NEOGEN CORP
For the period ended May 31, 2026. Filed Jul 30, 2026.
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FY2026 · Filed Jul 30, 2026
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14. Segment Information
- Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss changes by component, net of related tax, were as follows:
| May 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Accumulated other comprehensive loss, beginning balance | $(28.9) | $(30.0) |
| Foreign currency translation adjustment | ||
| Balance at beginning of period | $(27.7) | $(31.9) |
| Other comprehensive gain before reclassifications | 14.6 | 4.2 |
| Amount reclassified from accumulated other comprehensive loss | (0.1) | — |
| Balance at end of period | $(13.2) | $(27.7) |
| Fair value of derivatives change | ||
| Balance at beginning of period | $(1.2) | $1.9 |
| Other comprehensive gain (loss) before reclassifications | 0.6 | (1.9) |
| Amounts reclassified from accumulated other comprehensive loss | 0.2 | (1.2) |
| Balance at end of period | $(0.4) | $(1.2) |
| Accumulated other comprehensive loss, ending balance | $(13.6) | $(28.9) |
- Segment Information
The Company hastwo reportable segments: Food Safety and Animal Safety. The results of each segment are regularly provided to chief operating decision maker ("CODM") to assess the performance of the segments and make decisions regarding the allocation of resources to the segments. Our CODM is our Chief Executive Officer. The performance measure that the CODM uses is operating (loss) income. Refer to the consolidated statements of operations for the reconciliation of consolidated operating (loss) income, which is the total of Company’s segment measure of profit or loss, to consolidated loss before taxes.
The following tables reflect segment and corporate information:
| Food Safety | Animal Safety | Corporate andEliminations (1) | Total | |
|---|---|---|---|---|
| Total Revenues | $662.6 | $237.3 | $— | $899.9 |
| Intersegment Revenue | (21.5) | (8.0) | — | (29.5) |
| Net Revenue | 641.1 | 229.3 | — | 870.4 |
| Total Cost of Revenues | 317.1 | 144.8 | — | 461.9 |
| Operating Expenses | 260.6 | 60.0 | 109.5 | 430.1 |
| Operating Income (Loss) | $63.4 | $24.5 | $(109.5) | $(21.6) |
| Depreciation and Amortization | $104.8 | $11.5 | $— | $116.3 |
| Interest Expense | $— | $— | $60.4 | $60.4 |
| Total Assets | $2,875.4 | $285.1 | $185.5 | $3,346.0 |
| Expenditures for long-lived assets | $47.8 | $3.5 | $— | $51.3 |
| Food Safety | Animal Safety | Corporate andEliminations (1) | Total | |
| Total Revenues | $660.0 | $267.0 | $— | $927.0 |
| Intersegment Revenue | (21.9) | (10.4) | — | (32.3) |
| Net Revenue | 638.1 | 256.6 | — | 894.7 |
| Total Cost of Revenues | 308.7 | 164.6 | — | 473.3 |
| Operating Expenses | 1,315.1 | 84.7 | 82.6 | 1,482.4 |
| Operating Income (Loss) | $(985.7) | $7.3 | $(82.6) | $(1,061.0) |
| Depreciation and Amortization | $105.0 | $14.5 | $— | $119.5 |
| Interest Expense | $— | $— | $71.6 | $71.6 |
| Total Assets | $2,991.7 | $323.1 | $129.0 | $3,443.8 |
| Expenditures for long-lived assets | $96.7 | $7.9 | — | $104.6 |
| Food Safety | Animal Safety | Corporate andEliminations (1) | Total | |
| Total Revenues | $658.3 | $277.7 | $— | $936.0 |
| Intersegment Revenue | (3.0) | (8.8) | — | (11.8) |
| Net Revenue | 655.3 | 268.9 | — | 924.2 |
| Total Cost of Revenues | 301.6 | 158.7 | — | 460.3 |
| Operating Expenses | 271.3 | 70.9 | 63.1 | 405.3 |
| Operating Income (Loss) | $82.4 | $39.3 | $(63.1) | $58.6 |
| Depreciation and Amortization | $102.3 | $14.4 | — | $116.7 |
| Interest Expense | — | — | $73.4 | $73.4 |
| Total Assets | $4,035.3 | $342.6 | $170.9 | $4,548.8 |
| Expenditures for long-lived assets | $93.0 | $18.4 | — | $111.4 |
(1)
Includes corporate assets, including cash and cash equivalents, marketable securities, current and deferred tax accounts, and overhead expenses not allocated to specific business segments. Also includes the elimination of intersegment transactions.
The following table presents the Company’s revenue disaggregated by geographical location. Country information has not been disclosed as it is impracticable to do so.
| Year Ended May 31, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Domestic | $425.1 | $446.0 | $465.2 |
| International | 445.3 | 448.7 | 459.0 |
| Total Revenue | $870.4 | $894.7 | $924.2 |
The following table presents the Company's net property and equipment amounts disaggregated by country.
| Year Ended May 31, | ||
|---|---|---|
| 2026 | 2025 | |
| United States | $282.9 | $278.4 |
| United Kingdom | 10.9 | 12.5 |
| Other | 36.0 | 48.2 |
| Total Property, Plant, and Equipment | $329.8 | $339.1 |
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