Neogen Reports Strong Q4 Earnings and Outlines Fiscal 2027 Growth Strategy
Neogen Corporation (NASDAQ:NEOG) reported fiscal fourth-quarter revenue of $225.3 million, with core growth accelerating to 4.3%, the highest rate for fiscal 2026. The Food Safety segment led performance with a 5.8% core increase and adjusted EBITDA rising by 12% to $45.4 million. Looking ahead, Neogen outlined plans for fiscal 2027 that include revenue guidance of $880–$885 million and adjusted EBITDA between $180–$182 million. The company intends to boost R&D spending by approximately 50% and invest $25 million in transformation initiatives, while also repaying debt using proceeds from the planned sale of its Genomics business. Neogen is undergoing a commercial overhaul with a new go-to-market strategy focused on high-value accounts and e-commerce expansion. CEO Mike Nassif emphasized that fiscal 2026 was about stabilization, but fiscal 2027 will focus on accelerating profitable growth.
Tickers: $NEOG
Topics: debt reduction ebitda financial performance investment strategy revenue growth