secwatch.observer — SEC 8-K summary
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Issuer:     NEOGEN CORP (NEOG)
CIK:        0000711377
Form:       8-K
Filed at:   2024-10-10T23:59:59+00:00
Accession:  0000950170-24-113950
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711377/000095017024113950/0000950170-24-113950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711377/000095017024113950/neog-20241010.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-113950

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