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 reports developments tied to its food safety and animal safety businesses, including diagnostic tests, environmental monitoring products, veterinary products and related manufacturing operations. Company updates commonly cover foodborne pathogen detection, Listeria testing, AOAC method certification, Petrifilm manufacturing activity, and product quality or recall matters involving animal health products.
Neogen news also includes quarterly operating results, segment performance in Food Safety and Animal Safety, business transformation updates, leadership and compliance appointments, and governance matters. Its recurring disclosures connect scientific validation, manufacturing execution, customer markets and regulatory interactions across food safety, livestock, and pet health and wellness applications.
Neogen (NEOG) has announced it will release its third-quarter earnings report before market opening on Wednesday, April 9, 2025. The company will host a webcast and conference call at 8:00 a.m. Eastern time on the same day to discuss the financial results.
Investors can access the conference call through toll-free numbers for North America (1-800-549-8228) and international callers (+1 646-564-2877) using Conference ID 63045. A live webcast will be available through Neogen's Investor Relations webpage. A replay of both the call and webcast will be accessible shortly after the event's conclusion.
Neogen (NASDAQ: NEOG) announced that the National Labor Relations Board (NLRB) has withdrawn its unfair labor practices claim against the company following a mutual agreement, with no admission of wrongdoing by Neogen.
The company's Lansing warehouse shipping clerks and material handling employees will soon participate in a unionization election. Amy Rocklin, Chief Legal and Compliance Officer, emphasized the company's commitment to maintaining a supportive workplace environment and respecting employee rights throughout the election process.
Neogen (NASDAQ: NEOG) has launched Igenity BCHF, a groundbreaking genomic test designed to assess the genetic risk of Bovine Congestive Heart Failure (BCHF) in cattle. The test provides a 1-to-10 scoring system, where 1 indicates the lowest risk and 10 the highest risk of disease development, with each score decrease representing approximately 3.5% lower expected incidence rate.
The innovative test aims to help producers manage BCHF risk within their herds, produce lower-risk feeder calves, and reduce economic losses. BCHF is identified as a significant threat affecting both young calves on pasture and late-fed cattle. According to Dr. Victor Pedrosa, Director of Technical Genomics and Innovation, the test results indicate the percentage of BCHF risk an animal might pass to its progeny.
Neogen (NASDAQ: NEOG) has launched a new quantitative Salmonella molecular detection assay, MDA2QSAL96. This innovative product combines qualitative pathogen testing with Quantitative Rapid Enrichment Dehydrated (QRED) media, specifically designed for poultry producers to verify intervention effectiveness.
The new assay offers enhanced consistency and sensitivity for poultry rinses and ground poultry meat testing, featuring an efficient workflow that optimizes time and resources. It joins Neogen's suite of next-generation assays on their Molecular Detection System platform, which utilizes isothermal DNA amplification and bioluminescence detection technology.
Notably, the USDA Food Safety and Inspection Service has designated Neogen's Molecular Detection System as the primary method for detecting various pathogens, including Salmonella, Listeria monocytogenes, and Listeria spp. The system is currently utilized in over 40 countries by food processors, universities, governments, and testing laboratories.
Neogen (NEOG) reported preliminary Q2 2025 results with revenue of $231.3 million, up 0.7% year-over-year. The company posted a net loss of $456.3 million ($(2.10) per share), primarily due to a non-cash goodwill impairment charge related to the former 3M Food Safety Division acquisition. Adjusted Net Income was $24.4 million ($0.11 per share).
The Food Safety segment revenue decreased 0.1% to $164.2 million, while Animal Safety segment revenue increased 2.8% to $67.0 million. Core revenue growth was 3.5%, excluding currency impacts and acquisitions. The company updated its full-year guidance, now expecting revenue between $905-925 million and Adjusted EBITDA of $205-215 million, citing U.S. dollar strengthening and operational challenges.
The company identified material weaknesses in internal controls and expects to file its Form 10-Q by January 15, 2025.
Neogen (NASDAQ: NEOG) has announced its participation in two major upcoming investor conferences in January 2025. The company will first attend the CJS Securities 25th Annual Investor Conference, which will be held virtually on January 14, 2025.
Following this, John Adent, Neogen's President and CEO, will deliver a presentation at the 43rd Annual J.P. Morgan Healthcare Conference in San Francisco on January 15, 2025, at 3:45 PM PT. Investors can access the webcast and presentation materials for the J.P. Morgan Healthcare Conference through the Events & Presentations section of Neogen's Investor Relations website.
Neogen (NASDAQ: NEOG) has announced a change to its second-quarter earnings release date due to U.S. equity markets being closed for the National Day of Mourning for former U.S. President Jimmy Carter. The company will now release its second-quarter earnings before market opening on Friday, January 10, 2025.
Company executives will host a webcast and conference call at 8:00 a.m. Eastern time to discuss the financial results. The call can be accessed via phone at (800) 836-8184 (U.S.) or +1 (646) 357-8785 (international). A replay will be available after the call through Neogen's Investor Relations website.
Neogen (NASDAQ: NEOG) has announced it will release its second-quarter earnings before market opening on Thursday, January 9, 2025. The company will host a webcast and conference call at 8:00 a.m. Eastern time to discuss the financial results. Investors can access the call via phone at (800) 836-8184 (U.S.) or +1 (646) 357-8785 (international). A live webcast will be available through Neogen's Investor Relations webpage. A replay of both the call and webcast will be accessible afterward using specific dial-in numbers and entry code 39384#.
Neogen (NASDAQ: NEOG) has launched the Petrifilm Bacillus cereus Count Plate, a new food safety testing solution. The innovative product provides a simplified method for detecting Bacillus cereus bacteria, delivering results in as few as 20 hours. The ready-to-use plate tests for the entire sensu lato groups, including B. cytotoxicus, while eliminating traditional agar method prep work.
The product enhances Neogen's established Petrifilm line, which has been trusted in microbial testing for over 40 years. This launch aims to address critical food safety needs with improved efficiency and reliability in laboratory testing protocols.
Neogen (NASDAQ: NEOG) has announced its participation in the 36th Annual Piper Sandler Healthcare Conference in New York City. The event will take place on Wednesday, December 4, 2024, featuring a presentation by John Adent, Neogen's President and CEO, at 11:00 a.m. Eastern Time. The presentation and webcast materials will be accessible through the Events & Presentations section of Neogen's Investor Relations website.