Neogen Q1 EPS USD -0.05
NEOG•Neogen reported Q1 revenue of $222.8 million, net income of -$11.9 million and adjusted net income of $17.5 million. It forecast fiscal-year revenue of $885 million to $890 million and adjusted EBITDA of $181 million to $183 million.
1. Quarterly results
Neogen reported Q1 revenue of $222.8 million, compared with an IBES estimate of $208.2 million. Net income was -$11.9 million, adjusted net income was $17.5 million and adjusted EBITDA was $41.6 million, with an adjusted EBITDA margin of 18.7%.
2. Fiscal-year outlook
Neogen forecast fiscal-year revenue of $885 million to $890 million, versus an IBES estimate of $883.2 million. Its adjusted EBITDA outlook was $181 million to $183 million, compared with an IBES estimate of $179.2 million.
