Tag Archives: Neogen

Neogen To Spend $1.3M On Subsidiary Expansion

LANSING — Lansing-based Neogen Corp. will spend $1.3 million on a new home for its Ideal Instruments subsidiary in a building at 1000 S. Hosmer St.

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Neogen Profit Jumps 13%

LANSING — The food and animal safety testing products maker Neogen Corp. (Nasdaq: NEOG) reported net income of $8.9 million or 24 cents a share in its first fiscal quarter, which ended Aug. 31. That’s up 13 percent from $7.8 million or 21 cents a share in the same quarter a year earlier.

Revenue was $67.6 million, up 15 percent from $58.5 million a year earlier.

Both revenue and net income are quarterly records for the 32-year-old company.

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