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Neogen Corporation  (NEOG)
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Neogen Corporation

NEOG's Financial Statements and Analysis



Neogen Corporation reported in the first quarter of 2024 net earnings per share of $0.01 a decrease by -80 % year on year from $0.05 and decline of -41.96 % from $0.02 earned in IV. Quarter (May 31 2023).


first quarter of 2024
Earnings Per Share Revenues
$ 0.01 $  229 Mill
$-0.04     -80 % $+96M     +72.85 %



Neogen's Revenue rose by 72.85 % in first quarter of 2024 (Aug 31 2023) year on year, to $229 million and declined by -5.2 % sequentially.


Neogen is

More on NEOG's Income Statement



Neogen's net income of $1.503 million in the first quarter of 2024 decreased by -71.15 % from net earnings of $5.209 million achieved in I. Quarter a year ago.

Sequentially net earnings fell by -73.03 % from net income of $5.572 million realized in previous quarter.

More on NEOG's Growth

Neogen Inventories
Inventories grew by 9.03 % to $141 million from I. Quarter a year ago, sequentially inventories rose by 5.14 %. NEOG's Cash flow In the first quarter of 2024 company's net cash flow was $16 million, capital expenditures fell by -12.996135.69%, to $-31 millions compare to same quarter a year ago

More on NEOG's Cash flow Statement


Neogen Corporation does not pay out common stock dividend.

In trailing twelve-month period Neogen Corporation earned $ 0.36 cash per share, on a free-cash flow basis .

Book value fell by -11.78 % sequentially to $14.51 per share, -1,577.41% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value grew to $ -2.67 per share from $ -3.12.

Company issued 26.26 million shares or 13.78 % in Aug 31 2023.


More on NEOG's Dividends

 Market Capitalization (Millions) 2,633
 Shares Outstanding (Millions) 217
 Total Debt (Millions $) 886
 Revenue (TTM) (Millions $) 918
 Net Income (TTM) (Millions $) -27
 Cash Flow (TTM) (Millions $) 72
 Capital Exp. (TTM) (Millions $) -83
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 1,700




Neogen Corporation does not pay out common stock dividend.

In trailing twelve-month period Neogen Corporation had $ 0.36 cash flow per share, on a free-cash flow basis .

Book value fell by -11.78 % sequentially to $14.51 per share, -1,577.41% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value grew to $ -2.67 per share from $ -3.12.

Company issued 26.26 million shares or 13.78 % in Aug 31 2023.


More on NEOG's Balance Sheets

 Market Capitalization (Millions) 2,633
 Shares Outstanding (Millions) 217
 Total Debt (Millions $) 886
 Revenue (TTM) (Millions $) 918
 Net Income (TTM) (Millions $) -27
 Cash Flow (TTM) (Millions $) 72
 Capital Exp. (TTM) (Millions $) -83
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 1,700
   


  News about Neogen Corporation Earnings

NEOG's Financial Performance Takes a Dive: Earnings per Share Plummet During June to August 2023, Raising Concerns



Neogen Corporation, a well-known company, recently released its financial results for the period of June to August 31, 2023. These results present a mixed performance, with revenue showing a significant increase, while income per share experienced a notable decline. This article aims to interpret the financial data and delves into the potential impacts these results may have on the company's future.
Revenue Growth and Income Per Share Decline:
Despite witnessing a staggering 72.847% increase in revenue during the specified period, Neogen Corporation witnessed a decline in income per share. The income per share dropped from $0.05 to $0.01, a significant decrease of $0.01 per share in compari...

Neogen Corporation Achieves Remarkable 72.256% Revenue Surge Throughout Q1-Q2 2023

Over the past five trading days, the stock of Neogen Corporation has experienced a decline of -4.7%. This brings the year-to-date performance of the stock to 47.44%. Additionally, the stock is currently 6.6% short off its 52-week high.
In its May 31, 2023 report, Neogen Corporation announced a net profit per share of $0.02 and revenue of $218.26 million. This reflects a sharp decline in income compared to the fourth quarter of 2022 when the company earned $0.14 EPS. However, during the same period, revenue rose by an impressive 72.256%. Neogen Corporation has clearly outperformed its peers in the In Vitro and In Vivo Diagnostic Substances sector, which only showed 12.35% revenue growth during this time.<...


Date modified: 2023-10-11T11:03:30+00:00





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