secwatch.observer — SEC 8-K summary
======================================

Issuer:     NEOGEN CORP (NEOG)
CIK:        0000711377
Form:       8-K
Filed at:   2024-01-09T23:59:59+00:00
Accession:  0000950170-24-003192
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Neogen Q2 FY2024 revenue $229.6M, net loss $(0.02)/sh; lowers full-year outlook
-------------------------------------------------------------------------------

- Revenue $229.6M, roughly flat YoY; Food Safety +1.9%, Animal Safety -5.0%.
- Net loss $3.5M ($(0.02)/sh) vs prior $41.8M loss; Adjusted Net Income $24.9M ($0.11) vs $31.4M.
- Adjusted EBITDA $55.1M (24.0% margin) vs $64.1M (27.8%) a year ago.
- FY2024 guidance lowered: revenue $935M-$955M, Adj. EBITDA $230M-$240M; slower end-market recovery.
- Animal Safety hurt by distributor destocking and Genomics shift; Food Safety core growth 0.7%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711377/000095017024003192/0000950170-24-003192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711377/000095017024003192/neog-20240109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-003192

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer