

Neogen Corporation (NASDAQ:NEOG), a specialist in food safety solutions, is set to unveil its first-quarter earnings Tuesday (Oct 10) with investors expecting a quiet start to the new financial year. The Lansing, Michigan-based company, which has been a trailblazer in detecting harmful substances in food since 1982, is expected to post earnings of 2.5 cents a share, exactly half the figure achieved in the same period last year.

Neogen set make a quiet start to new financial year

Investors are optimistic about Neogen (NEOG), led by progress in the Food Safety business and recent product launches.

Here's Why You Should Invest in Neogen (NEOG) Stock Now

Within the biosecurity portfolio, Neogen (NEOG) continues to record solid growth in cleaners, disinfectants and rodenticides.

Neogen (NEOG) Gains From Strong Segmental Sales, Innovation

LANSING, Mich. , Sept. 26, 2023 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) will issue its first-quarter earnings release before the opening of the market on Tuesday, October 10, 2023.

Neogen Announces First-Quarter Earnings Release Date

Down -12.39% in 4 Weeks, Here's Why Neogen (NEOG) Looks Ripe for a Turnaround

Neogen's animal safety division had the weakest numbers. The company said its legacy food safety revenue is expected to rise in the low single digits.

Why Shares of Neogen Are Slumping This Week

Neogen (NEOG) introduces the latest solution in the SureKill brand of products, SureKill Evolve SC.

Neogen (NEOG) Launches SureKill Evolve SC Pest Management Tool

LEXINGTON, Ky. , Sept. 1, 2023 /PRNewswire/ -- Neogen® Corporation (NASDAQ: NEOG) announced today that it has released SureKill® Evolve SC, the newest professional pest management solution in the SureKill line.

Neogen® Releases New Professional Pest Management Solution

LANSING, Mich. , Aug. 31, 2023 /PRNewswire/ -- Neogen® Corporation (NASDAQ: NEOG) announced today that the Company will participate in the 2023 Wells Fargo Healthcare Conference in Boston, Massachusetts, on Thursday, September 7.

Neogen® To Participate in 2023 Wells Fargo Healthcare Conference

LEXINGTON, Ky. , Aug. 30, 2023 /PRNewswire/ -- Neogen® Corporation (NASDAQ: NEOG) announced today that its K-Blue® Luminescent ONE has won the 2023 Best Innovative Luminol-Based Substrate award at the International Life Sciences Awards 2023.

Neogen® Wins Best Innovative Luminol-Based Substrate Award

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Neogen's (NEOG) new Igenity Enhanced Dairy offers farmers valid data and assesses their herd's potential. It helps them make the most informed decisions.

Neogen (NEOG) Introduces New Genomic Data Management Tool

LINCOLN, Neb. , Aug. 15, 2023 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) announced today that it has launched Igenity® Enhanced Dairy, a new and progressive genomic data management tool.

Neogen® Launches Igenity® Enhanced Dairy

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Medical Product companies' results are likely to reflect base business recovery on a year-over-year basis. Let's see how NEOG, PDCO and DH are poised ahead of their earnings release.

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LINCOLN, Neb. , Aug. 8, 2023 /PRNewswire/ -- Neogen® Corporation (NASDAQ: NEOG) announced today that it has released an extensive selection of new genetic tests through Paw Print Genetics® and Canine HealthCheck® solutions.

Neogen® Unveils Over 100 New Genetic Tests

Neogen (NEOG) Q4 fiscal 2023 results reflect core growth in both operating segments despite softening market conditions.

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

Neogen (NEOG) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.18 per share a year ago.

Neogen (NEOG) Q4 Earnings and Revenues Top Estimates

Revenue of $241.8 million, an increase of 72.6% over the prior-year quarter. Net income of $5.6 million; $0.03 per diluted share.

Neogen Announces Fourth-Quarter 2023 Results

Neogen (NEOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for Neogen Stock (NEOG)