Neogen Corporation announced its second-quarter results for 2026, with revenue reaching $224.7 million, a slight decrease of 2.8% year-over-year.
The company reported a net loss of $15.9 million but achieved an Adjusted Net Income of $22.6 million.
Adjusted EBITDA stood at $48.7 million, with an increased margin of 470 basis points sequentially.
Revenue Decline
Revenue decreased by 2.8% year-over-year, impacted by divestitures and discontinued product lines.
Adjustments in Net Income
Despite the net loss, the company achieved an Adjusted Net Income of $22.6 million.
Enhanced EBITDA Margin
Adjusted EBITDA margin increased by 470 basis points sequentially to reach $48.7 million.
- The company is in the process of strategic transformation, focusing on stabilizing and strengthening its core business.
- Key commercial leaders have been hired to drive revenue growth, profitability, and shareholder value.
- The integration of Petrifilm and optimization of sample collection manufacturing are top priorities for Neogen.
- Strengthening the leadership team with world-class talent reflects the company's commitment to operational execution and strategic objectives.
Neogen's second-quarter performance showcases sequential improvement in revenue growth and profitability, setting a positive trajectory for the remainder of fiscal year 2026.