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Neogen Corp - Stock Quote NEOG

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Morningstar's Neogen Corp Stock Analysis

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Economic Moat

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Supply Chain and Labor Challenges Narrowing Neogen's Margin

Aaron Degagne Equity Analyst

Business Strategy and Outlook

| Aaron Degagne |

Neogen provides food and animal safety services to global agricultural and food and beverage companies, and the company aims to be a market leader in testing and safety services that range from the farm to food production. Neogen's pending merger with 3M's Food Safety business will solidify the firm's position as a key supplier of food safety products and services to multinational customers.

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Neogen Corp's Company Profile

Business Description

Neogen Corporation, headquartered in Lansing, Michigan, develops, manufactures, and markets various products for food and animal safety. In food safety (70% of post-merger sales), Neogen performs diagnostics to detect unintended substances in food and animal feed, such as pathogens, allergens, and drug residues, for global food and feed processing companies. In animal safety (20% of post-merger sales), Neogen sells veterinary instruments, pharmaceuticals, disinfectants, and genomics tests for animals, including cattle, horses, and canines. Sales in the United States account for 60% of total revenue, while international markets, including Canada, Europe, Asia, and Latin America, account for the remaining 40%.

Contact
620 Lesher Place
Lansing, MI, 48912
T +1 517 372-9200
Sector Healthcare
Industry Diagnostics & Research
Most Recent Earnings Feb 28, 2022
Fiscal Year End May 31, 2022
Stock Type Slow Growth
Employees 1,841