Neogen develops and markets products dedicated to food and animal safety. The Company operates through two segments: Food Safety and Animal Safety. The Food Safety segment produces and markets diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation: the Animal Safety segment is primarily engaged in the production and marketing of products dedicated to animal health, including a range of consumable products marketed to veterinarians and animal health product distributors.

Employee Rating

2.8More
TypePublic
HQLansing, US
Founded1982
Size (employees)1,546 (est)+10%
Websiteneogen.com
Neogen was founded in 1982 and is headquartered in Lansing, US
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Neogen Office Locations

Neogen has offices in Lansing, Lincoln, Lexington and Memphis
Lansing, US (HQ)
620 Lesher Pl
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Neogen Financials and Metrics

Neogen Revenue

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Neogen's revenue was reported to be $402.25 m in FY, 2018
USD

Revenue (Q1, 2019)

99.6m

Gross profit (Q1, 2019)

46.7m

Gross profit margin (Q1, 2019), %

46.9%

Net income (Q1, 2019)

15.2m

EBIT (Q1, 2019)

16.5m

Market capitalization (9-Nov-2018)

3.3b

Closing stock price (9-Nov-2018)

63.9

Cash (31-Aug-2018)

97.2m
Neogen's current market capitalization is $3.3 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

247.4m283.1m321.3m361.6m402.3m

Revenue growth, %

14%13%

Cost of goods sold

124.8m143.4m168.2m189.6m212.0m

Gross profit

122.6m139.7m153.1m172.0m190.3m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

74.9m79.6m76.7m83.6m90.7m88.4m95.3m101.8m95.9m99.6m

Cost of goods sold

37.1m41.4m41.5m43.2m47.1m47.5m49.4m52.5m50.4m52.9m

Gross profit

37.8m38.2m35.2m40.5m43.6m40.9m45.9m49.3m45.5m46.7m

Gross profit Margin, %

50%48%46%48%48%46%48%48%47%47%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

40.7m66.1m55.3m77.6m83.1m

Inventories

51.2m51.6m64.4m73.1m76.0m

Current Assets

188.7m231.2m250.0m293.0m375.8m

Goodwill

68.2m70.1m88.5m104.8m99.6m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

43.6m43.3m53.5m49.1m57.5m42.3m71.4m66.9m76.2m86.3m59.9m58.5m64.4m82.1m97.2m

Inventories

47.3m51.9m55.1m53.5m55.1m56.1m61.5m65.4m69.8m71.7m75.4m73.4m73.7m77.5m78.8m

Current Assets

178.9m176.0m201.2m205.8m217.3m235.4m250.5m254.9m268.6m288.4m276.8m310.9m339.9m352.2m396.1m

PP&E

72.5m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

28.0m33.6m36.5m44.0m63.2m

Depreciation and Amortization

9.2m10.6m12.5m14.7m17.1m

Inventories

(3.5m)319.0k(9.4m)(7.0m)(2.6m)

Accounts Payable

2.0m412.0k704.0k(1.7m)4.4m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

13.9m20.5m8.9m16.7m24.1m9.3m18.4m26.7m9.9m21.1m31.5m11.9m29.1m45.7m15.2m

Depreciation and Amortization

4.2m6.6m2.5m5.2m7.9m2.7m5.7m8.8m3.5m7.0m10.7m4.0m8.3m12.7m4.3m

Inventories

(3.7m)(4.1m)(3.9m)(2.1m)(3.2m)(3.3m)(8.8m)(12.8m)(5.9m)(8.0m)(9.5m)(276.0k)(218.0k)(3.9m)(2.9m)

Cash From Operating Activities

10.7m17.2m10.4m23.4m33.5m6.6m20.9m28.0m20.3m29.5m45.2m18.7m27.4m46.6m16.1m
USDY, 2018

Financial Leverage

1.1 x
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Neogen Operating Metrics

FY, 2016

Patents (US)

41

Patents (foreign)

116
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Neogen Revenue Breakdown

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Neogen revenue breakdown by business segment: 54.6% from Animal Safety and 45.4% from Food Safety

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Neogen Online and Social Media Presence

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Neogen News and Updates

Neogen Chemicals files IPO papers with Sebi

Neogen Chemicals has filed draft papers with capital markets regulator Sebi to float an initial public offering. The initial share sale comprises fresh issuance of shares aggregating up to Rs 70 crore and an offer for sale of up to Rs 29 lakh by the company's promoters, according to the draft red he…

Neogen reports first quarter results

LANSING, Mich., Sept. 25, 2018 /PRNewswire/ -- Neogen Corporation (Nasdaq: NEOG) announced today that net income for the first quarter of its 2019 fiscal year, which ended Aug. 31, increased 28% to $15,237,000, from the previous year's first quarter net income of $11,914,000. Earnings per ...

Neogen acquires Livestock Genetic Services

LANSING, Mich., Sept. 4, 2018 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) announced today that it has acquired the assets of Livestock Genetic Services, LCC, a Virginia-based company that specializes in genetic evaluations and data management for cattle breeding organizations. The...

Neogen acquires Livestock Genetic Services

LANSING, Mich., Sept. 4, 2018 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) announced today that it has acquired the assets of Livestock Genetic Services, LCC, a Virginia-based company that specializes in genetic evaluations and data management for cattle breeding organizations. The...

Neogen's one-hour Listeria Right Now™ receives AOAC approval

LANSING, Mich., Aug. 20, 2018 /PRNewswire/ -- Neogen's revolutionary Listeria Right Now™ environmental pathogen detection system has officially achieved AOAC approval, license number #081802. The approval adds another level of assurance to the food safety community, as the product has now ...

Neogen acquires water microbiology testing technology

LANSING, Mich., Aug. 1, 2018 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) announced today that it has acquired Clarus Labs, Inc. The acquisition provides Neogen products, and greater access to the $400 million global water microbiology testing market. The acquisition includes the...
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Neogen Blogs

Space farming: Plant hormones might make it possible

Science fiction has brought us innumerable tales of cool things happening in outer space, from giant battles waged between super-speeding spaceships to the exploration of exotic, unknown planets in distant galaxies. These stories might pass over some of the more mundane facets of futuristic space li…

A new ‘Big Eight’ food allergen in the U.S.?

In the U.S., eight major food allergen categories are currently acknowledged by the Federal Food, Drug and Cosmetic Act: milk, eggs, fish, crustaceans, tree nuts, wheat, peanuts and soybeans. Now, the Food and Drug Administration (FDA) is considering adding another common foodborne allergen, turning…

A rose by any other name: What to label alternative ‘dairy’ and ‘meat’ products?

The dairy and meat industries have been abuzz in recent years about the matter of names. Can alternative “dairy” products truly be called dairy? After all, we’ve always called the liquid inside of coconuts “milk,” even though coconuts assuredly don’t lactate. Similarly, can plant-based or lab-grown …

Science: Zinc may play a role in fighting oxidative stress

Zinc is a key mineral in a healthy body, and we need to consume it as part of our diet to replenish our body’s supply of it. It also, new research finds, plays a role in protecting the body against oxidative stress, a damaging process caused by an imbalance of antioxidants in the body. Researchers […

Neogen at the Country Elevator Conference and Trade Show

Check us out at booth #805 at the Country Elevator Conference and Trade Show in St. Louis, Missouri in December! We’ll be showing the following products: Raptor Integrated Analysis Platform, a lateral flow test strip reader with build-in incubation that can test up to three samples at once. Reveal Q…

High levels of mycotoxins detected in U.S. grains

By all accounts, much of the U.S. is closing its 2018 harvest season with a high risk for mycotoxin development in grains thanks to wet weather over the past few weeks and months. Not only have these issues caused concern for harvest timing, prompting delays due to moisture, but the increased risk o…
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Neogen Company Life and Culture

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Neogen Frequently Asked Questions

  • When was Neogen founded?

    Neogen was founded in 1982.

  • How many employees does Neogen have?

    Neogen has 1,546 employees.

  • What is Neogen revenue?

    Latest Neogen annual revenue is $402.3 m.

  • What is Neogen revenue per employee?

    Latest Neogen revenue per employee is $260.2 k.

  • Who are Neogen competitors?

    Competitors of Neogen include Thomas Scientific, Germstar and Novel Ingredient Services.

  • Where is Neogen headquarters?

    Neogen headquarters is located at 620 Lesher Pl, Lansing.

  • Where are Neogen offices?

    Neogen has offices in Lansing, Lincoln, Lexington and Memphis.

  • How many offices does Neogen have?

    Neogen has 4 offices.