Neogen Reports 18% Increase in Net Income, 12% Increase i... (expense category that increased faster t...)

Neogen Reports 18% Increase in Net Income, 12% Increase in Revenues

Date:9/24/2009

expense category that increased faster than our revenue growth was our planned investment in research and development. We are very pleased to be able to accelerate our R&D spending for Neogen's future, and still report today's exceptional results."

Largely the result of a favorable product mix that included a greater percentage of diagnostic products, Neogen's gross margin increased to 53.4% of sales in its first quarter of the current year, compared to 51.4% of sales in its FY 2009 first quarter. Neogen's operating income for the first quarter equaled 21.5% of the company's quarterly revenues.

"As our consolidated balance sheet data shows, we had an exceptional quarter generating cash, and we now have more than $23 million in cash and investments to pursue a wide variety of growth strategies," said Richard Current, Neogen's chief financial officer. "Our inventories are down in comparison to our prior quarter, as we continue our progress in controlling the level of inventories without impacting sales. Our accounts receivable have increased slightly, but at a pace less than our sales increase. We continue to monitor the financial health of our customers to avoid collection concerns, and have yet to experience significant receivable problems."

Neogen's Food Safety and Animal Safety Divisions posted nearly identical 12% revenue increases in the first quarter compared to the prior year's first quarter. The food safety sales increase was entirely organic, while the year-over-year animal safety increase benefited from the July 2008 acquisition of DuPont cleaners and disinfectants, and the May 2009 acquisition of International Diagnostic Systems (IDS). Acquired IDS products include a number of drug detection diagnostics. Company-wide, Neogen's organic sales grew approximately 9% in the quarter compared to the prior year's first quarter.

The company's quarterly food safety sales improvement w
'/>"/>

SOURCE Neogen Corporation
Copyright©2009 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6
Related biology technology :

1. Neogen Acquires Kane Enterprises
2. Neogen Reports 25% Increase in Net Income, 13% Increase in Revenues
3. Neogen Acquires Assets of Rivard Instruments
4. Neogen Reports 34% Increase in Net Income, 23% Increase in Revenues
5. Neogen Launches Quickest Test Available for Tetracyclines in Milk
6. NeoGenomics Announces Results for the Fourth Quarter and Full Year FY 2007
7. Webcast Alert: Neogen Corporation Announces 3rd Quarter Results
8. Neogen Reports 34% Increase in Net Income, 20% Increase in Revenues
9. NeoGenomics Files Annual Report on Form 10-KSB with the SEC
10. NeoGenomics Schedules Its Q1 2008 Earnings Release for May 7, 2008
11. Neogen Forms Mexican Subsidiary

Post Your Comments:

(Date:12/15/2009)... PHILADELPHIA, Dec. 15 The Center ... Advanstar Communications, is pleased to announce the ... Pharmaceutical/Biotech Accounting and Reporting Congress . The ... Philadelphia, on March 16-17, 2010. ,, Over ... professionals have attended this premier event since ...

(Date:12/14/2009)... Colo. and THOUSAND OAKS, Calif., Dec. 14 /PRNewswire-FirstCall/ ... and Amgen Inc.(Nasdaq: AMGN ) today announced ... exclusive worldwide rights to Array,s small-molecule glucokinase activator ... Phase 1 clinical trial in patients with Type ... of the agreement, Array will receive an upfront ...

(Date:12/14/2009)... 14 Boston Scientific Corporation (NYSE: ... offering of $2 billion aggregate principal amount of its ... The public offering consists of $850 million of 4.50 ... percent notes due January 2020 and $300 million of ... plans to use the net proceeds for general corporate ...

(Date:12/14/2009)... , - Results From a Survey ... in Seven Major Industrialized Countries , , ... their disease, impacts their enjoyment ... with rheumatoid arthritis find shopping for gifts, ... most, difficult to do, ...

Breaking Biology Technology:CBI Announces the Agenda for Their 6th Annual Pharmaceutical/Biotech Accounting and Reporting Congress 2 Array BioPharma and Amgen Partner in Type 2 Diabetes 2 Array BioPharma and Amgen Partner in Type 2 Diabetes 3 Array BioPharma and Amgen Partner in Type 2 Diabetes 4 Array BioPharma and Amgen Partner in Type 2 Diabetes 5 Array BioPharma and Amgen Partner in Type 2 Diabetes 6 Array BioPharma and Amgen Partner in Type 2 Diabetes 7 Boston Scientific Announces Completion of $2 Billion Senior Notes Offering 2 Boston Scientific Announces Completion of $2 Billion Senior Notes Offering 3 Rheumatoid Arthritis Patients Want Pain-Free Days at Christmas 2 Rheumatoid Arthritis Patients Want Pain-Free Days at Christmas 3 Rheumatoid Arthritis Patients Want Pain-Free Days at Christmas 4

[0] CBI Announces the Agenda for Their 6th Annual Pharmaceutical/Biotech Accounting and Reporting Congress [0] Array BioPharma and Amgen Partner in Type 2 Diabetes [0] Boston Scientific Announces Completion of $2 Billion Senior Notes Offering [0] Rheumatoid Arthritis Patients Want Pain-Free Days at Christmas

... study of DNA mismatch repair , , ... has designed RT-PCR primer sets ... genes code for specialized proteins,that participate in correcting ... primer pairs specific for human (hMSH2, hMLH1, hGTBP, ...

... Reliable, PCR-based mycoplasma detection , Douglas McKenzie ... Stratagene introduces the Mycoplasma PCR Primer Set Plus, ... which specifically amplifies an 874-bp,PCR product from a ... an internal,control template that serves as a positive ...

... all demanding molecular biology applications , ... A new technique is now available to ... The convenient spin-format eliminates the need for,resin ... while,easily accommodating simultaneous multiple purifications. The purified ...

Other Biology Technology:RT-PCR Primer Sets for Human and Mouse Mismatch Repair Genes 2 RT-PCR Primer Sets for Human and Mouse Mismatch Repair Genes 3 RT-PCR Primer Sets for Human and Mouse Mismatch Repair Genes 4 RT-PCR Primer Sets for Human and Mouse Mismatch Repair Genes 5 A New PCR-based Mycoplasma Detection Method 2 A New PCR-based Mycoplasma Detection Method 3 A New PCR-based Mycoplasma Detection Method 4 A New PCR-based Mycoplasma Detection Method 5 A New PCR-based Mycoplasma Detection Method 6 A Simple and Rapid Technique to Purify High-Quality Midiprep DNA 2 A Simple and Rapid Technique to Purify High-Quality Midiprep DNA 3 A Simple and Rapid Technique to Purify High-Quality Midiprep DNA 4

RT-PCR Primer Sets for Human and Mouse Mismatch Repair Genes A New PCR-based Mycoplasma Detection Method A Simple and Rapid Technique to Purify High-Quality Midiprep DNA

(Date:12/13/2009)... genetic variants that are associated with the health of ... of 96 scientists from 63 centres in Europe and ... lung diseases. , The new findings provide hope for ... Disease (COPD) and asthma. In the past it has ... pathways that affect the health of the lung are ...

(Date:12/11/2009)... ROUGE, LAKeeping with the global "green" trend, ... education lessons to enhance students, science knowledge. ... into the curriculum raises not just science ... scores in other subject areas. Naturally, educators ... integrate these relevant lessons into the classroom ...

(Date:12/11/2009)... species of wild apples that could be an ancestor ... and Central Asia. A new study comparing the diversity ... Georgia and Armenia with previously collected varieties originating in ... a core collection that will make M. orientalis ... , To identify and record the genetic diversity of ...

[0] New genes for lung disease discovered [0] Students learn environmental stewardship, improve science scores [0] Understanding apples' ancestors

... the fundamental laws of the universe, science is still ... about the meaning of life, the existence of God ... Is that because science is not sufficiently advanced to ... approach to science is incapable of answering humanitys deepest ...

... In a forthcoming special issue of the Inderscience ... (2008, Volume 32, Issue 4), researchers from various ... to track the dispersal of atmospheric pollutants, particulates, ... Joef Stefan Institute, in Ljubljana, Slovenia, provides an ...

... long-term results from a clinical trial presented today ... organized by the European Society for Medical Oncology ... of Lung Cancer (IASLC) show that MAGE-A3 ASCI ... cancer patients, reduces the risk of relapse after ...

Other Biology News:Finding God with biocomplexity 2 Finding God with biocomplexity 3 Biomonitoring 2 Cancer immunotherapy shows long-term promise in lung cancer 2

Finding God with biocomplexity Biomonitoring Cancer immunotherapy shows long-term promise in lung cancer

Bethyl Laboratories packages antibodies, conjugates and calibrators to provide quantitative ELISA kits. Each kit contains the following components, sufficient for 1000 single well assays....

quantitation of phosphatase activity, evaluation of hits and leads from HTS...

Bethyl Laboratories packages antibodies, conjugates and calibrators to provide quantitative ELISA kits. Each kit contains the following components, sufficient for 1000 single well assays....

Biology Products:

Cat IgM ELISA Kit from Bethyl Laboratories Phosphatase Colorimetric Assay Kit from BioAssay Systems Horse IgGb ELISA Kit from Bethyl Laboratories Dog IgE ELISA Kit from Bethyl Laboratories

Neogen Reports 18% Increase in Net Income, 12% Increase i...(expense category that increased faster t...)