$NEOG (Neogen Corp.)

$NEOG {{ '2016-04-18T15:12:25+0000' | timeago}} • Announcement

$NEOG said Dr. Richard Crowder has resigned as a member of its BoD, effective April 30, 2016. Crowder, who resigned for personal reasons, has been a member of the BoD since 2009 and was elected to a new three-year term in Oct. 2015. The company advises that the BoD is expected to appoint an interim director to complete Crowder's term.

$NEOG {{ '2018-01-03T15:11:55+0000' | timeago}} • Announcement

Revenue of $NEOG rose 12% to $101.8MM in 2Q18. In the quarter, net income soared 53% to $17.1MM or $0.33 per diluted share, adjusted for a 4-for-3 stock split.

$NEOG {{ '2018-01-02T14:44:27+0000' | timeago}} • Announcement

$NEOG announced that all shares of its common stock will begin trading on a post-split basis to reflect the company’s 4-for-3 stock split. The price of the common stock will be adjusted downward by 25% from $82.21 to approx. $61.66 to account for the split. The adjusted price will be in effect on Jan. 2, 2018.

$NEOG {{ '2017-12-08T15:00:15+0000' | timeago}} • Announcement

$NEOG's BoD has approved a 4-for-3 stock split. As of Dec. 8, Neogen has about 38.63MM shares of common stock outstanding. After the split, the company will have about 51.5MM shares of common stock outstanding. This is the company's fifth stock split. The most recent was a 3-for-2 split in October 2013.

$NEOG {{ '2017-12-08T14:58:33+0000' | timeago}} • Announcement

$NEOG's BoD approved a 4-for-3 stock split. With the split, shareholders of record on Dec. 18, 2017, will receive 1 additional share of stock for each 3 shares held. The stock split will be effected in the form of new common stock being issued on Dec. 29, 2017, to shareholders of record as of the close of business on Dec. 18, 2017.

$NEOG {{ '2017-12-06T17:42:58+0000' | timeago}} • Announcement

$NEOG announced that Ed Bradley, VP of the Food Safety division, has advised the company of his intentions to retire to pursue his personal interests. $NEOG has instituted a search for Bradley’s replacement, but in the meantime, he will continue to be available on a consulting basis to CEO John Adent.

$NEOG {{ '2017-09-22T14:20:01+0000' | timeago}} • Announcement

$NEOG, a developer and marketer of food and animal safety products, announced that Richard Calk, President and COO, has resigned from the company to pursue alternative opportunities. Calk’s duties have been assumed by John Adent, who will now serve as President and CEO. Adent joined the company as CEO on July 17, 2017.

$NEOG {{ '2017-09-19T13:40:41+0000' | timeago}} • Announcement

During 1Q18, $NEOG's Animal Safety segment revenue increased 9% YoY, driven by significant growth in its genomics business. Revenues from Worldwide animal genomics business increased 29% from a year earlier. The rise was basically due to increased market share in the global cattle and poultry markets.

$NEOG {{ '2017-09-19T13:39:04+0000' | timeago}} • Announcement

Food safety company $NEOG reported a 20.57% increase in its 1Q18 earnings, driven by a revenue jump of 13.88% in the quarter. Net income rose to $11.91MM, or $0.31 per share from $9.88MM, or $0.26 per share a year earlier. Revenue rose to $95.25MM from $83.64MM a year ago.

$NEOG {{ '2017-07-17T13:08:38+0000' | timeago}} • Announcement

$NEOG appointed John Adent as CEO, effective immediately. James Herbert, the company’s founder and former CEO, will remain as executive chairman and work closely with Adent in the transition of responsibilities.

$NEOG {{ '2017-07-10T15:50:19+0000' | timeago}} • Announcement

$NEOG developed an innovative test that detects Listeria in environmental samples in under 60 minutes, without the need to enrich samples. The test is also under review for AOAC Performance Tested certification to further validate its accuracy.

$NEOG {{ '2017-06-19T16:35:46+0000' | timeago}} • Announcement

$NEOG announced the availability of next generation sequencing services for the food industry, which will enable food companies to accurately identify all bacteria in a sample in a single genomic test. The new NeoSeek tests will be performed at $NEOG's GeneSeek facilities in Lincoln, Neb.

$NEOG {{ '2017-06-05T14:59:07+0000' | timeago}} • Announcement

$NEOG expanded its comprehensive line of food allergen test kits to include a test for sesame that can be used to screen samples at a set level, or provide precise quantitative results. $NEOG's new Veratox for Sesame Allergen test provides results in just 30 minutes after extraction.

$NEOG {{ '2017-05-23T14:57:06+0000' | timeago}} • Announcement

$NEOG developed innovative Recall Support Services program to better serve needs of food industry customers facing product recall, or preparing for possibility of recall. This emphasizes $NEOG's experience and expertise, as well as testing products and services to help guide a company through a recall, and also to identify source of contamination.

$NEOG {{ '2017-03-21T16:39:04+0000' | timeago}} • Webcast

$NEOG's distribution system on the Animal Safety side is slightly different than the Food Safety side as the former deals with larger products and needs trucks and warehouses. The distribution system in the US is well-established but it is still expanding in other places. On the Food Safety side, the company is able to adopt a more direct system.

$NEOG {{ '2017-03-21T16:05:43+0000' | timeago}} • Webcast

$NEOG's Illumina partnership is going well and shows opportunity for expansion around the world. In February, for genetic testing, the company did 218,000 samples in one month pushing it to well over 2MM samples in 2017 which would make $NEOG the world’s largest animal genomics testing laboratory. The Scotland business is also showing progress.

$NEOG {{ '2017-03-21T15:30:17+0000' | timeago}} • Webcast

In 3Q17, $NEOG’s sales of rapid tests to detect drug residues in forensic samples increased 39% compared to 3Q16 due mainly to the lab business in the US and Brazil. The company also had a significant increase in sales of durable syringes for the veterinary market.

$NEOG {{ '2017-03-21T15:21:01+0000' | timeago}} • Webcast

During 3Q17, $NEOG’s Food Safety segment revenues increased 24% compared to the prior year, aided in part by recent acquisitions. Organic growth for this segment was 12%. Sales performance was led by a 29% increase in sales of $NEOG’s rapid tests to detect natural toxins. Sales of rapid tests for food allergens such as milk and gluten grew 14%.

$NEOG {{ '2017-03-21T13:16:55+0000' | timeago}} • Announcement

During 3Q17, $NEOG's revenues for Animal Safety segment rose 8% YoY. Revenues from Worldwide animal genomics business rose 20% YoY. The rise was basically due to increased testing capability gained through expansion of testing facilities in Scotland.

$NEOG {{ '2017-03-21T13:12:06+0000' | timeago}} • Announcement

Medical testing kits maker $NEOG reported 24% increase in its 3Q17 earnings, helped by higher revenues compared to 3Q16. Net income rose to $10.28MM, or $0.27 per share, compared to $8.31MM, or $0.22 per share during 3Q16. Revenues rose 15% YoY to 88.38MM from $76.72MM during prior year quarter.

$NEOG {{ '2017-01-24T15:10:10+0000' | timeago}} • Announcement

$NEOG terminated its agreement with $SNES related to the manufacturing and marketing of a rodenticide being developed by $SNES. The two firms had worked together since 2014, prior to the time when the $SNES product was approved by the U.S. Environmental Protection Agency.

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