earnings
confidence high
sentiment negative
materiality 0.70
Neogen Q3 FY26 revenue $211.2M; net loss $17M; divests Genomics unit
NEOGEN CORP
2026-Q3 EPS reported
$0.02
revenue$645,100,000
- Revenue $211.2M; Food Safety core growth +4.0%, Animal Safety core growth –8.7% on supplier challenges.
- GAAP net loss $17.0M ($0.08 loss per share); Adjusted EPS $0.09; Adjusted EBITDA $48.2M (22.8% margin).
- Divestiture of Genomics business announced, expected to close in Q2 FY27; proceeds to reduce leverage.
- Raising FY2026 revenue outlook; maintaining Adjusted EBITDA guidance.
- Petrifilm manufacturing transition on track for November FY27; validation on multiple SKUs started.