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Neogen admitted on June 4, 2025, that while it still expected its Q4 2025 financial results would be “materially approximate [to] where [the Company] had put [its] guide,” it “would expect EBITDA margin to probably be around the high-teens.” This margin represents a considerable drop from the previous quarter’s profit margin of 22%. The Company blamed this shortfall on “elevated inventory write-offs.”
Following this news, shares of Neogen fell over 17% on the same day.