Neogen Q2 revenue up 76% to $230M; GAAP net loss $41.8M; adjusted net income $31.4M

NEOGEN CORP

2023-Q2 EPS reported -$0.23 revenue$362,382,000

Revenue $230.0M, up 76.2% YoY; core revenue growth (ex-acquisitions & FX) 6.6%.
GAAP net loss $41.8M ($0.19 per share) due to transaction costs, interest, amortization from 3M Food Safety merger.
Adjusted Net Income $31.4M ($0.15 per share); Adjusted EBITDA $64.1M (27.8% margin), up from $29.6M (22.7%) a year ago.
Food Safety segment revenue $161.3M (+140.3%); Animal Safety $68.7M (+8.4%).
Debt reduced by $100M in Q2 and post-quarter; total debt $900M as of Dec 2; cash $276.3M.

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 0.9

NEOGEN CORP reported second quarter ended November 30, 2022 results: revenue $230.0 million, net income $(41.8) million, EPS $(0.19) per share.

Period: second quarter ended November 30, 2022
Revenue: $230.0 million
Net income: $(41.8) million
EPS: $(0.19) per share
Result: reported results

Exact text from the filing

Neogen Announces Second-Quarter 2023 Results • Revenue of $230.0 million, up 76.2% over the prior-year quarter. • Net income of $(41.8) million; $(0.19) per share.

View on SEC.gov

Browse all earnings releases →

NEOGEN CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-002531

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.