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Neogen Corporation recently announced its revenues for the third quarter of FY 2012 increased 6.3% from the previous year's third quarter to $44,912,000. The growth represents a record third quarter for the 30-year-old company.
“Basically this was a turnaround from a couple of disappointing quarters,” says Terry Maynard, Investor Relations Manager for Neogen. “We’ve now returned to our traditional growth patters. We hope we’ll soon be back to our normal double-digit growth.”
According to Maynard, the recovering economy has played the largest role in the firm’s return to growth.
“We do see the economy getting slightly better for our customers,” he says.
Neogen has also recently released new products, which Maynard hopes will contribute to even more continued growth in the future. The Lansing-based food and animal safety company operates in several locations throughout the U.S. and has an international presence.
Neogen added 40 new positions in their Lansing location in the last year. Worldwide, Neogen currently has 730 employees after recently adding 90 new positions.
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