On the company’s April 9 earnings call, Neogen (NEOG) provided an estimate of the annualized negative impact of tariffs in place at that time on adjusted EBITDA of approximately $29M before mitigating actions. Based on the tariff rates in place on May 14, the company estimates the annualized negative impact to be in the range of $5M, which includes a mix of the following mitigating actions: implementing surcharges; utilizing tariff exemptions where applicable; reducing existing stock levels; redirecting supply; resourcing. The updates were provided in slides furnished in a regulatory filing.
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