Neogen Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ending May 31, 2018; Provides Effective Tax Rate Guidance for the First Quarter of Fiscal 2019
For the year, the company reported total revenue of $402.252 million against $361.594 million a year ago. Operating income was $70.194 million against $64.945 million a year ago. Income before tax was $73.465 million against $66.673 million a year ago. Net income attributable to the company was $63.145 million or $1.21 per diluted share against $43.793 million or $0.86 per diluted share a year ago. Cash from operations for the full year was $69 million and investing $21 million in property and equipment and other noncurrent assets for the year.
Effective with the first quarter of fiscal 2019, federal income taxes will be calculated off the new 21% statutory rate.