Neogen Makes Forbes’ List of Top 200 Companies

Lansing-based Neogen Corporation recently made Forbes’s list of 200 Best Small Companies in America. This is the sixth time in eight years that Negoen’s climbed its way onto this list.

According to excerpts from the article:

"Our 200 Best Small Companies in America must pass through a gauntlet to qualify for the list. We judged candidates-all with revenues between $5 million and $750 million and share prices above $5 as of Oct. 1-according to return on equity, as well as sustained sales and net profit growth over 12- month and five-year periods," said Forbes' editors in announcing the list. "Too much debt, signs of a downturn in the future, or a whiff of legal troubles, are all disqualifiers."

"We are very proud of this recognition, and the trust that we've earned based on consistent growth in sales and operating profits," said James Herbert, Neogen's chairman and CEO.

Neogen's recent success is, in part, being driven by its growing international sales. In its most recently completed quarter, the percentage of overall sales from international markets reached 40% of the company's total revenues for the first time ever. In recognition of this growth, Neogen recently received two honors:

-- The British-American Business Council honored Neogen's Scotland-based subsidiary Neogen Europe with a British Consul General Award for its innovation in the development and marketing of solutions for food and animal safety, and creation of high quality jobs as a result of its rapid growth. The event recognizes corporations and/or individuals who have made significant contributions to furthering relations and commerce between the United Kingdom and the United States.

-- Neogen Europe was honored with the Queen's Award for Enterprise, which is regarded as the most prestigious business award in the United Kingdom.

Read the entire article here.