Neogen Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended May 31, 2018. For the quarter, the company reported total revenue of $109.287 million against $98.847 million a year ago. Operating income was $19.859 million against $19.000 million a year ago. Income before tax was $19.895 million against $18.941 million a year ago. Net income attributable to the company was $17.545 million or $0.33 per diluted share against $12.474 million or $0.24 per diluted share a year ago. The company continues to produce strong cash flow, generating $22.5 million in cash from operations during the quarter.

For the year, the company reported total revenue of $402.252 million against $361.594 million a year ago. Operating income was $70.194 million against $64.945 million a year ago. Income before tax was $73.465 million against $66.673 million a year ago. Net income attributable to the company was $63.145 million or $1.21 per diluted share against $43.793 million or $0.86 per diluted share a year ago. Cash from operations for the full year was $69 million and investing $21 million in property and equipment and other noncurrent assets for the year.

Effective with the first quarter of fiscal 2019, federal income taxes will be calculated off the new 21% statutory rate.