Neogen Reports Q3 FY2026 Revenue of $211.2M, GAAP EPS of $(0.08) Amidst Animal Safety Supplier Challenges
Neogen Corporation announced its third-quarter fiscal year 2026 results, reporting $211.2 million in revenue and a GAAP net loss of $17.0 million, or $(0.08) per share. While Food Safety revenue saw a 2.6% increase, the Animal Safety segment experienced a significant 20.1% decline, primarily attributed to third-party supplier challenges during the quarter. Despite the GAAP loss, the company achieved an Adjusted Net Income of $19.4 million and Adjusted EPS of $0.09, alongside a sequential improvement in Adjusted EBITDA margins to 22.8%. The company also generated $22.7 million in cash flow from operations, indicating underlying operational strength despite segment-specific headwinds.