Neogen Earnings Reports

Neogen posted a net loss of $11 million in Q3 2025 as revenue declined to $221 million. The company saw modest core growth in its Food Safety segment, but faced headwinds from sample collection issues and global trade uncertainty.

Neogen Corporation announced preliminary results for Q2 2025, with revenue of $231.3 million. The company reported a net loss of $456.3 million due to a non-cash goodwill impairment, but adjusted net income was $24.4 million, or $0.11 per diluted share. The company is updating its full-year outlook.

Neogen Corporation reported a revenue of $217.0 million for the first quarter of fiscal year 2025, a 5.3% decrease compared to the prior year. The company experienced a net loss of $12.6 million, or $(0.06) per diluted share, but had an adjusted net income of $14.4 million, or $0.07 per diluted share. The company is maintaining its full-year outlook.

Neogen Corporation reported Q4 revenue of $236.8 million, a decrease of 2.1% compared to the prior year. The company experienced a net loss of $5.4 million, or $(0.02) per diluted share, but reported an adjusted net income of $22.4 million, or $0.10 per diluted share. The core revenue grew by 2.0%.

Neogen reported a 4.8% increase in revenue to $228.8 million for the third quarter of fiscal year 2024, but experienced a net loss of $(2.0) million, or $(0.01) per diluted share. Adjusted Net Income was $26.4 million, or $0.12 per diluted share. The company is updating its full-year outlook due to slower-than-anticipated recovery of order fulfillment rates.

Neogen Corporation reported Q2 2024 revenue of $229.6 million, a slight decrease of 0.2% year-over-year. The company experienced a net loss of $3.5 million, or $(0.02) per diluted share, but an adjusted net income of $24.9 million, or $0.11 per diluted share. The results reflect ongoing integration efforts and stabilization in end markets, with an updated full-year outlook provided.

Neogen reported a 73% increase in revenue to $229.0 million, driven by the acquisition of the 3M Food Safety Division. However, net income decreased to $1.5 million, or $0.01 per diluted share, due to increased interest expense and amortization of acquisition-related intangibles. Adjusted EBITDA increased by 93.8% to $52.4 million, with a margin of 22.9%.

Neogen reported a 72.6% increase in revenue to $241.8 million for Q4 2023, driven by the acquisition of the 3M Food Safety Division. Net income decreased to $5.6 million, or $0.03 per diluted share, due to transaction and integration costs. Adjusted Net Income was $30.2 million, or $0.14 per diluted share. The company anticipates revenue between $955 million and $985 million for fiscal year 2024.

Neogen reported a 70% increase in revenue to $218.3 million for Q3 2023, driven by the acquisition of the 3M Food Safety Division. Net income increased to $8.2 million, or $0.04 per diluted share, while Adjusted Net Income reached $26.5 million, or $0.12 per diluted share. The company experienced core revenue growth of 4.0% and an expansion in gross margin and Adjusted EBITDA margin.

Neogen reported a 76.2% increase in revenue to $230.0 million for Q2 2023, driven by the acquisition of the 3M Food Safety Division. However, the company experienced a net loss of $(41.8) million, or $(0.19) per share, due to transaction and integration costs. Adjusted Net Income was $31.4 million, or $0.15 per share.

Neogen Corporation announced a 3% increase in first-quarter revenue to $132.349 million. Net income was $5.209 million, or $0.05 per share, impacted by deal-related expenses. Excluding these costs, net income would have been $15.891 million, or $0.15 per share.

Neogen Corporation announced a 10% increase in revenue for the fourth quarter, reaching $140.09 million. EPS was reported at $0.14, with an adjusted EPS of $0.18. The company's gross margins improved, and the transaction with 3M Food Safety is on track.

Neogen Corporation announced its third quarter results for fiscal year 2022, with revenues increasing by 10% to $128.244 million. Net income was $5.443 million, or $0.05 per share, impacted by $10.6 million in professional fees related to the planned merger with 3M's Food Safety business. Excluding these costs, net income would have been $13.6 million, or $0.13 per share.

Neogen Corporation announced a 13% increase in revenues to $130.517 million for the second quarter of fiscal year 2022. Both the Food Safety and Animal Safety segments experienced double-digit organic sales growth. Net income was $10.828 million, or $0.10 per share, compared to $15.885 million, or $0.15 per share, in the prior year's second quarter, impacted by $9.3 million in professional fees related to the planned combination with 3M's Food Safety business.

Neogen Corporation announced record revenue of $128.305 million for the first quarter of fiscal year 2022, a 17% increase compared to the previous year. Both the Food Safety and Animal Safety segments experienced double-digit organic sales growth. Net income increased to $17.077 million, or $0.16 per share.

Neogen Corporation announced its Q4 and full fiscal year 2021 results, with Q4 revenues increasing by 17% to $127.4 million. Net income for the quarter was $15.8 million, or $0.15 per share. The company faced challenges from higher supply chain costs and increased operating expenses but saw growth in both domestic and international markets.

Neogen Corporation reported a strong third quarter with a 17% increase in revenues, reaching $116.709 million, and a 10% increase in net income, amounting to $13.377 million. Earnings per share rose to $0.25, compared to $0.23 in the prior year. The company's performance was driven by growth in both its Food Safety and Animal Safety segments, along with contributions from international acquisitions.

Neogen Corporation reported a 7% increase in revenue for the second quarter of fiscal year 2021, reaching $115 million. The animal safety segment saw a significant 13% increase in sales. Net income decreased slightly to $15.885 million, or $0.30 per share, compared to $16.276 million, or $0.31 per share, in the prior year, impacted by strategic consulting expenses.

Neogen Corporation reported an 8% increase in revenues and an increase in net income for the first quarter of fiscal year 2021. The company's food safety segment faced disruption, but strong growth in genomics and biosecurity products helped offset the impact.

Neogen Corporation reported Q4 2020 revenues of $109.07 million, a slight decrease from $109.76 million in the prior year quarter. Net income increased to $16.35 million, or $0.31 per share, compared to $15.82 million, or $0.30 per share, in the prior year quarter. The company's performance was impacted by currency headwinds and disruptions in the global food supply, but was supported by opportunistic sales of sanitizers and disinfectants and continued strength in genomic service revenues.

Neogen Corporation reported a 2% increase in revenue for the third quarter of fiscal year 2020, reaching $99,869,000, while net income decreased to $12,200,000, with earnings per share at $0.23. The company highlighted strong performance in genomics services and certain food safety product lines, along with strategic acquisitions to expand its global footprint.