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Neogen Reports 26% Increase in Revenues
Date:9/24/2008

sinfectants, and rodenticides.

NEOGEN CORPORATION SUMMARIZED UNAUDITED CONSOLIDATED OPERATING DATA

(In thousands, except for percentages and per share amounts)

Quarter Ended Aug. 31

2008 2007

Revenue

Food Safety $15,549 $13,759

Animal Safety 13,256 9,150

Total revenue 28,805 22,909

Cost of sales 14,001 10,612

Gross margin 14,804 12,297

Other expenses

Sales & marketing 5,619 4,678

Administrative 2,580 2,330

Research & development 952 742

Total other expenses 9,151 7,750

Operating income 5,653 4,547

Other revenue 205 164

Income before tax 5,858 4,711

Income tax 2,125 1,700

Net income $3,733 $3,011

Net income per diluted share $0.25 $0.21

Other information:

Shares to calculate per share 15,031 14,574

Depreciation & amortization $948 $818

Interest expense - -

Gross margin (% of sales) 51.4% 53.7%

Operating income (% of sales) 19.6% 19.8%

Revenue increase vs.
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SOURCE Neogen Corporation
Copyright©2008 PR Newswire.
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