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Neogen Corp (NEOG)
NASDAQ:NEOG
Earnings Data
Report Date
Apr 09, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.01Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 10, 2025
|% Change Since: -35.81%
|Next Earnings Date:Apr 09, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with positive developments in core revenue growth, new product launches, and operational improvements. However, these were offset by significant challenges such as foreign exchange headwinds, declines in the genomics segment, production delays, and increased costs. Overall, the company is taking restructuring actions to address these issues, but the immediate financial outlook remains uncertain.Company Guidance
During the Neogen Corporation's Q2 2025 earnings call, the company reported several key metrics and guidance updates. Core revenue for the quarter was $231 million, reflecting a 3.5% growth, with notable contributions from pricing strategies. The Food Safety segment generated $164 million, maintaining flat growth due to foreign exchange headwinds, while core growth excluding these headwinds was nearly 4%. The Animal Safety segment contributed $67 million, with a core revenue increase of 3.2%. Despite a decline in the genomics business by mid-single digits, due to strategic shifts and market challenges, the company highlighted sequential margin expansion and an improvement in free cash flow by $80 million compared to Q1. Adjusted EBITDA was reported at $51 million, equating to a margin of 22.2%, although this was impacted by the full costs of exiting transition agreements and higher shipping costs. Neogen updated its full-year revenue guidance, primarily due to foreign exchange headwinds, lower genomics revenue from restructuring, and delays in sample collection production, while maintaining a focus on achieving positive free cash flow for the year.Core Revenue Growth
Core revenue grew 3.5% for the quarter, with the Food Safety segment seeing core growth of nearly 4% and Animal Safety segment improving 11% from the first quarter.
Animal Safety Segment Recovery
Animal Safety segment returned to growth after a weak first quarter, with core revenue up 3.2% and positive sales growth out of distribution channels.
Operational Improvements
Initiatives to drive improvements in shipping and distribution operations are expected to show benefits in the third quarter.
New Product Launch
Introduction of Bacillus cereus count plate, the first new Petrifilm plate in 7 years, expanding the food safety product portfolio.
Restructuring for Profitability
Restructuring actions in genomics business to focus on large production animals and drive higher profitability.
Decreased Capital Expenditures
Quarterly capital expenditures are expected to decrease in the second half of the year, aiding in positive free cash flow.
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NEOG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NEOG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 10, 2025 | $13.07 | $12.36 | -5.43% |
| Oct 10, 2024 | $14.85 | $13.79 | -7.14% |
| Jul 30, 2024 | $17.30 | $17.58 | +1.62% |
| Apr 09, 2024 | $14.38 | $13.04 | -9.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Neogen Corp (NEOG) report earnings?
Neogen Corp (NEOG) is schdueled to report earning on Apr 09, 2025, TBA Not Confirmed.
What is Neogen Corp (NEOG) earnings time?
Neogen Corp (NEOG) earnings time is at Apr 09, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NEOG EPS forecast?
NEOG EPS forecast for the fiscal quarter 2025 (Q3) is -0.02.
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