---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-052530"
form_type: "8-K"
ticker: "NEOG"
cik: "0000711377"
company_name: "NEOGEN CORP"
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T02:58:37.097119+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Neogen Q1 FY2024 revenue $229M (+73%); core revenue declines 1.3%; adj. EPS $0.11

## Summary
- Revenue $229.0M, +73% YoY driven by 3M Food Safety acquisition; core revenue ex-acquisition declined 1.3%.
- Net income $1.5M ($0.01 diluted EPS) vs $5.2M ($0.05); adjusted net income $23.7M ($0.11) vs $17.6M ($0.16).
- Adjusted EBITDA $52.4M (22.9% margin) vs $27.0M (20.4%); margin expansion from higher gross profit.
- Food Safety segment revenue $166.3M (+157%); Animal Safety $62.7M (-7.4% core decline on destocking).
- FY2024 guidance reaffirmed: revenue $955-985M, Adjusted EBITDA $235-255M; capex ~$130M incl. ~$100M for integration.

## SEC filing metadata
- accession: 0000950170-23-052530
- form_type: 8-K
- ticker: NEOG
- cik: 0000711377
- company_name: NEOGEN CORP
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/711377/000095017023052530/0000950170-23-052530-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/711377/000095017023052530/neog-20231010.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-052530
- JSON: https://secwatch.observer/filing/0000950170-23-052530.json
- Plain text: https://secwatch.observer/filing/0000950170-23-052530.txt

## Key facts
- Earnings Releases
  NEOGEN CORP reported fiscal 2024 first quarter ended August 31, 2023 results: revenue $229.0 million, net income $1.5 million, or $0.01 per diluted share. Guidance reaffirmed.
  - Period: fiscal 2024 first quarter ended August 31, 2023
  - Revenue: $229.0 million
  - Net income: $1.5 million, or $0.01 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: regardless of any general incorporation language in the filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Neogen Announces First-Quarter 2024 Results • Revenue of $229.0 million, an increase of 73.0% over the prior-year quarter. • Net income of $1.5 million; $0.01 per diluted share. • Adjusted Net Income of $23.7 million; $0.11 per diluted share. •
  evidence_url: https://www.sec.gov/Archives/edgar/data/711377/000095017023052530/0000950170-23-052530-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.