Neogen Corporation (NEOG) Q1 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.279 I'd like to extend a special welcome to Mike on his first earnings call 00:00:05.279 -- 00:00:09.265 at Neogen. I will now turn things over to him. 00:00:09.265 -- 00:00:13.912 Thank you, Bill. Good morning, everyone, and thank you for joining the call today. 00:00:13.912 -- 00:00:18.740 When I was approached about the opportunity to leave Neogen a few months ago, I was drawn 00:00:18.740 -- 00:00:22.626 by a strong reputation as a leader in both food and animal safety. 00:00:22.626 -- 00:00:27.513 Few companies have the chance to shape a safer, healthier world through innovations like 00:00:27.513 -- 00:00:31.059 Petri film, and comprehensive environmental monitoring. 00:00:31.059 -- 00:00:36.106 However, I also found a company not yet reaching its full operational and financial 00:00:36.106 -- 00:00:37.789 potential. 00:00:37.789 -- 00:00:42.376 I saw an opportunity to make a transformative impact and position Neogen for sustained 00:00:42.376 -- 00:00:47.203 success. Having led the turnaround of the point of care diagnostics business at Siemens 00:00:47.203 -- 00:00:52.611 Healthineers over three years, I drove step changes in performance, and I'm confident 00:00:52.611 -- 00:00:57.322 that experience equips me to deliver similar results at Neogen. 00:00:57.322 -- 00:01:02.628 In my first nine weeks, I've prioritized engaging with our talented team, 00:01:02.628 -- 00:01:05.872 customers, partners, and shareholders. 00:01:05.872 -- 00:01:11.019 Neogen's employees are deeply passionate, and our loyal customer base is equally committed 00:01:11.019 -- 00:01:16.145 to our mission. We're a leader with unique scale, product depth, 00:01:16.145 -- 00:01:21.151 and global capabilities in a highly attractive market, but execution challe...