Neogen reports Q3 revenue up 4.8% to $228.8M but net loss of $2.0M; cuts FY2024 outlook

NEOGEN CORP

2024-Q3 EPS reported -$0.02 revenue$687,428,000

Net loss of $2.0M ($0.01 diluted EPS) vs net income $8.2M ($0.04) a year ago.
Adjusted Net Income $26.4M ($0.12 diluted EPS), flat YoY; Adjusted EBITDA $52.7M (23.0% margin).
Cuts FY2024 revenue guidance to $910-920M and Adj. EBITDA to $210-215M.
Integration of 3M Food Safety creates operational inefficiencies slowing order fulfillment rates.
Cash and investments $168.4M; total debt $900.0M with $150M undrawn credit.

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 0.98

NEOGEN CORP reported fiscal 2024 third quarter ended February 29, 2024 results: revenue $228.8 million, net income $(2.0) million; $(0.01) per diluted share, EPS $(0.01) per diluted share. Guidance lowered.

Period: fiscal 2024 third quarter ended February 29, 2024
Revenue: $228.8 million
Net income: $(2.0) million; $(0.01) per diluted share
EPS: $(0.01) per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

regardless of any general incorporation language in the filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Neogen Announces Third-Quarter 2024 Results • Revenue of $228.8 million. • Net loss of $(2.0) million; $(0.01) per diluted share. • Adjusted Net Income of $26.4 million; $0.12 per diluted share. • Adjusted EBITDA of $52.7 million. • Updating

View on SEC.gov

1349 earnings releases filed in the last 30 days. Browse all earnings releases →

NEOGEN CORP filing history →

Source: SEC EDGAR

accession 0000950170-24-042786

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.