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Testing Firm Neogen Offloads Cleaners Division To Kersia In $130 Million Deal

Neogen Corporation (NASDAQ: NEOG) stock rose after announcing the $130 million sale of its global cleaners and disinfectants business to Kersia Group. The divestiture allows Neogen to focus on core food safety diagnostics while reducing debt and improving margins.

April 21, 2025

NEOG News

Testing Firm Neogen Offloads Cleaners Division To Kersia In $130 Million Deal

Neogen Enters Agreement To Sell Its Cleaners & Disinfectants Business To Kersia Group For $130M In Cash; Says Transaction Is Expected To Be Accretive To Margins And Close In Q1 Of 2026 Fiscal Year

Piper Sandler Maintains Neutral on Neogen, Lowers Price Target to $6.5

Guggenheim Maintains Buy on Neogen, Lowers Price Target to $13

Neogen Q3 Earnings Fall Short On Expectations, Cuts Guidance Amid Macro Headwinds And Tariff Concerns

Neogen CEO John Adent To Step Down, Will Continue To Serve Until Successor Is Appointed

Neogen Expects FY2025 Sales Of Approximately $895M Vs. Prior Guidance Of $905M-$925M And Consensus Of $910.23M And Adjusted EBITDA Of Approximately $195M Vs. Prior Guidance Of $205M-$215M

Neogen Q3 2025 Adj EPS $0.10 Misses $0.11 Estimate, Sales $220.98M Miss $224.88M Estimate

Neogen's Earnings: A Preview

Neogen Says National Labor Relations Board Has Withdrawn Its Unfair Labor Practices Claim Against Company

NeoGenomics shares are trading higher following strong FY25 guidance.

Neogen Files For Non-Timely 10-Q With U.S. SEC; Expects To Record An Impairment Charge Of $461.4M In Q2; Expects Form 10-Q Will Report Net Loss Of $456.3M For Qtr Ended Nov 30, 2024

Neogen Corporation Sees Fy25 Revenue Of $905M-$925M Vs. $934.88M Estimate (Prior View: $925M-$955M)

Neogen Q2 2025 Adj. EPS $0.11 Beats $0.10 Estimate, Sales $231.258M Beat $227.159M Estimate

Guggenheim Initiates Coverage On Neogen with Buy Rating, Announces Price Target of $15

NEOGEN And FOCO Highlights Collaboration On Epigenetic Research Project