{
  "url": "https://struct.news/briefs/neogen-nearly-erased-its-operating-loss-net-income-still-went-negative",
  "title": "Neogen nearly erased its operating loss. Net income still went negative.",
  "summary": "Operating cash flow rose 19.4% even as net income swung to an $11.9M loss, splitting Neogen's results between operations and the bottom line.",
  "published_at": "2026-10-07T20:06:26.561860+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Neogen Corporation",
    "ticker": "NEOG",
    "cik": "1193125",
    "sector": "Healthcare",
    "industry": "Medical Devices"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-10-07",
    "accession": "0001193125-26-416954",
    "url": "https://www.sec.gov/Archives/edgar/data/711377/000119312526416954/neog-20260831.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-10-09",
    "url": "https://www.sec.gov/Archives/edgar/data/711377/000119312525235720/neog-20250831.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 870400000,
      "display": "$870.4M",
      "unit": "usd",
      "period": "2026-05-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001193125-26-416954",
        "filing_date": "2026-10-07"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": -2.7159941879959737,
      "display": "-2.7%",
      "unit": "percent",
      "period": "2026-05-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001193125-26-416954",
        "filing_date": "2026-10-07"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": -2.4816176470588234,
      "display": "-2.5%",
      "unit": "percent",
      "period": "2026-05-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001193125-26-416954",
        "filing_date": "2026-10-07"
      }
    }
  ],
  "watch_next": [
    {
      "type": "pricing",
      "statement": "Margin improved with help from higher volume, pricing, and favorable foreign exchange, so the next report can show whether those contributors persist.",
      "importance": "medium",
      "evidence": "The increase in margin was primarily due to volume increases, price increases, and favorable foreign currency exchange impacts.",
      "source_date": "2026-10-07"
    },
    {
      "type": "labor_costs",
      "statement": "Lower compensation costs tied to headcount reductions helped the period, while increased restructuring costs partly offset the benefit.",
      "importance": "medium",
      "evidence": "The decrease was primarily due to lower outbound shipping costs and lower compensation costs associated with headcount reductions, partially offset by increased restructuring costs.",
      "source_date": "2026-10-07"
    },
    {
      "type": "working_capital",
      "statement": "Operating improvement lifted cash, but working-capital changes tied mainly to receivables and payables reduced the benefit.",
      "importance": "medium",
      "evidence": "The increase is primarily due to an improvement in operating income offset by unfavorable changes in working capital primarily associated with accounts receivable and accounts payable.",
      "source_date": "2026-10-07"
    },
    {
      "type": "demand",
      "statement": "Higher sales volumes supported the latest period, with growth in both reported operating segments.",
      "importance": "medium",
      "evidence": "The increase was primarily driven by higher sales volumes and lower sample collection manufacturing cost inefficiencies.",
      "source_date": "2026-10-07"
    }
  ],
  "related_tickers": [
    "NEOG"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}