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FULL YEAR: NEOGEN'S REVENUES, NET INCOME EVEN WITH PRIOR YEAR
Source: Neogen Corp. news release

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Lansing, MI - NEOGEN Corporation (NASDAQ: NEOG) announced today that revenues for the fourth quarter of its 2020 fiscal year, which ended May 31, were $109,074,000, compared to $109,762,000 the prior year quarter. Revenues for the company for the full fiscal year were $418,170,000, compared to the prior year's $414,186,000.

Fourth quarter net income was $16,347,000, or $0.31 per share, compared to the prior year's $15,815,000, or $0.30 per share. Net income for the full 2020 fiscal year was $59,475,000, or $1.13 per share, compared to the prior year's $60,176,000, or $1.15 per share.

"We've experienced unprecedented challenges to our business around the world in recent months. In response to this crisis, NEOGEN took immediate action to protect our employees and our business. The results that we are reporting today are reflective of an incredible amount of hard work from our entire team, and I am extremely proud of them," said John Adent, NEOGEN's president and chief executive officer. "While we know that we have a long, hard fight ahead of us, going forward, NEOGEN's mission matters more than ever. Keeping our food, and food production environments, as safe as possible will be even more important in the challenging months that lie ahead. NEOGEN was built to do just that."


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