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NEOG — Neogen News Story

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Brief: Neogen Corporation Targets Adjusted Gross Margin In High-50% Range By FY2031

BRIEF-Neogen Corporation Targets Adjusted Gross Margin In High-50% Range By FY2031

- Neogen Corporation NEOG.O:

  • NEOGEN CORPORATION - TO INCREASE RESEARCH AND DEVELOPMENT INVESTMENT BY 50% IN FY2027, TARGETS 5% OF REVENUE BY FY2031

  • NEOGEN CORPORATION - TARGETS ADJUSTED GROSS MARGIN IN HIGH-50% RANGE BY FY2031

  • NEOGEN CORPORATION - TARGETS 30% ADJUSTED EBITDA MARGIN AND NET LEVERAGE BELOW 2.5X BY FY2031

Source text: ID:nBw6wqMVNa

Further company coverage: NEOG.O


((Reuters.Briefs@thomsonreuters.com;))

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