Neogen Corp. (NASDAQ:NEOG) Q1 2021 Earnings Conference Call - Final Transcript

Sep 22, 2020 • 11:00 am ET

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Neogen Corp. (NASDAQ:NEOG) Q1 2021 Earnings Conference Call - Final Transcript

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Q & A
Executive
John Adent

and we were up 8. So we're outperforming the market. I'd love to get a little tailwind from the market. But I don't think that's going to happen for the next couple of quarters. But that doesn't stop us from growing.

Analyst
David Westenberg

Thank you for taking my follow ups.

Executive
John Adent

Yeah. Thanks, David.

Operator
Operator

Our next question comes from Jon Braatz from Kansas City Capital. Jon, you're on live. Please go ahead.

Analyst
Jon Braatz

Good morning. John, if there was a significant outbreak of African swine fever in Europe, how might that compare to the impact the African swine fever had on in China in terms of maybe sales of your disinfectant products and cleaning products? I'm sort of trying to get an idea of what, how Europe might be same or different than China.

Executive
John Adent

Yeah, I think the -- Thanks, Jon, thanks for the question. The difference is the type of farming -- swine farming between the two regions. So when you think of China there even though there is large industrial farms, there's so many backyard farms that when the disease spreads, it's just spread like wildfire because it was all those backyard hogs nose to nose touching the fences just spread through the whole country.

Europe is going to have much better biosecurity measures. So while the outbreak will be -- could be severe and devastating for the industry, I don't think it will be as big a ramification from an economic standpoint as it did in Asia. Now, that still benefits us from a standpoint of increased hygiene protocols and increased cleaning and frequency, right.

So if you are -- if your process was you're going to clean out that barn between lots of hogs and you may clean it, disinfectant it and then bring in the next load, I can see very easily where they would clean it, disinfect it, clean it, disinfect it and use our ATP test to make sure there is nothing left over clean it again, and then bring in hogs.

Analyst
Jon Braatz

Okay. Is the bio-security protocol in the hog farms in Europe as up to the US standards? I've been to a couple of [Speech Overlap].

Executive
John Adent

Oh, yes.

Analyst
Jon Braatz

Okay.

Executive
John Adent

Especially in Western Europe, I mean they're very sophisticated.

Analyst
Jon Braatz

Yeah, yeah. I thought so. All right, thank you very much John.

Executive
John Adent

Yeah. Thank you.

Operator
Operator

This concludes our question-and-answer session. I would like to turn the conference back over to John Adent, President and CEO for any closing remarks.

Executive
John Adent

Great, thank you. Thank you, Matt, and thank you all for joining us today and if you haven't already, please make sure that you return your proxy votes via mail and whether you vote via mail or not, you're certainly welcome to attend our Virtual Annual Meeting which is going to be Thursday, October 8th. So if you'd like to attend, please contact Rod Poland if you have any questions on how to participate.

So thank you all very much. We appreciate your support.

Operator
Operator

[Operator Closing Remarks].