Neogen Reports Record Third Quarter(tary substrate reagents to other diagnos...)

Animal Safety's organic sales growth was offset by an overall decline in third quarter orders placed by distributors as they implemented plans to reduce inventories in response to the economic recession. This was particularly true for distributors selling to the swine, poultry and dairy markets.

The Lansing, Mich.-based Food Safety Division posted sales of $14,173,000 in the three-month period, compared to $13,835,000 in FY 2008. Year-to-date, the Food Safety Division's revenues, which are comprised entirely of organic sales growth, were up 7% to $45,101,000 for FY 2009. Excluding the impact of currency translation, Food Safety sales growth for the third quarter and on a year-to-date basis would have been 10% and 11%, respectively.

Neogen Europe continued its exceptional growth performance in the quarter, with a unit volume increase of approximately 30% as Neogen's products continue to gain market acceptance. The Scottish subsidiary's sales represent a combination of sales of Neogen food safety products produced in the U.S. for the European market, and diagnostics manufactured in Scotland for worldwide distribution.

Sales of Neogen's food safety diagnostics, including its Soleris(TM) rapid microbial detection system continue to grow. Soleris product line sales achieved growth of 16% for the quarter. Neogen's rapid tests to detect food allergens, including milk, peanut and egg residues, increased 46% over the prior year's comparable third quarter and are up approximately 50% over prior year for the first nine months of the current fiscal year. Sales of Neogen's unique AccuPoint(R) test system used for monitoring general sanitation increased 34% in the third quarter bringing year-to-date growth to 15%.

Sales of dairy antibiotic tests decli
'/>"/>