)

Neogen (NEOG) investor relations material
Neogen Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q1 FY26 revenue was $209.2 million, down 3.6% year-over-year, with core revenue up 0.3% after adjusting for divestitures and currency impacts.
Net income reached $36.3 million, driven by a $76.4 million gain on the Cleaners & Disinfectants business sale; adjusted net income was $9.4 million.
Adjusted EBITDA was $35.5 million (17.0% margin), down from $43.7 million (20.1% margin) in the prior year.
A global headcount reduction of about 10% was implemented to improve efficiency and cost structure.
New CEO Mike Nassif appointed, with a focus on operational improvement, cost control, and innovation.
Financial highlights
Product revenues were $184.1 million and service revenues $25.1 million for the quarter.
Gross margin was 45.4%, down from 48.4% year-over-year, mainly due to integration costs, lower revenue, and higher tariffs.
Adjusted net income per diluted share was $0.04, down from $0.07 in the prior year.
Cash and cash equivalents at quarter-end were $138.9 million, with $201.5 million available under the revolving credit facility.
Operating cash flow for the quarter was $10.9 million, a $28.8 million improvement year-over-year.
Outlook and guidance
Full-year FY26 revenue expected between $820 million and $840 million, with adjusted EBITDA guidance reaffirmed at $165 million to $175 million.
Sequential revenue growth and margin improvement are anticipated as cost actions and process improvements take effect.
Capital expenditures projected at approximately $50 million for the year, with $35 million for integration.
Effective tax rate anticipated at ~21%.
Next Neogen earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage