Neogen raises annual guidance after reporting $222.8 million in Q1 revenue
NEOG Neogen Corp
$11.71 +0.26%
View chart & analysis → - 1Neogen recorded Q1 revenue of $222.8 million, achieving a core Q1 revenue growth rate of 8.1%.
- 2Neogen raised its annual revenue and adjusted EBITDA guidance.
- 3Neogen plans to use proceeds from the sale of its genomics business to reduce its net leverage to below 3x by the end of December 2026.
So what's the key point?
Neogen earned $222.8 million in revenue during the first quarter. The company has increased its expectations for revenue and profit for the full year.
Source The Motley Fool +1 · View original ↗
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