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Neogen Reports 30% Increase in Net Income

e increase vs. FY 2010

11.6%22.9%Net income increase vs. FY 2010

28.6%30.4%NEOGEN CORPORATION UNAUDITED SUMMARIZED CONSOLIDATED BALANCE SHEET DATA(In thousands)May 31May 3120112010AssetsCurrent assetsCash & investments


$22,806Accounts receivable




31,316Other current assets


4,465Total current assets


86,020Property & equipment


19,180Goodwill & other assets


75,033Total assets


$180,233Liabilities & EquityCurrent liabilities


$17,033Long-term debt


-Other long-term liabilities


10,147Equity-shares outstanding23,291 in 2011 & 22,625 in 2010


153,053Total liabilities & equity


$180,233Certain 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 recently filed Form 10-K.

SOURCE Neogen Corporation
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