secwatch.observer — SEC 8-K summary
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Issuer:     NEOGEN CORP (NEOG)
CIK:        0000711377
Form:       8-K
Filed at:   2022-09-28T23:59:59+00:00
Accession:  0001193125-22-252904
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Neogen Q1 revenue up 3% to $132.3M; net income down to $0.05/sh due to $13.7M deal costs
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- Revenue $132.3M, up 3% (6% constant currency); organic growth 4%.
- Net income $5.2M ($0.05/sh) includes $13.7M 3M Food Safety deal costs; adjusted $0.15/sh vs $0.16 prior year.
- Adjusted EBITDA $27.0M, down 6% from $28.9M; gross margin improved 20bp to 47.0%.
- Food Safety segment +3% (9% constant currency); Animal Safety +3% (4% constant currency).
- 3M Food Safety acquisition ($370M annual rev) closed Sept 1; integration started with 400+ new colleagues.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711377/000119312522252904/0001193125-22-252904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711377/000119312522252904/d379568d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-252904

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