07:39 AM EDT, 04/09/2025 (MT Newswires) -- Neogen (NEOG) said Wednesday that Chief Executive and President John Adent will step down.

The company said it is looking for a new CEO, adding that Adent will continue in his current roles until a successor is appointed.

Separately, Neogen reported that its fiscal Q3 adjusted earnings and revenue decreased from a year earlier, while the company cut its fiscal 2025 revenue outlook.

Neogen shares were down nearly 15% in recent premarket activity.