The Lansing animal and food safety testing product maker Neogen Corp. (Nasdaq: NEOG) Tuesday announced net income of $6.6 million for for the third quarter of its fiscal year, which ended Feb. 28, down from $6.7 million in the same period a year earlier. Earnings per share was unchanged at 18 cents for both periods. Revenue for the quarter was $62 million, up 21 percent from $51.1 million a year earlier.
A 35-year-old Iowa company that makes environmentally friendly insecticides for the animal and food industries has been acquired by Lansing’s Neogen Corp.
Neogen Corp. makes products that test for contamination and other biotech information in food and livestock. A year ago, amid outbreaks of food contamination, the company reported record profits. This year, for the second quarter of its fiscal year, which ended Nov. 30, the company reported lower net income despite higher sales due to what a top executive called a year of “clean crops.” Acquisition expenses also played a part.
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. (Nasdaq: NEOG) Monday announced that it has acquired the assets of SyrVet Inc., a veterinary instrument business based in Waukee, Iowa. Price and other terms weren’t immediately disclosed.
The biotech developer Neogen Corp. (Nasdaq: NEOG) Thursday announced the development of a new genomic test that offers the dairy cattle industry an unprecedented level of information on the genetic potential of replacement dairy heifers.
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Neogen Corp. (Nasdaq: NEOG) Monday announced the development of a new genomic test that offers the beef cattle industry an unprecedented level of information on the genetic potential of individual animals.
Neogen Corp. announced Tuesday that it has seen a spike in sales of its rapid meat speciation test kits as beef processors scramble to respond to the unscrupulous use of horse meat, and other species of meat, in the “economic adulteration” of beef products.
Neogen Corp. (Nasdaq: NEOG) announced today that it has acquired the assets of Scidera Genomics LLC, an animal genomics business based in Davis, Calif. The company, formerly operated as MetaMorphix Inc., or MMI Genomics, was a pioneer in the development of cattle, poultry, swine, and canine genetic testing.