Welcome to our dedicated page for Neogen news (Ticker: NEOG), a resource for investors and traders seeking the latest updates and insights on Neogen stock.
Neogen Corporation (NASDAQ: NEOG) provides essential solutions for food safety and animal health through advanced diagnostic technologies. This page serves as the definitive source for official company news, offering investors and industry professionals timely updates on developments impacting global food security and veterinary practices.
Access curated press releases and announcements covering financial results, product launches, strategic partnerships, and regulatory milestones. Our aggregation ensures you stay informed about NEOG's innovations in pathogen detection, molecular testing platforms, and biosafety initiatives without needing to monitor multiple sources.
All content is verified for accuracy and relevance, providing a trustworthy resource for understanding Neogen's market position and technological advancements. Key updates include progress in genomic testing, international expansion efforts, and collaborations with agricultural regulators.
Bookmark this page or check back regularly for unfiltered access to Neogen's corporate communications and critical updates that shape the future of food and animal safety industries.
Neogen Corporation (NASDAQ: NEOG) reported strong financial performance for Q4 and fiscal year 2021, with Q4 revenues rising 17% to $127.4 million and total revenues for the year increasing 12% to $468.5 million. Net income for Q4 was $15.8 million ($0.15 per share), and $60.9 million ($0.57 per share) for the year. Despite these gains, gross margins declined due to rising supply chain costs, and operating expenses increased by 18% in Q4. Key drivers included a robust Food Safety segment, with notable growth in microbial testing solutions and international sales. The company faces challenges from increased costs and competitive pressures.
NEOGEN Corporation announced an extension of its strategic partnership with Gencove on June 28, 2021, to enhance animal genomic testing. Initially formed in January 2020, this multi-year global agreement will enable NEOGEN to offer SkimSeek™ low-pass sequencing technology. This collaboration aims to deliver increased genomics data accuracy and flexibility for customers in the agricultural sector, particularly in bovine, canine, poultry, and swine industries. The partnership underscores NEOGEN's commitment to innovative genomics solutions for agricultural professionals.
NEOGEN Corporation (NASDAQ: NEOG) has announced a partnership with the Center for Aquaculture Technologies (CAT) to enhance genotyping services for aquaculture producers. This collaboration aims to leverage advanced sequencing and genotyping technologies to improve selection accuracy and performance in breeding programs. NEOGEN's President, John Adent, emphasized the role of this partnership in strengthening the global food chain. The companies have previously cooperated on cost-effective genomic solutions, including the GeneSeek 50K Genomic Profiler for key aquaculture species.
NEOGEN Corporation's Soleris Direct Yeast and Mold test has secured the Performance Tested Methods Certification from the AOAC Research Institute for assessing yeasts and molds in dried cannabis flower. This certification enhances the test's existing approvals for various food products. NEOGEN's President and CEO, John Adent, highlighted the test's role in addressing safety concerns within the cannabis industry. The Soleris system utilizes an automated optical process to detect microbial contamination swiftly, ensuring product safety across food and personal care sectors.
NEOGEN Corporation (Nasdaq: NEOG) has received initial expedited registration from the U.S. EPA for its NEOGEN® Viroxide Super™ disinfectant, aimed at combating the spread of COVID-19. This peroxygen-based disinfectant is effective against various viruses and bacteria, including Staphylococcus aureus and canine parvovirus. Designed for diverse applications, it offers a simple preparation process with a color change indicating readiness. NEOGEN's broader suite of biosecurity products also supports disease prevention efforts across agricultural markets.
NEOGEN Corporation (NASDAQ: NEOG) announced a two-for-one stock split, approved by its Board of Directors. This will enable each shareholder of record on May 26, 2021, to receive an additional share for each share held, with new shares distributed on June 4, 2021. Currently, NEOGEN has about 53.7 million shares outstanding, which will increase to approximately 107.4 million following the split. This marks the company's sixth stock split in its 39-year history, highlighting the Board's confidence in NEOGEN's long-term growth and enhancing stock liquidity for investors.
NEOGEN Corporation (NASDAQ: NEOG) has launched the enhanced AccuPoint® Advanced sanitation monitoring system, designed for user-friendly operation and improved result analysis. This new generation system features a modern handheld device with an ergonomic design, Wi-Fi connectivity for secure data transfer, and a photodiode multiplier lens for precise measurements. The AccuPoint Advanced NG is the only system that utilizes a flat tip sampler for effective ATP recovery and incorporates RFID technology for efficient testing. This system is recognized as a gold standard in sanitation monitoring within food production facilities.
NEOGEN Corporation (NASDAQ: NEOG) has launched its NEOGEN Analytics environmental monitoring program (EMP) for food and beverage manufacturers, offering a full year of service at no cost. The EMP facilitates remote monitoring, automates reporting, and enhances food safety compliance. This initiative is in response to increased demands for transparency in food safety, accelerated by the COVID-19 pandemic. The program aims to eliminate manual data entry errors and improve operational efficiencies, ultimately providing better resource allocation and increased customer satisfaction.
NEOGEN Corporation (NASDAQ: NEOG) announced a $25,000 donation to the National FFA Organization following the conclusion of their sponsorship agreement. This contribution aims to support agricultural education and combat COVID-19. NEOGEN's CEO, John Adent, emphasized the importance of fostering the future leaders in agriculture. The National FFA Organization, with over 760,000 members, is dedicated to developing student leadership through agricultural education. NEOGEN specializes in food and animal safety products.
Neogen Corporation reported a 17% increase in Q3 revenues, totaling $116.7 million, compared to $99.9 million last year. Year-to-date revenues rose 10% to $341.0 million. Net income for Q3 reached $13.4 million, up 10% from $12.2 million, with EPS at $0.25, compared to $0.23 a year ago. The company noted strong performance in its Food Safety segment, boosted by product line growth and international acquisitions. However, earnings were impacted by $2 million in non-recurring expenses related to unsuccessful acquisitions and lower interest income.
