Neogen Q4 2021 Earnings Report
Key Takeaways
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.
Fourth-quarter revenues increased 17% to $127.4 million, compared to $109.1 million in the prior year.
Fourth-quarter net income was $15.8 million, or $0.15 per share, compared to $16.3 million, or $0.15 per share, in the prior year.
Gross margins for the fourth quarter of 2021 were 45.3% of sales, compared to 47.4% in the prior year's fourth quarter, due to higher supply chain and personnel costs.
Revenues for the Food Safety segment were $64.1 million, an increase of 18%, and Animal Safety segment revenues were $63.3 million, an increase of 16%.
Neogen
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Neogen Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income