| Income Statement for Neogen Corp. (NEOG) | | | | | | | Income | in Thousands of Dollars | | | 05/2008 | 05/2007 | 05/2006 | 05/2005 | 05/2004 | | | Operating Revenue | 102,418 | 86,138 | 72,433 | 62,756 | 55,498 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (45,669) | (38,735) | (33,010) | (30,450) | (26,587) | | Gross Operating Profit | 56,749 | 47,403 | 39,423 | 32,306 | 28,911 | | | Selling/General/Admin Expense | (31,575) | (27,764) | (21,973) | (19,105) | (17,074) | | Research & Development | (3,639) | (3,295) | (2,988) | (2,729) | (2,893) | | EBITDA | 21,535 | 16,344 | 14,462 | 10,472 | 8,944 | | Depreciation & Amortization | (3,516) | (2,840) | (2,417) | (1,703) | (1,402) | | EBIT | 18,019 | 13,504 | 12,045 | 8,769 | 7,542 | | Interest Income | 442 | 373 | 80 | 7 | 48 | | Other Income, Net | 37 | 13 | 249 | 223 | 145 | | Total Income Avail For Interest Expense | 18,498 | 13,890 | 12,374 | 8,999 | 7,735 | | Interest Expense | - | (15) | (283) | (83) | (61) | | Pre-Tax Income | 18,498 | 13,875 | 12,091 | 8,916 | 7,674 | | Income Taxes | (6,400) | (4,750) | (4,150) | (3,000) | (2,575) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 12,098 | 9,125 | 7,941 | 5,916 | 5,099 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 12,098 | 9,125 | 7,941 | 5,916 | 5,099 | | | Normalized Income | 12,098 | 9,125 | 7,941 | 5,916 | 5,099 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 12,098 | 9,125 | 7,941 | 5,916 | 5,099 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 05/2008 | 05/2007 | 05/2006 | 05/2005 | 05/2004 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.84 | 0.66 | 0.64 | 0.49 | 0.43 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.84 | 0.66 | 0.64 | 0.49 | 0.43 | | | Diluted EPS from Continuing Operations | 0.81 | 0.65 | 0.61 | 0.47 | 0.41 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.81 | 0.65 | 0.61 | 0.47 | 0.41 | | | |
