Neogen Raises Guidance as Cost-Cutting Takes Hold

Dow Jones

Jan 08

By Nicholas G. Miller

Neogen raised its fiscal-year guidance as the company's cost-cutting and transformation initiatives begin to deliver results.

The food and animal safety company now expects fiscal-year revenue of $845 million to $855 million, up from its previous forecast of $820 million to $840 million. It also guided for adjusted earnings before interest, taxes, depreciation and amortization of $175 million, compared with its previous outlook of $165 million to $175 million.

For the second quarter, the company posted a loss of $15.9 million, or 7 cents a share, compared with a loss of $456.3 million, or $2.10 a share, the year prior.

Adjusted earnings were 10 cents a share. Analysts polled by FactSet expected 6 cents.

Revenue fell 2.8% to $224.7 million. Wall Street expected $207.8 million.

In September, the company implemented cost-cutting initiatives, including layoffs, with the aim of improving margins. The company said Thursday it was seeing progress in its transformation strategy. "While it is early in the process, and our industry is currently seeing macro headwinds, our team drove significant sequential improvement in core revenue growth and profitability in the second quarter," said Chief Executive Mike Nassif.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

January 08, 2026 07:16 ET (12:16 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Neogen raised its fiscal-year guidance as the company's cost-cutting and transformation initiatives begin to deliver results. \n</p>\n<p>\n  The food and animal safety company now expects fiscal-year revenue of $845 million to $855 million, up from its previous forecast of $820 million to $840 million. It also guided for adjusted earnings before interest, taxes, depreciation and amortization of $175 million, compared with its previous outlook of $165 million to $175 million. \n</p>\n<p>\n  For the second quarter, the company posted a loss of $15.9 million, or 7 cents a share, compared with a loss of $456.3 million, or $2.10 a share, the year prior. \n</p>\n<p>\n  Adjusted earnings were 10 cents a share. Analysts polled by FactSet expected 6 cents. \n</p>\n<p>\n  Revenue fell 2.8% to $224.7 million. Wall Street expected $207.8 million. \n</p>\n<p>\n  In September, the company implemented cost-cutting initiatives, including layoffs, with the aim of improving margins. The company said Thursday it was seeing progress in its transformation strategy. \"While it is early in the process, and our industry is currently seeing macro headwinds, our team drove significant sequential improvement in core revenue growth and profitability in the second quarter,\" said Chief Executive Mike Nassif. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2026 07:16 ET (12:16 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4198","symbol_name":"医疗保健用品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2601691893","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2601691893","pubTimestamp":1767874560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Neogen raised its fiscal-year guidance as the company's cost-cutting and transformation initiatives begin to deliver results.The food and animal safety company now expects fiscal-year revenue of $845 million to $855 million, up from its previous forecast of $820 million to $840 million. 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The company said Thursday it was seeing progress in its transformation strategy. \"While it is early ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4198":"医疗保健用品","LU2211817866.USD":"Allianz Food Security AT Acc USD","NEOG":"纽尔真检测"},"translate_title":"随着成本削减的实施，Neogen提高了指引","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEOG":0.9},"content_text":"By Nicholas G. Miller \n\n\n \n\n\n  Neogen raised its fiscal-year guidance as the company's cost-cutting and transformation initiatives begin to deliver results. \n\n\n  The food and animal safety company now expects fiscal-year revenue of $845 million to $855 million, up from its previous forecast of $820 million to $840 million. It also guided for adjusted earnings before interest, taxes, depreciation and amortization of $175 million, compared with its previous outlook of $165 million to $175 million. \n\n\n  For the second quarter, the company posted a loss of $15.9 million, or 7 cents a share, compared with a loss of $456.3 million, or $2.10 a share, the year prior. \n\n\n  Adjusted earnings were 10 cents a share. Analysts polled by FactSet expected 6 cents. \n\n\n  Revenue fell 2.8% to $224.7 million. Wall Street expected $207.8 million. \n\n\n  In September, the company implemented cost-cutting initiatives, including layoffs, with the aim of improving margins. 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