Neogen Q4 revenue up 72.6% to $241.8M; net income $5.6M; FY2024 guidance issued

NEOGEN CORP

2023-FY EPS reported -$0.12 revenue$822,447,000

Q4 revenue $241.8M (+72.6% YoY); net income $5.6M ($0.03 EPS); adjusted net income $30.2M ($0.14 EPS).
Full-year revenue $822.4M (+56%); net loss of $22.9M; adjusted net income $105.7M ($0.56 EPS).
Adjusted EBITDA Q4 $63.1M (26.1% margin); FY $205.4M (25.0% margin).
Food Safety segment Q4 revenue $169.3M (+151.3%), core growth 3.9%; Animal Safety $72.5M (flat).
FY2024 guidance: revenue $955-985M, adjusted EBITDA $235-255M, capex ~$130M (incl. $100M for 3M integration).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NEOGEN CORP reported fiscal 2023 fourth quarter ended May 31, 2023 results: revenue $241.8 million, net income $5.6 million, EPS $0.03 per diluted share.

Period: fiscal 2023 fourth quarter ended May 31, 2023
Revenue: $241.8 million
Net income: $5.6 million
EPS: $0.03 per diluted share
Result: reported results

Exact text from the filing

Neogen Announces Fourth-Quarter 2023 Results • Revenue of $241.8 million, an increase of 72.6% over the prior-year quarter. • Net income of $5.6 million; $0.03 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NEOGEN CORP reported fiscal year ended May 31, 2023 results: revenue $822.4 million, net income a loss of $22.9 million, EPS $0.12 per diluted share.

Period: fiscal year ended May 31, 2023
Revenue: $822.4 million
Net income: a loss of $22.9 million
EPS: $0.12 per diluted share
Result: reported results

Exact text from the filing

fourth quarter marked the 124th of the past 130 quarters that Neogen reported revenue increases compared to the same quarter in the prior year. Revenues for the full year were $822.4 million, an increase of 56.0% compared to $527.2 million in the prior year. Core revenue growth was 4.0% and acquisitions contributed 54.5%, while foreign currency was a headwind of

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Source: SEC EDGAR

accession 0000950170-23-034944

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