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Aug 31, 2020
Neogen Q1 2021 Earnings Report
Neogen's revenue and net income increased due to the diversity of its portfolio of products and services.
Key Takeaways
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.
Revenues for the first quarter of fiscal year 2021 were $109,325,000, an 8% increase compared to the previous year's first quarter revenues of $101,424,000.
Net income for the first quarter was $15,860,000, or $0.30 per share, compared to $14,652,000, or $0.28 per share, in the previous year's first quarter.
The Food Safety segment's revenues were $54,185,000, compared to $51,021,000 in the prior year's first quarter, driven by higher sales of disinfectants, hand sanitizers, and insecticides.
The Animal Safety segment reported revenues of $55,140,000, compared to $50,403,000 in the prior year first quarter, driven by rodenticides and genomics services.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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