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:9/1/2014)... NEW YORK , Sept. 1, 2014 /PRNewswire/ ... report is available in its catalogue: ... Opportunities, 2019 http://www.reportlinker.com/p02350445/India-Solid-Waste-Management-Vehicles-Market-Forecast-and-Opportunities-2019.html ... municipal corporations are the main governing bodies responsible ... management in cities. On an average, around 135,000 ...
(Date:8/31/2014)... September 01, 2014 Available spectra ... needs for research and cultivation of a wide ... Valoya’s proprietary LEDs with proven patented and pending ... uncompromised light uniformity in critical applications in contrast ... LEDs. , “Our customers have a large variety ...
(Date:8/29/2014)... 2014  Pfenex Inc. (NYSE MKT: PFNX), a ... high-value and difficult to manufacture proteins including biosimilar ... financial results for the second quarter ended June ... of our initial public offering, we have the ... candidates, derived from our proprietary protein expression platform," ...
(Date:8/29/2014)... Pittsburgh, PA (PRWEB) August 29, 2014 ... Chairman, Hub MacDonald, and colleague Koichiro Matsuda, Horiba Scientific, ... JASIS on September 5, 2014. JASIS , Asia’s ... September 3-5, 2014, in Makuhari Messe, Japan. , ... New Tools for Bioanalysis from Single Molecules to Single ...
Breaking Biology Technology:India Solid Waste Management Vehicles Market Forecast and Opportunities, 2019 2India Solid Waste Management Vehicles Market Forecast and Opportunities, 2019 3India Solid Waste Management Vehicles Market Forecast and Opportunities, 2019 4India Solid Waste Management Vehicles Market Forecast and Opportunities, 2019 5India Solid Waste Management Vehicles Market Forecast and Opportunities, 2019 6India Solid Waste Management Vehicles Market Forecast and Opportunities, 2019 7India Solid Waste Management Vehicles Market Forecast and Opportunities, 2019 8Pfenex Reports Second Quarter 2014 Results and Provides Business Update 2Pfenex Reports Second Quarter 2014 Results and Provides Business Update 3Pfenex Reports Second Quarter 2014 Results and Provides Business Update 4Pfenex Reports Second Quarter 2014 Results and Provides Business Update 5Pfenex Reports Second Quarter 2014 Results and Provides Business Update 6Pfenex Reports Second Quarter 2014 Results and Provides Business Update 7Pfenex Reports Second Quarter 2014 Results and Provides Business Update 8Fifth Annual U.S. Symposium at JASIS Organized by Pittcon’s Program Chairman Hub MacDonald 2
... 63 unique dust particles from their laboratory and that,s ... new kind of sensor when dust got stuck inside it, ... single dust particles. In a recent issue of The ... the discovery could aid the study respiratory diseases caused by ...
... 2011 Professor Ian Phillips of Keck Graduate Institute (KGI) ... patent for a novel procedure that involves stem cells in ... covers a two-step process developed by Phillips and Yao Liang ... of pure stem cells for transplantation into the heart or ...
... Oct. 5, 2011 A recent survey of California,s ... great potential for job growth in the state. ... percent in the past five years, according to a ... industry associations in the state, and Radford, a compensation ...
Cached Biology Technology:1 room -- 63 different dust particles? Researchers aim to build dust library 21 room -- 63 different dust particles? Researchers aim to build dust library 3KGI Professor Awarded Patent for Stem-Cell Therapy Aiding Heart-attack Patients 2California's Industrial Biotechnology Workforce: Creating Jobs and Leading Innovation 2California's Industrial Biotechnology Workforce: Creating Jobs and Leading Innovation 3
(Date:8/31/2014)... test provides a fast and accurate tool to ... shows. The newly developed test (TAM-TB assay) is ... tuberculosis in children. The test features excellent specificity, ... with speed of a blood test. The promising ... of tuberculosis in children, particularly in tuberculosis-endemic regions. ...
(Date:8/31/2014)... Nature Climate Change , suggests that if current trends ... the global targets for total greenhouse gas (GHG) emissions in ... think carefully about the food we choose and its environmental ... just one of a number of actions that need to ... is enough food for all. , As populations rise ...
(Date:8/29/2014)... recently, little has been known about what genetic changes ... of scientists, one of whom is a University of ... that genes controlling the development of the brain and ... The study was published Aug. 28 in Science ... is online at http://www.sciencemag.org/ ., The domestication of ...
Breaking Biology News(10 mins):New tuberculosis blood test in children is reliable and highly specific 2Changing global diets is vital to reducing climate change 2Changing global diets is vital to reducing climate change 3Changing global diets is vital to reducing climate change 4New research reveals how wild rabbits were genetically transformed into tame rabbits 2New research reveals how wild rabbits were genetically transformed into tame rabbits 3
... of novel marine microbes could lead to more efficient ... such as epilepsy, diabetes, flu and other viruses, as ... as agrochemicals. Researchers at Heriot-Watt University and Plymouth ... Ingenza Ltd are searching for new enzymes for use ...
... associated diseases cost pig producers around the world hundreds ... Kansas State University virologists Dick Hesse and Bob Rowland ... such complex diseases. "Circovirus and its associated diseases ... porcine reproductive and respiratory syndrome and circovirus are a ...
... Banks National Marine Sanctuary is among the healthiest coral ... Mexico, according to a new NOAA report. The ... Benthic Habitats within the Flower Garden Banks National Marine ... within the sanctuary based on data collected in 2006 ...
Cached Biology News:Marine microbes creating green waves in industry 2Marine microbes creating green waves in industry 3K-State lab gives researchers the tools to study porcine circovirus associated diseases 2NOAA report finds flower garden banks sanctuary reefs among healthiest in Gulf 2
Homo sapiens similar to Cytosolic acyl coenzyme A thioester hydrolase Antigen: Peptide...
96 Well Base Plate...
... Inhibitor is a potent noncompetitive ... as RNase A. Like other ... Inhibitor is an acidic protein ... kDa. RNaseOUT inhibits RNase A ...
... and Recombinant RNasin Ribonuclease Inhibitors have broad ... of eukaryotic RNases of the neutral type ... effect by noncovalently binding to RNases in ... the binding of RNasin Ribonuclease Inhibitor to ...
Biology Products: