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Aug 31, 2022
Neogen Q1 2023 Earnings Report
Neogen reported a 3% increase in revenue, with both Food and Animal Safety segments experiencing growth. The combination with 3M’s Food Safety business closed, and integration is underway.
Key Takeaways
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.
Revenues for the first quarter were $132,349,000, a 3% increase compared to the prior year.
Net income for the first quarter was $5,209,000, or $0.05 per share, impacted by $13.7 million in deal-related expenses.
Excluding deal-related costs, net income would have been $15,891,000, or $0.15 per share.
The 3M Food Safety transaction closed on September 1, and integration is underway.
Revenue by Segment
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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