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

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

$56,083

$22,806Accounts receivable

28,634

27,433Inventory

31,994

31,316Other current assets

5,791

4,465Total current assets

122,502

86,020Property & equipment

22,340

19,180Goodwill & other assets

74,820

75,033Total assets

$219,662

$180,233Liabilities & EquityCurrent liabilities

$17,797

$17,033Long-term debt

-

-Other long-term liabilities

12,887

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

188,978

153,053Total liabilities & equity

$219,662

$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.


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SOURCE Neogen Corporation
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