Neogen Q1 revenue falls 3.6% to $209.2 million; sale gain lifts net income
Neogen reported fiscal first-quarter 2026 revenue (quarter ended August 31, 2025) of $209.2 million, down 3.6% from a year earlier, while net income rose to $36.3 million from a net loss, driven by a non-cash gain on the sale of its Cleaners & Disinfectants business. Adjusted EBITDA fell to $35.5 million from $43.7 million, and the company reaffirmed its full-year fiscal 2026 outlook, which calls for revenue of $820 million to $840 million.
- Revenue $209.2 million vs. $217.0 million; core revenue rose 0.3%
- Net income $36.3 million ($0.17 per diluted share) vs. net loss of $12.6 million, helped by a $76.4 million gain on sale of business
- Adjusted EBITDA $35.5 million, margin 17.0%, vs. $43.7 million and 20.1% a year earlier
- Fiscal 2026 outlook reaffirmed: revenue $820 million to $840 million; Adjusted EBITDA $165 million to $175 million