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Neogen Reports 30% Increase in Net Income
Date:7/26/2011

ginning to see significant revenue growth from its new subsidiary in Brazil.

Neogen Corporation develops and markets products dedicated to food and animal safety. The company's Food Safety Division markets dehydrated culture media, and diagnostic test kits to detect foodborne bacteria, natural toxins, food allergens, drug residues, plant diseases and sanitation concerns. Neogen's Animal Safety Division markets a complete line of diagnostics, veterinary instruments, veterinary pharmaceuticals, nutritional supplements, disinfectants, and rodenticides.NEOGEN CORPORATION UNAUDITED SUMMARIZED CONSOLIDATED OPERATING DATA(In thousands, except for per share and percentages)Three months ended May 31Year ended May 312011201020112010RevenueFood Safety

$21,287

$20,815$85,514

$76,454Animal Safety

22,307

18,26387,169

64,055Total revenue43,59439,078172,683140,509Cost of sales

21,645

19,35684,891

67,534Gross margin

21,949

19,72287,792

72,975Other expensesSales & marketing

7,960

7,17830,020

26,350Administrative

3,859

4,01615,112

13,488Research & development

1,585

1,5706,825

6,258Total other expenses

13,404

12,76451,957

46,096Operating income

8,545

6,95835,835

26,879Other revenue (loss)

117

377(596)

442Income before tax

8,662

7,33535,239

27,321Income tax

2,700

2,70012,400

9,800Net income$5,962$4,635$22,839$17,521Net income per diluted share$0.25$0.20$0.96$0.76Other information:Shares to calculate per share

23,993

23,33123,791

23,091Depreciation & amortization

$1,388

$1,288$5,329

$4,435Interest income

25

1395

81Gross margin (% of sales)

50.3%

50.5%50.8%

51.9%Operating income (% of sales)

19.6%

17.8%20.8%

19.1%Revenu
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SOURCE Neogen Corporation
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Related biology technology :

1. Neogen Corporation Announces Year-End Results Conference Call
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8. Neogen Corporation Announces 2nd Quarter Results Conference Call
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10. NeoGenomics Schedules its Q2 2010 Earnings Release for July 29, 2010
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