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Feb 28, 2021
Neogen Q3 2021 Earnings Report
Neogen's revenues increased by 17% compared to the previous year's third quarter, with net income up by 10%.
Key Takeaways
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.
Third quarter revenue increased by 17% year-over-year to $116.709 million.
Net income for the quarter rose by 10% to $13.377 million.
Earnings per share increased to $0.25, compared to $0.23 in the previous year.
Food Safety segment revenues increased by 16%, driven by international acquisitions and growth in diagnostic test kits.
Neogen
Neogen
Neogen Revenue by Segment
Revenue by Segment
Food Safety Revenue
CapyFin.comAnimal Safety Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income