Neogen Reports Record Third Quarter(ONSOLIDATED BALANCE SHEET DATA ...)

Date:3/19/2009

ONSOLIDATED BALANCE SHEET DATA (In thousands) Feb. 28 May 31 2009 2008 Assets Current assets Cash & securities $13,731 $14,270 Accounts receivable 21,807 19,384 Inventories 32,867 27,799 Other current assets 4,727 4,178 Total current assets 73,132 65,631 Property & equipment 16,748 16,889 Goodwill & other assets 50,295 43,837 Total assets $140,175 $126,357 Liabilities & Stockholders' Equity Current liabilities $11,681 $11,136 Long-term lines of credit - - Other long-term liabilities 3,602 3,973 Stockholders' equity--shares outstanding 14,772 in Feb. & 14,518 in May 124,892 111,248 Total liabilities & stockholders' equity $140,175 $126,357

Certain 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 Copyright©2009 PR Newswire. All rights reserved

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