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Neogen Corp. (NEOG) Reports Higher Sales and Net Income for First Quarter of Fiscal 2011

|Includes: Neogen Corporation (NEOG)

Neogen Corp. reported strong year over year increases in sales and net income in the first quarter of fiscal 2011. The company reported sales of $42.9 million in the quarter ending 8/31/2010, compared to sales of $32.3 million in the first quarter of fiscal 2010. Net income for Neogen Corporation came in at $5.8 million, or $0.25 per share, in the first quarter of fiscal 2011. The company reported net income of $4.4 million, or $0.19 per share, in the same fiscal quarter last year.

The recent results continue a streak of seventy consecutive profitable quarters for the company. Neogen Corporation has also reported year over year increases in sales for 22 consecutive quarters and 74 out of the last 79 quarters.

Fortune Magazine recently added Neogen Corporation to its list of the one hundred fastest growing companies in the world. Companies on this list must have annualized revenue and earnings per share growth of 15% or higher over the last 3 years.

Neogen Corporation designs and markets products used to diagnose bacteria and toxins in food. The company also has a veterinary division that makes diagnostic products.

For more information on the company, go to neogen.com

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