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Neogen Corp specializes in ensuring food and animal safety with a global reach. It provides a wide array of products, including diagnostic test kits for detecting harmful substances in food and animal feed, such as pathogens, toxins, and allergens. Additionally, Neogen offers rapid sanitation tests, veterinary instruments, pharmaceuticals, vaccines, and genomics testing services. Its solutions cater to various markets, including meat, poultry, dairy, fruits, vegetables, and more, aiming to improve food safety and animal health. Founded in 1981 and based in Lansing, Michigan, Neogen serves a diverse clientele, from veterinarians to food producers.
Neogen crushed Q4 earnings with a 59% EPS beat as its Food Safety segment posted 5.8% core growth, the strongest quarterly pace since the 3M acquisition, while gross margins expanded 650 basis points to 47.8% on favorable mix and pricing.
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