Revenue Up In Neogen's Animal Safety Division
Neogen Corp.’s Animal Safety Division reported revenue of $15 million in the fourth quarter ended May 31 compared to $11.5 million in the year-ago period.
Year to date, the division reported revenue of $57.7 million, up from $44.8 million in the same period a year earlier.
The Lansing, Mich., company noted that integrating the acquired DuPont line of disinfectants and cleaners and IDS drug residue diagnostics contributed to most of the revenue growth for the year.
Sales of the DuPont products exceeded expectations by more than 10 percent, according to Neogen.
Domestic sales of Neogen’s line of rodenticides saw growth of 11 percent for the year. Sales of the Kare line of small-animal supplements rose by more than 40 percent.
Overall, Neogen reported fourth-quarter net income of $3.4 million on revenue of $30.9 million, compared to $3.2 million and $27.1 million, respectively, in the year-ago period.
Year to date, the company reported net income of $13.9 million on revenue of $118.7 million, compared to $12.1 million and $102.4 million, respectively, in the year-ago period.