Neogen reports Q4 adjusted EPS 14c, consensus (3c)

Reports Q4 revenue $241.8 M, consensus $227.65M. John Adent, CEO, said, “We continued to scale our capabilities during Q4 to support the full integration of the former 3M Food Safety Division, which is proceeding according to plan. By the end of Q3, we expect to have three of four main product lines integrated into Neogen facilities, as well as back-office and distribution functions, and will be focused on driving efficiencies in these operations…With our broadened scale and product portfolio, we are well positioned to capitalize on growth in our end markets and what we believe are favorable long-term tailwinds behind the security of the food chain.”