Neogen Corp

The Company plans to use the proceeds from the transaction primarily for debt reduction.

SEC original ↗Neogen Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2026

Net debt is a non-GAAP measure calculated as total debt (current and non-current) less cash and cash equivalents.

SEC original ↗Neogen Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2026

Net debt-to-Adjusted EBITDA is a non-GAAP ratio that uses net debt as the numerator and Adjusted EBITDA as the denominator.

SEC original ↗Neogen Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2026

The Company uses net debt-to-Adjusted EBITDA to evaluate its leverage position and the expected impact of debt repayment and deleveraging initiatives.

SEC original ↗Neogen Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2026

The Company’s senior credit facility contains financial covenants that utilize leverage ratios calculated using measures substantially similar to Adjusted EBITDA.

SEC original ↗Neogen Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2026

As of May 31, 2026, total debt was $793.7 million, cash and cash equivalents were $185.5 million, resulting in net debt of $608.2 million.

SEC original ↗Neogen Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2026

“We ended fiscal year 2026 with significant momentum and have a number of initiatives underway to further enhance our commercial efforts and the way we approach customers and our core markets.

SEC original ↗Neogen Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2026

Our entire organization is focused on disciplined execution and sustaining the operational momentum that we have seen in the business throughout fiscal year 2026.

SEC original ↗Neogen Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2026

Adjusted EBITDA margins benefited from the impact of the Company's first quarter cost saving initiatives and improvements in gross margins.

SEC original ↗Neogen Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2026

• Neogen is supporting efforts to counter the New World Screwworm (NWS) expansion in the United States.

SEC original ↗Neogen Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2026

• The Company is in the process of launching its new global go-to-market strategy and enterprise-wide solutions-based selling model.

SEC original ↗Neogen Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2026

On a sequential basis, Animal Safety revenue increased by over 7% as the Company resolved the majority of the supply related challenges, which had resulted in product shortages.

SEC original ↗Neogen Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2026

These “forward-looking statements” are management’s present expectations of future events as of the date hereof and are subject to a number of known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially and adversely from those anticipated.

SEC original ↗Neogen Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2026

(9) Includes costs primarily associated with shareholder litigation and other legal expenses and product recall expenses.

SEC original ↗Neogen Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2026

(4) Includes costs primarily associated with shareholder litigation and other legal expenses and product recall expenses.

SEC original ↗Neogen Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2026

(8) Includes costs primarily associated with shareholder litigation and other legal expenses and product recall expenses.

SEC original ↗Neogen Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2026

Legal Proceedings 26 Item 1A.

SEC original ↗Neogen Corp — 10-Q Quarterly report10-QOct 7, 2026