Neogen Posts Lower Revenue on Supplier Challenges, But Raises Top-Line Outlook

Dow Jones04-09 19:30

By Nicholas G. Miller

Neogen reported lower fiscal third-quarter revenue as third-party supplier challenges weighed on its animal safety business, but the company raised its fiscal-year revenue outlook and said it was seeing growth in its food safety division.

The company posted a loss of $17 million, or 8 cents a share, compared with a loss of $10.9 million, or 5 cents a share, the year prior.

Adjusted earnings were 9 cents a share. Analysts polled by FactSet had expected 6 cents a share.

Revenue fell 4.4% to $211.2 million. Wall Street had expected $204.5 million. Food safety revenue rose 2.6%, while animal safety revenue fell 20%, which the company said was due to third-party supplier challenges in the quarter.

"In the third quarter our Animal Safety business suffered several third-party, supply-based, setbacks leading to lower-than-anticipated growth, and we are actively engaged in improving these production-related challenges through our supplier qualification and sales and operations planning process," said Chief Executive Mike Nassif.

The company raised its fiscal-year revenue guidance to $857 million to $860 million, up from its previous forecast of $845 million to $855 million. Analysts see fiscal-year revenue of $850.6 million.

"We are emboldened by the continued strength in core growth in our Food Safety segment," Nassif said.

Write to Nicholas G. Miller at nicholas.miller@wsj.com

(END) Dow Jones Newswires

April 09, 2026 07:30 ET (11:30 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Food safety revenue rose 2.6%, while animal safety revenue fell 20%, which the company said was due to third-party supplier challenges in the quarter. \n</p>\n<p>\n  \"In the third quarter our Animal Safety business suffered several third-party, supply-based, setbacks leading to lower-than-anticipated growth, and we are actively engaged in improving these production-related challenges through our supplier qualification and sales and operations planning process,\" said Chief Executive Mike Nassif. \n</p>\n<p>\n  The company raised its fiscal-year revenue guidance to $857 million to $860 million, up from its previous forecast of $845 million to $855 million. Analysts see fiscal-year revenue of $850.6 million. \n</p>\n<p>\n  \"We are emboldened by the continued strength in core growth in our Food Safety segment,\" Nassif said. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. 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Miller \n\n\n \n\n\n  Neogen reported lower fiscal third-quarter revenue as third-party supplier challenges weighed on its animal safety business, but the company raised its fiscal-year revenue outlook and said it was seeing growth in its food safety division. \n\n\n  The company posted a loss of $17 million, or 8 cents a share, compared with a loss of $10.9 million, or 5 cents a share, the year prior. \n\n\n  Adjusted earnings were 9 cents a share. Analysts polled by FactSet had expected 6 cents a share. \n\n\n  Revenue fell 4.4% to $211.2 million. Wall Street had expected $204.5 million. Food safety revenue rose 2.6%, while animal safety revenue fell 20%, which the company said was due to third-party supplier challenges in the quarter. \n\n\n  \"In the third quarter our Animal Safety business suffered several third-party, supply-based, setbacks leading to lower-than-anticipated growth, and we are actively engaged in improving these production-related challenges through our supplier qualification and sales and operations planning process,\" said Chief Executive Mike Nassif. \n\n\n  The company raised its fiscal-year revenue guidance to $857 million to $860 million, up from its previous forecast of $845 million to $855 million. Analysts see fiscal-year revenue of $850.6 million. \n\n\n  \"We are emboldened by the continued strength in core growth in our Food Safety segment,\" Nassif said. \n\n\n \n\n\n  Write to Nicholas G. 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