|CONTACT: Richard R. Current, CFO, 517/372-9200|
LANSING, Mich., Dec. 22, 2004 — Neogen Corporation (Nasdaq: NEOG) has scheduled the release of its second quarter results for Thursday, Jan. 6, 2005. The company’s second quarter of fiscal year 2005 ended Nov. 30.
“Typically, we’ve announced quarterly results about three weeks after the quarter’s end,” said Richard Current, Neogen’s chief financial officer. “We are delaying the announcement so the news is not released during the holidays.”
At 9:30 a.m. ET on Tuesday, Dec. 28, Neogen President Herbert will be ringing the opening bell of the Nasdaq Stock Market in New York to celebrate Neogen’s 15th anniversary of being listed on the market. In coordination with the Nasdaq appearance, CNBC has invited Herbert to appear on its Wall Street-based Squawk Box program prior to the opening bell.
Neogen had announced in September that its first quarter operating income jumped 30% from the previous year’s first quarter. Neogen’s first quarter revenues were $15,212,000 — a 24% increase compared to the prior year.
First quarter net income per share was $0.19 as compared with $0.16 for the same period last year. Neogen’s quarterly net income increased 22% to $1,584,000 from $1,302,000 in FY 2004. The quarter marked the 46th consecutive profitable quarter from operations for the company, and was the 51st of the past 55 quarters when Neogen reported revenue increases as compared with the previous year.
Certain portions of this news release that do not relate to historical financial information constitute forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties. Actual future results and trends may differ materially from historical results or those expected depending on a variety of factors listed in Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Company’s most recently filed Form 10-K.