Company: NEOG
Filing Date: 2025-01-15
Form Type: 10-Q
Source: 0000950170-25-005818
Chunk: 44

Company: NEOGEN CORP
Filing Date: 2025-01-15
Form: 10-Q
Item: Item 2
Chunk 44
---
    (20,290
    )

    (260
    )

    (23,290
    )

    (100
    )

    Depreciation and amortization

    30,049

    29,469

    59,849

    58,203

    Interest expense, net

    17,367

    16,169

    34,989

    32,835

    EBITDA
     
    $
    (429,156
    )
     
    $
    41,891

    $
    (397,343
    )
     
    $
    88,954

    Share-based compensation

    4,819

    3,512

    8,801

    6,150

    FX transaction loss on loan and other revaluation (1)

    384

    1,002

    64

    712

    Certain transaction fees and integration costs (2)

    3,593

    4,688

    8,715

    6,639

    Restructuring (3)

    9,568

    1,856

    9,938

    2,415

    Goodwill impairment

    461,390

    —

    461,390

    —

    Contingent consideration adjustments

    —

    150

    —

    450

    ERP expense (4)

    716

    2,075

    2,551

    2,203

    Discontinued product line expense (5)

    —

    —

    912

    20

    Other

    67

    (74
    )

    67

    (74
    )

    Adjusted EBITDA
     
    $
    51,381

    $
    55,100

    $
    95,095

    $
    107,469

    Adjusted EBITDA margin %

    22.2
    %

    24.0
    %

    21.2
    %

    23.4
    %

(1)Net foreign currency transaction gain associated with the revaluation of foreign denominated intercompany loans established in connection with the 3M Food Safety transaction and other non-hedged foreign currency revaluation resulting from 3M agreements.

(2)Includes costs associated with the