Food Safety Testing
Neogen Corp. (Nasdaq: NEOG) announced that its Board of Directors has approved a three-for-two stock split. With the split, shareholders of record on Oct. 15 will receive one additional share of stock for each two shares held.
Neogen Corp. announced net income of $6.8 million or 28 cents a share in the second quarter of its fiscal year, ended Nov. 30, up from $5.2 million or 22 cents a share in the same quarter of the prior fiscal year. Revenue was $50.7 million, up 13 percent from $44.9 million a year earlier.
Neogen Corp., the Lansing provider of food and animal safety and disease testing kits, Tuesday reported a 3.1 percent increase in net income on a 6.5 percent increase in revenue for the first quarter of its fiscal year, which ended Aug. 31.