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Neogen Reports 26% Increase in Revenues

FY 2008 25.7%

Net income increase vs. FY 2008 24.0%


(In thousands)

Aug. 31 May 31

2008 2008


Current assets

Cash & securities $9,654 $14,270

Accounts receivable 21,480 19,384

Inventory 29,955 27,799

Other current assets 3,915 4,178

Total current assets 65,004 65,631

Property & equipment 16,756 16,889

Goodwill & other assets 51,311 43,837

Total assets 133,071 126,357

Liabilities & Stockholders' Equity

Current liabilities $12,844 $11,136

Long-term debt - -

Other long-term liabilities $3,955 $3,973

Stockholders' equity-shares outstanding

14,581 in Aug. & 14,518 in May 116,272 111,248

Total liabilities & stockholders' equity 133,071 126,357

Certain portions of this news release that do not relate to historical financial information constitute forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties. Actual future results and trends may differ materially from historical results or those expected depending on a variety of factors listed in Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's most recent

SOURCE Neogen Corporation
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