Neogen Corp. (NASDAQ: NEOG) reported Q2 EPS of $0.29, $0.02 better than the analyst estimate of $0.27. Revenue for the quarter came in at $90.7 million versus the consensus estimate of $88.5 million.

"Our second quarter shows Neogen's growth strategies continue to provide solid results, as we expanded our core business and efficiently integrated acquisitions," said James Herbert, Neogen's chief executive officer and chairman. "We view these strong results as another snapshot of Neogen's growth capabilities. We take pride in our outstanding sustained profitability, which allows us to capitalize on growth opportunities."

The second quarter was the 99th of the past 104 quarters that Neogen reported revenue increases as compared with the previous year — including all consecutive quarters in the last 11 years.

"We are pleased to report that a significant portion of our second quarter growth was due to increases in sales of key products, including natural toxin and food allergen diagnostics in our Food Safety segment, and genomic and drug testing in our Animal Safety segment," said Richard Calk, Neogen's president and chief operating officer. "DON outbreaks in the U.S., Canadian and European grain harvests created significant opportunities for existing product lines, and we were able to quickly ramp up production to meet the demand. We believe our quick response to the outbreaks is a good example of the organizational strength that sets us apart from our competitors."

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