---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-042786"
form_type: "8-K"
ticker: "NEOG"
cik: "0000711377"
company_name: "NEOGEN CORP"
filed_at: "2024-04-09T23:59:59+00:00"
generated_at: "2026-06-04T01:10:53.508765+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-042786
- form_type: 8-K
- ticker: NEOG
- cik: 0000711377
- company_name: NEOGEN CORP
- filed_at: 2024-04-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/711377/000095017024042786/0000950170-24-042786-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/711377/000095017024042786/neog-20240409.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-042786
- JSON: https://secwatch.observer/filing/0000950170-24-042786.json
- Plain text: https://secwatch.observer/filing/0000950170-24-042786.txt

## Key facts
- Earnings Releases
  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
  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 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/711377/000095017024042786/0000950170-24-042786-index.htm

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