Neogen Corporation

Neogen Corporation develops and markets products dedicated to food and animal safety. The company’s Food Safety Division markets dehydrated culture media and diagnostic test kits to detect foodborne bacteria, natural toxins, genetic modifications, food allergens, drug residues, plant diseases and sanitation concerns. Neogen’s Animal Safety Division markets a complete line of diagnostics, veterinary instruments, veterinary pharmaceuticals, nutritional supplements, disinfectants and rodenticides.

Company Growth (employees)
Type
Public
HQ
Lansing, US
Founded
1982
Size (employees)
1,413 (est)+15%
Website
neogen.com
Neogen Corporation was founded in 1982 and is headquartered in Lansing, US

Neogen Corporation Office Locations

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

Neogen Corporation Data and Metrics

Neogen Corporation Financial Metrics

Neogen Corporation's revenue was reported to be $88.4 m in Q3, 2017
USD

Revenue (Q3, 2017)

88.4 m

Gross profit (Q3, 2017)

40.9 m

Gross profit margin (Q3, 2017), %

46%

Net income (Q3, 2017)

31.5 m

EBIT (Q3, 2017)

14.4 m

Market capitalization (22-Aug-2017)

2.5 b

Cash (28-Feb-2017)

59.9 m
Neogen Corporation's current market capitalization is $2.5 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

247.4 m283.1 m321.3 m

Revenue growth, %

14%13%

Cost of goods sold

124.8 m143.4 m168.2 m

Gross profit

122.6 m139.7 m153.1 m

Gross profit Margin, %

50%49%48%

Sales and marketing expense

57.6 m

R&D expense

9.9 m

General and administrative expense

29.2 m

Operating expense total

96.7 m

EBIT

43.4 m53.1 m56.4 m

EBIT margin, %

18%19%18%

Interest income

115 k228 k322 k

Pre tax profit

43 m52.1 m55.5 m

Income tax expense

15 m18.5 m19 m

Net Income

28 m33.6 m36.5 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

74.9 m79.6 m76.7 m83.6 m90.7 m88.4 m

Cost of goods sold

37.1 m41.4 m41.5 m43.2 m47.1 m47.5 m

Gross profit

37.8 m38.2 m35.2 m40.5 m43.6 m40.9 m

Gross profit Margin, %

50%48%46%48%48%46%

Sales and marketing expense

13.6 m14.2 m14 m14.8 m15.7 m15.3 m

R&D expense

2.6 m2.6 m2.5 m2.7 m2.8 m2.6 m

General and administrative expense

6.8 m6.8 m7.5 m8.3 m8.3 m8.5 m

Operating expense total

22.9 m23.6 m23.9 m25.7 m26.7 m26.5 m

EBIT

14.9 m14.6 m11.3 m14.7 m16.9 m14.4 m

EBIT margin, %

20%18%15%18%19%16%

Interest income

68 k51 k120 k123 k296 k271 k

Pre tax profit

14.4 m14.2 m11.6 m15.2 m16.8 m15.7 m

Income tax expense

5.2 m5.1 m3.4 m5.3 m5.6 m5.4 m

Net Income

8.9 m16.7 m24.1 m9.3 m18.4 m26.7 m9.9 m21.1 m31.5 m
USDFY, 2014FY, 2015FY, 2016

Cash

40.7 m66.1 m55.3 m

Inventories

51.2 m51.6 m64.4 m

Current Assets

188.7 m231.2 m250 m

Goodwill

68.2 m70.1 m88.5 m

Total Assets

345.3 m392.2 m451.7 m

Accounts Payable

13.4 m13.7 m15.8 m

Current Liabilities

25 m25.5 m28.6 m

Total Liabilities

47.6 m

Additional Paid-in Capital

118.1 m131.9 m150 m

Retained Earnings

182 m215.6 m252.1 m

Total Equity

306.3 m351 m404.2 m

Financial Leverage

1.1 x1.1 x1.1 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

53.5 m49.1 m57.5 m42.3 m71.4 m66.9 m76.2 m86.3 m59.9 m

Inventories

55.1 m53.5 m55.1 m56.1 m61.5 m65.4 m69.8 m71.7 m75.4 m

Current Assets

201.2 m205.8 m217.3 m235.4 m250.5 m254.9 m268.6 m288.4 m276.8 m

Goodwill

68.2 m70.4 m70.1 m75.3 m75.1 m76 m88.2 m87.6 m104.1 m

Total Assets

357.7 m365.9 m378.4 m409.4 m425.8 m432.2 m468.6 m487.3 m507.3 m

Accounts Payable

13 m11.3 m10.6 m14.8 m20.7 m15.4 m18 m17.3 m17.1 m

Current Liabilities

24.5 m24.1 m26.6 m26.9 m31.2 m27.8 m32.6 m33.9 m34.7 m

Additional Paid-in Capital

121.9 m123.6 m126.8 m138.2 m141.4 m145.3 m155.7 m163.6 m169.7 m

Retained Earnings

190.9 m198.7 m206.2 m224.9 m234 m242.3 m262 m273.2 m283.5 m

Total Equity

318.9 m326.8 m336.7 m365.9 m377.9 m387.9 m417.2 m434.8 m451.7 m

Financial Leverage

1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x
USDFY, 2014FY, 2015FY, 2016

Net Income

28 m33.6 m36.5 m

Depreciation and Amortization

9.2 m10.6 m12.5 m

Accounts Receivable

(11 m)(7.3 m)(6 m)

Inventories

(3.5 m)319 k(9.4 m)

Accounts Payable

2 m412 k704 k

Cash From Operating Activities

21.7 m43.8 m35.3 m

Cash From Investing Activities

(51.3 m)(28.5 m)(61.1 m)

Cash From Financing Activities

19.6 m11 m15.3 m

Income Taxes Paid

10 m10.5 m13.4 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

8.9 m16.7 m24.1 m9.3 m18.4 m26.7 m9.9 m21.1 m31.5 m

Depreciation and Amortization

2.5 m5.2 m7.9 m2.7 m5.7 m8.8 m3.5 m7 m10.7 m

Accounts Receivable

155 k(91 k)(884 k)1.2 m2.5 m3.5 m7.7 m1.8 m5.9 m

Inventories

(3.9 m)(2.1 m)(3.2 m)(3.3 m)(8.8 m)(12.8 m)(5.9 m)(8 m)(9.5 m)

Cash From Operating Activities

10.4 m23.4 m33.5 m6.6 m20.9 m28 m20.3 m29.5 m45.2 m

Cash From Investing Activities

(1.3 m)(18.6 m)(22.3 m)(3.9 m)(9.9 m)(59.2 m)

Cash From Financing Activities

3.8 m4.4 m6.5 m9.1 m11 m4.8 m12.8 m19.5 m
USDY, 2017

Revenue/Employee

71.6 k

Financial Leverage

1.1 x

Neogen Corporation Operating Metrics

FY, 2016

Patents (foreign)

116

Patents (US)

41

Neogen Corporation Market Value History

Neogen Corporation Revenue Breakdown

Traffic Overview of Neogen Corporation

Neogen Corporation Online and Social Media Presence

Neogen Corporation Company Life and Culture

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