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Neogen Corp (NEOG)
NASDAQ:NEOG
Earnings Data
Report Date
Apr 01, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.06Last Year’s EPS
-0.05Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented several encouraging operational and financial signs: return to positive core revenue growth, meaningful sequential margin expansion (adjusted EBITDA margin +~470 bps), raised full-year guidance, demonstrated progress on Petrifilm integration, and enacted ~$20M of annualized cost savings. These positives were balanced against persistent macro headwinds (weaker food production and animal herd trends), elevated inventory write-offs, historical sample collection drag (improving), and substantial remaining leverage ($800M gross debt). Management emphasized conservative guidance and disciplined execution. On balance, the call conveyed material early progress and constructive momentum while acknowledging important execution and market risks that are being actively managed.Company Guidance
Return to Positive Core Revenue Growth
Total Q2 revenue of $224.7M with core revenue growth of 2.9% (foreign currency +0.9%; divestitures/discontinued products headwind -6.6%).
Food Safety Segment Strength
Food Safety revenue of $165.6M with core revenue growth of 4.1%; indicator testing/culture media and sample collection were key drivers, and PetriFilm returned to high-single-digit growth.
Genomics and Regional Performance
Global genomics core revenue growth accelerated to 6% in the quarter. Regional core growth led by LatAm (high-single-digits); U.S./Canada mid-single-digits; APAC low-single-digits; EMEA slight decline (low-single-digits).
Margin and Profitability Improvement
Adjusted EBITDA of $48.7M (margin 21.7%) — a sequential improvement of ~470 basis points. Adjusted net income $22.6M and adjusted EPS $0.10 versus $9.4M and $0.04 in the prior quarter (adjusted net income up ~140%, EPS up 150%).
Gross Margin Recovery
Reported gross margin improved to 47.5% (sequential improvement of ~210 bps); excluding integration/restructuring items gross margin was 50.3%.
Cost Actions and Operational Savings
Q2 cost structure improvements implemented are expected to deliver approximately $20M of annualized savings; a headcount reduction contributed to margin expansion.
Petrifilm Integration Progress
Petrifilm integration remains on track for the previously disclosed 2027 timeline — late-stage production testing completed well and initial product validation underway; ability to manufacture Petrifilm plates has been demonstrated.
Balance Sheet and Cashflow Improvements
Gross debt of $800M (68% fixed) and cash of $145.3M; prior Cleaners & Disinfectants divestiture enabled $100M debt paydown. Q2 free cash flow was $7.8M, improving $20.9M from Q1. Management expects FY CapEx ~$50M and routine CapEx trending to 3–4% of revenue.
Guidance Raised
Management raised full-year fiscal 2026 guidance: revenue now expected $845M–$855M and adjusted EBITDA approximately $175M, reflecting Q2 outperformance.
Leadership and Commercial Execution
Strengthened senior leadership (new CFO, CCO, and other senior hires) and implemented process-driven commercial changes (weekly LBE forecasting, solutions-based selling) credited with improved predictability and sales execution.
NEOG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NEOG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 08, 2026 | $7.38 | $9.71 | +31.57% |
Oct 09, 2025 | $5.82 | $6.78 | +16.49% |
Jul 29, 2025 | $5.42 | $4.83 | -10.89% |
Apr 09, 2025 | $7.04 | $5.02 | -28.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Neogen Corp (NEOG) report earnings?
Neogen Corp (NEOG) is schdueled to report earning on Apr 01, 2026, Before Open (Confirmed).
What is Neogen Corp (NEOG) earnings time?
Neogen Corp (NEOG) earnings time is at Apr 01, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NEOG EPS forecast?
NEOG EPS forecast for the fiscal quarter 2026 (Q3) is 0.06.