secwatch.observer — SEC 8-K summary
======================================

Issuer:     NEOGEN CORP (NEOG)
CIK:        0000711377
Form:       8-K
Filed at:   2023-01-05T23:59:59+00:00
Accession:  0001193125-23-002531
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711377/000119312523002531/0001193125-23-002531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711377/000119312523002531/d408076d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-002531

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