Neogen One of the Fastest Growing Companies

For the third consecutive year, Neogen Corporation has been named to FORTUNE Small Business’ list of the 100 fastest-growing, publicly-held small businesses in America.

FORTUNE Small Business ranked Neogen 71st in the nationwide list based on its average annual growth for the past three years. Fortune calculations show Neogen had an 18.8% increase in revenue, 12.8% earnings growth, and a 24.7% increase in stock price. Neogen reported an increase in operating income of 19.5% for the same three-year period.

In March, Neogen announced that its third quarter revenues (ended Feb. 29) increased 29% to $14,717,000 from $11,403,000 in the prior year. For the first nine months of Neogen’s 2004 fiscal year, revenues have increased 14% to $40,196,000 from $35,158,000 in FY 2003. The quarter is the 44th consecutive profitable quarter from operations for the Company, and the 49th quarter of the past 53 quarters to show increased revenues.