Neogen Corp: Quarterly report
Neogen reported revenue growth and narrowing operating losses for the first quarter, though bottom-line results swung to a net loss due to the absence of prior year asset sale gains.
Mixed for the companyWhat the numbers say
Revenue rose 6.5% to $222.8M versus the same quarter last year (1.1% down on the previous quarter); operating margin widened from -7.7% to -0.8%; diluted EPS -$0.05 versus $0.17; cash fell by $13.5M to $172M while debt fell by $19.5M.
What happened
- Total revenues increased to $222.8 from $209.2, supported by strong demand in indicator and pathogen detection products.
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