Neogen Corporation (NASDAQ: NEOG) hosted its 2026 Investor Day, titled “Shaping the Future of Food Safety,” in New York City. The company’s senior leadership team outlined a long-term strategy focused on sustained profitable growth, category leadership, innovation and margin expansion.

As part of the strategy, Neogen plans to increase research and development investment by approximately 50% in FY2027. The company is also targeting R&D investment equal to approximately 5% of revenue by FY2031, with the aim of expanding its solutions to meet customer needs.

Neogen’s financial framework targets high-single-digit to low-double-digit total revenue growth by FY2031. The company also aims to achieve an adjusted gross margin in the high-50% range and a 30% adjusted EBITDA margin by that fiscal year.

The framework is supported by Neogen’s focus on strong free cash flow generation and financial discipline. The company is also targeting net leverage of less than 2.5x.

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