Welcome to our dedicated page for Neogen news (Ticker: NEOG), a resource for investors and traders seeking the latest updates and insights on Neogen stock.
Neogen Corporation reports developments tied to its food safety and animal safety businesses, including diagnostic tests, environmental monitoring products, veterinary products and related manufacturing operations. Company updates commonly cover foodborne pathogen detection, Listeria testing, AOAC method certification, Petrifilm manufacturing activity, and product quality or recall matters involving animal health products.
Neogen news also includes quarterly operating results, segment performance in Food Safety and Animal Safety, business transformation updates, leadership and compliance appointments, and governance matters. Its recurring disclosures connect scientific validation, manufacturing execution, customer markets and regulatory interactions across food safety, livestock, and pet health and wellness applications.
NEOGEN Corporation (NASDAQ: NEOG) has announced a partnership with the Center for Aquaculture Technologies (CAT) to enhance genotyping services for aquaculture producers. This collaboration aims to leverage advanced sequencing and genotyping technologies to improve selection accuracy and performance in breeding programs. NEOGEN's President, John Adent, emphasized the role of this partnership in strengthening the global food chain. The companies have previously cooperated on cost-effective genomic solutions, including the GeneSeek 50K Genomic Profiler for key aquaculture species.
NEOGEN Corporation's Soleris Direct Yeast and Mold test has secured the Performance Tested Methods Certification from the AOAC Research Institute for assessing yeasts and molds in dried cannabis flower. This certification enhances the test's existing approvals for various food products. NEOGEN's President and CEO, John Adent, highlighted the test's role in addressing safety concerns within the cannabis industry. The Soleris system utilizes an automated optical process to detect microbial contamination swiftly, ensuring product safety across food and personal care sectors.
NEOGEN Corporation (Nasdaq: NEOG) has received initial expedited registration from the U.S. EPA for its NEOGEN® Viroxide Super™ disinfectant, aimed at combating the spread of COVID-19. This peroxygen-based disinfectant is effective against various viruses and bacteria, including Staphylococcus aureus and canine parvovirus. Designed for diverse applications, it offers a simple preparation process with a color change indicating readiness. NEOGEN's broader suite of biosecurity products also supports disease prevention efforts across agricultural markets.
NEOGEN Corporation (NASDAQ: NEOG) announced a two-for-one stock split, approved by its Board of Directors. This will enable each shareholder of record on May 26, 2021, to receive an additional share for each share held, with new shares distributed on June 4, 2021. Currently, NEOGEN has about 53.7 million shares outstanding, which will increase to approximately 107.4 million following the split. This marks the company's sixth stock split in its 39-year history, highlighting the Board's confidence in NEOGEN's long-term growth and enhancing stock liquidity for investors.
NEOGEN Corporation (NASDAQ: NEOG) has launched the enhanced AccuPoint® Advanced sanitation monitoring system, designed for user-friendly operation and improved result analysis. This new generation system features a modern handheld device with an ergonomic design, Wi-Fi connectivity for secure data transfer, and a photodiode multiplier lens for precise measurements. The AccuPoint Advanced NG is the only system that utilizes a flat tip sampler for effective ATP recovery and incorporates RFID technology for efficient testing. This system is recognized as a gold standard in sanitation monitoring within food production facilities.
NEOGEN Corporation (NASDAQ: NEOG) has launched its NEOGEN Analytics environmental monitoring program (EMP) for food and beverage manufacturers, offering a full year of service at no cost. The EMP facilitates remote monitoring, automates reporting, and enhances food safety compliance. This initiative is in response to increased demands for transparency in food safety, accelerated by the COVID-19 pandemic. The program aims to eliminate manual data entry errors and improve operational efficiencies, ultimately providing better resource allocation and increased customer satisfaction.
NEOGEN Corporation (NASDAQ: NEOG) announced a $25,000 donation to the National FFA Organization following the conclusion of their sponsorship agreement. This contribution aims to support agricultural education and combat COVID-19. NEOGEN's CEO, John Adent, emphasized the importance of fostering the future leaders in agriculture. The National FFA Organization, with over 760,000 members, is dedicated to developing student leadership through agricultural education. NEOGEN specializes in food and animal safety products.
Neogen Corporation reported a 17% increase in Q3 revenues, totaling $116.7 million, compared to $99.9 million last year. Year-to-date revenues rose 10% to $341.0 million. Net income for Q3 reached $13.4 million, up 10% from $12.2 million, with EPS at $0.25, compared to $0.23 a year ago. The company noted strong performance in its Food Safety segment, boosted by product line growth and international acquisitions. However, earnings were impacted by $2 million in non-recurring expenses related to unsuccessful acquisitions and lower interest income.
Neogen Corporation (NASDAQ: NEOG) announced the retirement of G. Bruce Papesh from its Board of Directors after 27 years of service. Papesh played a significant role in guiding the company from $8 million in annual revenues to $418 million as of May 31 in the latest fiscal year. His investment expertise was crucial during Neogen's early struggles and subsequent growth. The current Board now includes James Borel, John Adent, and six others. Neogen specializes in food and animal safety products, offering diagnostic test kits and healthcare solutions.
Neogen Corporation (NASDAQ: NEOG) has launched Early Warning™ COVID-19 Testing for wastewater, aimed at detecting SARS-CoV-2 in sludge from wastewater facilities. This reliable test provides quick results to identify outbreaks and potential infections, supporting public health initiatives. CEO John Adent emphasized its importance for communities and industries to maintain safety during the pandemic. The test, developed with RAIN Incubator, allows for targeted responses in areas with high viral loads, thereby reducing transmission risks. Neogen also offers disinfectants and sanitizers to combat COVID-19.