Neogen ( (NEOG) ) has released its Q2 earnings. Here is a breakdown of the information Neogen presented to its investors.
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Neogen Corporation specializes in developing comprehensive solutions for the Food Safety, Livestock, and Pet Health & Wellness markets, leveraging science and technology to enhance global food security and well-being. The company operates across more than 140 countries, offering a robust network of scientists and technical experts dedicated to optimizing product and technological solutions for its clients.
In its latest earnings report, Neogen disclosed a preliminary net loss of $456.3 million for the second quarter of 2025, primarily due to a non-cash goodwill impairment charge. Despite this, the company reported an adjusted net income of $24.4 million, maintaining a steady $0.11 per diluted share. The total revenue for the quarter was $231.3 million, which reflects a small increase compared to the previous year.
Key financial highlights from Neogen’s report include a core revenue growth of 3.5%, albeit affected negatively by foreign currency and product line impacts. The Food Safety segment experienced a marginal revenue decline, while the Animal Safety segment saw a 2.8% increase, driven largely by biosecurity and animal care products. The company also faced challenges in its Genomics business and recognized material weaknesses in internal controls over financial reporting.
Looking ahead, Neogen has updated its full-year guidance, adjusting expectations due to currency fluctuations and restructuring activities. The company anticipates revenues between $905 million and $925 million, with adjusted EBITDA projected to be between $205 million and $215 million.
Neogen’s management remains focused on strategic restructuring and operational improvements to enhance profitability and market position, despite the current financial setbacks. The company aims to leverage its ongoing integration of the 3M Food Safety business and capitalize on improving market conditions to secure future growth.
