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Stock impact report

Neogen Q2 Earnings Call Highlights [Yahoo! Finance]

Neogen Corporation (NEOG) 
Last neogen corporation earnings: 3/24 08:45 am Check Earnings Report
US:NASDAQ Investor Relations: neogen.com/en/investor-information
Company Research Source: Yahoo! Finance
EBITDA was $48.7 million (21.7% margin); management raised full-year guidance to $845–$855M revenue and ~ $175M adjusted EBITDA. Transformation and operational fixes underway: New leadership is targeting roughly $20 million of annualized cost savings, resolving sample-collection backorders (expected to return to profitability in H2) and keeping the critical Petrifilm manufacturing transfer on track. Balance sheet actions and cautious tone: Neogen ended the quarter with $800M gross debt and $145.3M cash, reported improving free cash flow, and is pursuing a genomics divestiture (proceeds to prioritize debt reduction) while maintaining conservative guidance assumptions for the back half of the year. Interested in Neogen Corporation? Here are five stocks we like better. Neogen (NASDAQ:NEOG) executives told investors the company delivered “encouraging early progress” in its fiscal second quarter as it begins what CEO Mike Nasif described as a transformation focused on improving gro Show less Read more
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