Trade Neogen Corp - NEOG CFD

Neogen Company profile

About Neogen Corporation

Neogen Corporation is a developer, manufacturer, and marketer of a range of products and services dedicated to food and animal safety. The Company operates through two segments: Food Safety and Animal Safety. The Food Safety segment is primarily engaged in the development, production and marketing of diagnostic test kits, culture media 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 development, production and marketing of products dedicated to animal safety, including consumable products marketed to veterinarians and animal health product distributors. This segment also provides genomic identification and related interpretive bioinformatic services. Additionally, the Animal Safety segment produces and markets rodenticides, disinfectants and insecticides.

Financial summary

BRIEF: For the six months ended 30 November 2021, Neogen Corporation revenues increased 15% to $258.8M. Net income decreased 12% to $27.9M. Revenues reflect Food Safety segment increase of 16% to $129.9M, Animal Safety segment increase of 15% to $129M, International segment increase of 20% to $104.7M, Domestic segment increase of 12% to $154.2M. Net income was offset by Corporate and Eliminations segment loss increase from $3.2M to $12.3M.

Equity composition

Common Stock $0.16 Par, 03/11, 30M auth., 23,190,000 issd. Insiders & Stakeholder owns 6.65%. IPO:8/89, 1,380,000 shares @ $5 by Roney & Co. PO 10/96, 1.5M shares @ $7.50 by Roney & Co. 1/04, 5-for-4 stock split. 9/07, 3-for-2 stock split. 12/09, 3-for-2 reverse stock split. 10/13, 3-for-2 Stock split.