Neogen Q1 net loss $12.6M; revenue down 5.3% YoY; guidance unchanged

NEOGEN CORP

2024-Q1 EPS reported -$0.06 revenue$216,964,000

Revenue $217.0M, down 5.3% YoY; core revenue declined 1.4%; currency headwind 3.9%.
Net loss $(12.6)M ($(0.06) diluted EPS); Adjusted net income $14.4M ($0.07).
Adjusted EBITDA $43.7M (20.1% margin), down from $52.4M (22.9%) prior year.
Food Safety segment revenue $159.3M (-4.2% YoY) with 1.1% core growth; Animal Safety $57.6M (-8.1% YoY).
FY2025 outlook reaffirmed: revenue $925M-$955M, Adjusted EBITDA $215M-$235M, capex ~$85M.

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