Sales of veterinary products through over-the-counter distributor channels were led by strong increases in sales of products to treat wounds, and leg and foot conditions. The company's Ideal Instruments brand, including disposable needles and syringes, also had a solid quarter with sales growth of 11% compared to the previous year's first quarter.
Neogen Corporation develops and markets products dedicated to food and animal safety. The company's Food Safety Division markets diagnostic test kits to detect foodborne bacteria, natural toxins, genetic modifications, food allergens, drug residues, plant diseases, and sanitation concerns, and dehydrated culture media. Neogen's Animal Safety Division markets a complete line of diagnostics, veterinary instruments, veterinary pharmaceuticals, nutritional supplements, disinfectants, and rodenticides.
NEOGEN CORPORATION SUMMARIZED UNAUDITED CONSOLIDATED OPERATING DATA (In thousands, except for percentages and per share amounts) Quarter Ended Aug. 31 2009 2008 ---- ---- Revenue Food Safety $17,476 $15,549 Animal Safety 14,871 13,256 ------ ------ Total revenue 32,347 28,805 Cost of sales 15,077 14,001 ------ ------ Gross margin 17,270 14,804 Other expenses Sales & marketing 5,972 5,619 Administrative 2,890 2,580
|SOURCE Neogen Corporation|
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