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May 31, 2022
Neogen Q4 2022 Earnings Report
Neogen's Q4 2022 earnings demonstrated revenue growth and improved gross margins.
Key Takeaways
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.
Fourth quarter revenue increased by 10% to $140.09 million.
Reported EPS was $0.14, and adjusted EPS was $0.18, excluding 3M Food Safety deal-related costs.
Gross margins improved to 46.4% of sales.
Animal Safety segment revenue increased by 15%, while Food Safety segment revenue increased by 5%.
Neogen
Neogen
Neogen Revenue by Segment
Revenue by Segment
Food Safety Revenue
CapyFin.comAnimal Safety Revenue
CapyFin.com Forward Guidance
Neogen is expecting the 3M Food Safety transaction to close in the third quarter of calendar year 2022.
Positive Outlook
- 3M Food Safety transaction on track to close in the third quarter of calendar year 2022
- Integration efforts are well prepared
- Looking forward to welcoming the 3M Food Safety team members to the Neogen family
- Future is bright as we begin to build the next chapter of Neogen together post-close
- Celebrating our 40th year of operations
Revenue & Expenses
Visualization of income flow from segment revenue to net income