https://assets.capyfin.com/instruments/678fdc13234e27009c5d5779.png avatar
Neogen
🇺🇸 NASDAQ:NEOG
View Company
OverviewEarningsDividends
•
May 31, 2023

Neogen Q4 2023 Earnings Report

Neogen's Q4 2023 results were announced, featuring a significant revenue increase driven by the 3M Food Safety Division merger, alongside a decrease in net income due to related costs.

Key Takeaways

Neogen reported a 72.6% increase in revenue to $241.8 million for Q4 2023, driven by the acquisition of the 3M Food Safety Division. Net income decreased to $5.6 million, or $0.03 per diluted share, due to transaction and integration costs. Adjusted Net Income was $30.2 million, or $0.14 per diluted share. The company anticipates revenue between $955 million and $985 million for fiscal year 2024.

Revenue increased by 72.6% to $241.8 million compared to the prior-year quarter.

Net income was $5.6 million, or $0.03 per diluted share.

Adjusted Net Income reached $30.2 million, or $0.14 per diluted share.

Adjusted EBITDA increased by 97.0% to $63.1 million, with a margin of 26.1%.

Total Revenue
$242M
Previous year: $140M
+72.6%
EPS
$0.14
Previous year: $0.18
-22.2%
Adjusted EBITDA Margin
26.1%
Gross Profit
$123M
Previous year: $65M
+89.5%
Cash and Equivalents
$246M
Previous year: $381M
-35.6%
Total Assets
$4.55B
Previous year: $993M
+358.7%

Neogen

Neogen

Neogen Revenue by Segment

Forward Guidance

In fiscal year 2024, the Company anticipates total revenue to be between $955 million and $985 million, while Adjusted EBITDA is expected to be in a range of $235 million to $255 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Neogen