Business
Neogen Announces Second-Quarter 2026 Results
Revenue of $224.7 million, a decrease of 2.8% YoY; Core growth1 increased 2.9% YoY Net loss of $15.9 million; Adjusted Net Income1 of $22.6 million Adjusted
About this update from Neogen Corporation
[{"type":"text","content":"\n\nRevenue of $224.7 million, a decrease of 2.8% YoY; Core growth1 increased 2.9% YoY\n\n\n\nNet loss of $15.9 million; Adjusted Net Income1 of $22.6 million\n\n\n\nAdjusted EBITDA1 of $48.7 million; Adjusted EBITDA margin1 increased 470 bps sequentially\n\n\n\nCompany hires key senior commercial leaders\n\n\n\nPetrifilm manufacturing transition remains on track\n\n\n\nRaising FY 2026 revenue and Adjusted EBITDA guidance\n\n\n\n1 Non-GAAP financial measures; see explanations and reconciliations that follow\n\n\n LANSING, Mich.--(BUSINESS WIRE)--\nNeogen Corporation (NASDAQ: NEOG) announced today the results of the second quarter ended November 30, 2025.\n\n\n“I am exceptionally proud of the Neogen team as we have initiated the first phase of our strategic transformation with early work focused on stabilizing and strengthening our core business. While it is early in the process, and our industry is currently seeing macro headwinds, our team drove significant sequential improvement in core revenue growth and profitability in the second quarter,” said Mike Nassif, Neogen’s Chief Executive Officer and President.\n\n\n“As we look to the second half of the fiscal year, we remain highly focused on the integration of Petrifilm and optimization of sample collection manufacturing, as well as enhancing our solutions-based selling approach and implementing a continuous review of resource allocation across the enterprise. To accelerate this transition, we have recently strengthened our leadership team with world-class talent, including key additions to our commercial organization. These strategic hires will further align our focus on disciplined operational execution with our core objectives of reigniting revenue growth, improving profitability and delivering shareholder value.”\n\n\nFinancial and Business Highlights\n\n\nRevenues for the second quarter were $224.7 million, a decrease of 2.8% compared to $231.3 million in the prior year. Core revenue, which excludes the impacts of foreign currency translation, as well as divestitures and discontinued product lines, increased by 2.9%. Divestitures and discontinued product lines represented a 6.6% negative impact, while foreign currency had a positive impact of 0.9%.\n\n\nNet Loss for the second quarter was $15.9 million, or $(0.07) per diluted share, compared to a net loss of $456.3 million,...