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Neogen reports 27% increase in quarterly net income
Date:3/26/2013

d animal safety. The company's Food Safety Division markets dehydrated culture media and diagnostic test kits to detect foodborne bacteria, natural toxins, food allergens, drug residues, plant diseases and sanitation concerns. Neogen's Animal Safety Division is a leader in the development of animal genomics along with the manufacturing and distribution of a variety of animal healthcare products, including diagnostics, pharmaceuticals, veterinary instruments, wound care and disinfectants.NEOGEN CORPORATION UNAUDITED SUMMARIZED CONSOLIDATED OPERATING DATA(In thousands, except for per share and percentages)Quarter ended
Feb. 28/29Nine months ended
Feb. 28/292013201220132012RevenueFood Safety

$25,312

$21,923$77,537

$67,247Animal Safety

25,743

22,98973,985

68,254Total revenue51,05544,912151,522135,501Cost of sales

23,742

22,02070,409

66,975Gross margin

27,313

22,89281,113

68,526Other expensesSales & marketing

10,533

8,92930,232

25,662Administrative

5,132

4,66014,510

12,846Research & development

1,982

1,7545,901

4,976Total other expenses

17,647

15,34350,643

43,484Operating income

9,666

7,54930,470

25,042Other income (expense)

394

595544

543Income before tax

10,060

8,14431,014

25,585Income tax

3,450

2,90010,950

9,100Net income

$6,610

$5,220$20,064

$16,448Net loss (income) attributableto non-controlling interest

42

2494

37Net income attributable to Neogen Corp$6,652$5,244$20,158$16,485Net income attributable to Neogen Corpper diluted share$0.27$0.22$0.83$0.69Other information:Shares to calculate per share

24,402

23,98824,303

23,999Depreciation & amortizatio
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SOURCE Neogen Corporation
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