| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 209.19 | 3.6% |
| Total Income | 209.19 | 3.6% |
| Expenditure | 225.28 | 4.9% |
| PBT | 43.81 | 380.6% |
| Net Profit | 36.34 | 388.2% |
| OPM | -7.69% | 8.73pp |
| NPM | 17.37% | 23.18pp |
| EPS | 0.17 | 383.3% |
Neogen Announces Q1 2026 Results: Revenue $209.2 Million
04 May 2026 · 4 May, 9:04 am
Summary
Neogen Corporation announced its first-quarter 2026 results, with revenue of $209.2 million, a 3.6% decrease compared to the prior year. Net income was $36.3 million, compared to a net loss of $12.6 million in the prior year, primarily due to a non-cash gain on the sale of the Cleaners and Disinfectants business. Adjusted EBITDA was $35.5 million, with a margin of 17.0%. The company reaffirmed its full-year outlook, expecting revenue between $820 million and $840 million and Adjusted EBITDA between $165 million and $175 million.
Key Highlights
- 1
Neogen's first-quarter revenue reached $209.2 million, a decrease of 3.6% compared to the prior year.
- 2
The company reported a net income of $36.3 million, or $0.17 per diluted share, compared to a net loss of $12.6 million in the prior year.
- 3
Adjusted EBITDA for the first quarter was $35.5 million, representing an Adjusted EBITDA Margin of 17.0%.
- 4
Core revenue, excluding impacts of foreign currency and divestitures, increased by 0.3%.
- 5
The company completed the divestiture of its Cleaners & Disinfectants business and repaid $100.0 million of debt.
- 6
Neogen reaffirmed its full-year outlook, anticipating revenue in the range of $820 million to $840 million and Adjusted EBITDA between $165 million and $175 million.
Management Comments
Mike Nassif
I see tremendous opportunity ahead to leverage Neogen’s strong, longstanding leadership in food and animal safety. Few companies are as well-positioned as we are to help shape a safer, healthier world through a dedicated focus on these important end markets. Our employees are passionate, and our customers value the solutions and expertise we have to offer. That said, recent performance has been hampered by execution challenges which we are tackling head-on with a sharpened emphasis on commercial excellence, renewed innovation and a leaner cost structure. We recently implemented company-wide cost initiatives, which included the difficult decision to reduce headcount across the organization. These steps will fuel margin growth and give us the ability to strategically reinvest in high-potential areas. With this disciplined approach, I’m confident we can deliver compelling innovation for our customers, significantly improved financial performance and a fulfilling experience for our dedicated workforce, creating a path to sustainable value creation for our shareholders.
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