Navigation Links
Neogen Reports 34% Increase in Net Income, 23% Increase in Revenues
Date:1/3/2008

LANSING, Mich., Jan. 3 /PRNewswire-FirstCall/ -- Neogen Corporation (Nasdaq: NEOG) announced today that its net income for the second quarter of FY 2008, which ended Nov. 30, increased 34% from the previous year's second quarter. Adjusted for a 3-for-2 stock split, net income in the quarter rose to $0.22 per share, compared to the prior year's $0.17. Neogen's second quarter net income of $3,254,000 set another quarterly record for the 25-year-old company.

Year-to-date net income for the first six months of Neogen's 2008 fiscal year increased 30% to $6,265,000 from $4,832,000 in FY 2007, or to $0.42 per share in the current year from the prior year's $0.34. Second quarter revenues increased 23% to $27,210,000, also a quarterly record, compared to the prior year's $22,189,000. Year-to-date revenues rose 18% during the fiscal year's first half to $50,118,000 from FY 2007's $42,409,000.

The second quarter was the 59th consecutive profitable quarter from operations for the company, and the 63rd quarter of the past 68 quarters to show increased revenues as compared with the previous year.

"Those who have followed Neogen closely know of our goal to achieve $100 million in annual sales this year, and I'm pleased to report that we are half way there after the first six months," said James Herbert, Neogen's chief executive officer and chairman. "The quarter's revenue contributes to our record of compound annual growth of 19% for the past 15 years."

Neogen's ongoing efforts to control costs, improve productivity, and the results of economies of scale were evident in the second quarter. Operating income as a percentage of sales increased to 17.6% in the current quarter from the previous year's comparable quarter of 16.7%.
'/>"/>

SOURCE Neogen Corporation
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related biology technology :

1. Neogen Acquires Kane Enterprises
2. Neogen Reports 25% Increase in Net Income, 13% Increase in Revenues
3. Neogen Acquires Assets of Rivard Instruments
4. EpiCept Reports Expansion of Clinical Development For Licensed Cancer Compound
5. QMed, Inc. Reports July Medicare SNP Enrollments
6. Phlo Affiliate Reports Expanded Coverage to Oregon Border
7. Healthcare Technologies Reports Loss for 2007 Second Quarter & Six Months Results
8. Dragon Pharmaceutical Reports Growth in Sales and Profits during Second Quarter of 2007
9. Carrington Reports Second Quarter 2007 Results
10. Avitar Reports Third Quarter Financial Results for Fiscal 2007
11. Response Genetics Reports Second Quarter 2007 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/1/2015)... England , April 1, 2015 ... biotechnology company developing novel biological drugs to treat ... pleased to announce the appointment of Christina ... will be responsible for providing medical and regulatory ... the Company. Dr. Coughlin has extensive ...
(Date:3/31/2015)... 2015  Biotest Pharmaceuticals Corporation (BPC), a leading developer ... addition of its newest plasma collection center located at ... Arkansas . The over 16,000 square foot state-of-the-art ... 26 th 2015 and brings the total number ... "This facility represents another milestone in our continued ...
(Date:3/31/2015)... 31, 2015 Eastern Kentucky University ... online bachelor’s of criminal justice degree programs by ... to inspiring ideas and high quality educational opportunities,” ... the University. We are confident that students will ... This is the site’s first “Students before Profits” ...
(Date:3/31/2015)... Pittcon 2015, the 66th Conference and Exposition for ... in New Orleans with an economic impact to the ... New Orleans Convention and Visitor's Bureau. This global event ... Those who attended Pittcon for the first-time account ... year, the co-location of Food Labs Conference, organized by ...
Breaking Biology Technology:Immunocore Appoints Dr. Christina Coughlin as Chief Medical Officer 2Immunocore Appoints Dr. Christina Coughlin as Chief Medical Officer 3Immunocore Appoints Dr. Christina Coughlin as Chief Medical Officer 4Biotest Pharmaceuticals Corporation Announces the Opening of its Newest Plasma Collection Facility in Conway, Arkansas 2EKU Ranked in Top 50 Among Online Criminal Justice Degrees 2Pittcon 2015 Hits the Big Easy in a Big Way 2Pittcon 2015 Hits the Big Easy in a Big Way 3Pittcon 2015 Hits the Big Easy in a Big Way 4
... Biotech Inc. announced today that a federal jury has returned ... patent infringement suit. , , "We are pleased that ... litigation case against Abbott," said Kim Taylor, President, Centocor Ortho ... company,s anti-TNF class of arthritis treatments, and is co-owned by ...
... June 29 BD (Becton, Dickinson and Company) (NYSE: ... live webcast of its third fiscal quarter 2009 earnings conference call ... will issue a press release detailing the quarter,s earnings earlier that ... with related slides, will be accessible through BD,s website at ...
... Md., June 29 Micromet, Inc. (Nasdaq: ... for the treatment of cancer, inflammation and autoimmune diseases, ... 3000 Index as part of the annual reconstitution of ... , , "Investors recognize the Russell 3000 as ...
Cached Biology Technology:Centocor Ortho Biotech Inc. Awarded $1.67 Billion Patent Jury Verdict from Abbott Laboratories 2Micromet Added to Russell 3000 Index 2Micromet Added to Russell 3000 Index 3Micromet Added to Russell 3000 Index 4
(Date:3/10/2015)... -- Continuing its 167-year history of offering the Best, the ... Eye Scanning Password Authenticator , a device that confirms ... or sensitive data. Employing the same biometric ... device has a small camera that scans and saves ... them into an encrypted ID that cannot be forged ...
(Date:3/10/2015)...  NXT-ID, Inc. (NASDAQ: NXTD ... authentication company focused on the growing mobile commerce ... been named the "Number One Best Tech Gift ... Modern ( http://www.rethinkmodern.com/ ) is a web magazine focused ... that have a unique function or design.  ...
(Date:3/3/2015)... , March 3, 2015 ... provider of advanced cryogenic logistics solutions for ... immunotherapies, stem cells, cell lines, clinical research ... medicine, today announced the expansion of its ... Centers, ("Fred Hutch") Clinical Research Division ...
Breaking Biology News(10 mins):Hammacher Schlemmer Introduces The Eye Scanning Password Authenticator 2NXT-ID's Wocket Smart Wallet Named Number One Best Tech Gift for 2015 by Rethink Modern 2NXT-ID's Wocket Smart Wallet Named Number One Best Tech Gift for 2015 by Rethink Modern 3NXT-ID's Wocket Smart Wallet Named Number One Best Tech Gift for 2015 by Rethink Modern 4Cryoport, Inc. Expands Support of Fred Hutchinson Cancer Research Center's Clinical Research Division 2Cryoport, Inc. Expands Support of Fred Hutchinson Cancer Research Center's Clinical Research Division 3
... Biology Letters found that ship noise affects crab ... that crabs acclimatise to noise over time. The team ... exposed to recordings of ship noise showed an increase in ... could have implications for growth and, if the metabolic cost ...
... AUGUSTA, Ga. Genetics and demographics likely put you ... for a way to protect you. The concept ... organ to hold onto sodium rather than eliminate excess ... production, said Dr. Paul O,Connor, hypertension researcher in the ...
... 2013 issue of The Journal of Urology , the ... conducted by four physicians from Radiotherapy Clinics of ... 25 Year Disease Free Survival Rate after Irradiation of ... Recurrence Used for Radical Prostatectomy, is the first-ever to ...
Cached Biology News:Ship noise makes crabs get crabby 2Sodium transporter appears likely target for treating salt-sensitive hypertension 2Georgia Physicians' Study Published in The Journal of Urology 2Georgia Physicians' Study Published in The Journal of Urology 3Georgia Physicians' Study Published in The Journal of Urology 4
Anti (porcine) Vitronectin...
... The Mini-PROTEAN 3 Dodeca cell with multi-casting ... of up to 12 mini format handcast (8.3 ... cm) gels. The cell requires 3.4-4.4 L of ... cooling coil that attaches to an external refrigerated ...
... Thermo-Sealer is a manual heat sealer ideal for ... portable instrument can seal a wide range of ... carriers. The heating element of the sealer is ... or peelable seals when used in conjunction with ...
...
Biology Products: