Core Points - Comerica Bank is hosting its 16th annual Metro Detroit Shred Day on June 14, 2025, at its Great Lakes Campus, offering free document shredding and electronics recycling to the public [1][2] - The event aims to securely dispose of sensitive documents and electronics while also collecting non-perishable food donations for Gleaners Community Food Bank [3][10] Group 1: Event Details - The Shred Day will take place from 8 a.m. to 1 p.m. and is open to residents, small businesses, and nonprofit organizations [1][2] - Last year, over 1,100 vehicles participated, resulting in approximately 169,000 pounds of paper and 17,000 pounds of electronics being recycled [4][7] Group 2: Community Impact - The event not only focuses on fraud prevention but also contributes to sustainability and food security, with over 2,000 non-perishable food donations and approximately $4,500 in cash donations collected in 2024 [5][6] - In its 15-year history, the event has collected nearly 1.3 million pounds of shredded documents, significantly reducing environmental impact by generating 74% less air pollution and using 50% less water compared to traditional paper production [6][7] Group 3: Partnerships and Support - Comerica is partnering with Iron Mountain and Information Systems Resources to provide secure disposal services [3][4] - Gleaners Community Food Bank has been involved for 10 years, receiving over 17,000 pounds of food and approximately $23,000 in cash donations, resulting in over 95,000 meals provided [7][11]

Neogen (NEOG) FY Conference June 04, 2025 09:40 AM ET Speaker0 Good morning, everyone. Thank you for joining us here. My name is Brandon Vasquez. I am the research analyst here at William Blair covering Neogen. I am required to inform you that for a complete list of disclosures, please go to our website at WilliamBlair.com. Happy to have CFO and COO Dave Namora with us from Neogen this morning who's gonna present. We he will go over presentation if we have a couple minutes. Like usual, I'll ask a couple que ...

Company Overview - Neogen is a global leader in food security, uniquely positioned to support a safe, sufficient, and sustainable food supply[6, 7] - The company's product offerings across Food Safety and Animal Safety platforms address global food security challenges[8] - Neogen has undergone a strategic shift of its portfolio towards Food Safety, with Food Safety accounting for 64% of revenue after combining with the former 3M Food Safety business[9, 10] Market and Growth Drivers - Neogen addresses large and growing markets with attractive long-term fundamentals, driven by trends like increasing food allergies, rising incomes in emerging markets, and increasing traceability requirements[15] - The company operates in the Food Safety market, estimated at $22 billion with a long-term growth rate of 6-8%, and the Animal Safety market, estimated at $55 billion with a long-term growth rate of 4-6%[15] - The company has significant opportunity to achieve long-term success in the high-growth Food Safety category[16] Financial Performance and Outlook - Preliminary view suggests Q4 FY25 revenue will materially approximate guidance, with adjusted EBITDA margin anticipated to be in the high-teens range[18] - The company estimates the annualized direct impact of current tariffs at approximately $5 million after supply actions, exemption waivers, and pricing[18] - The company anticipates ~$100M in Q1 FY '26 from portfolio actions to be used for debt paydown[19] Strategic Initiatives - Neogen is implementing a targeted improvement plan to accelerate Food Safety growth, complete the 3M FSD integration, reinvigorate innovation, and align the cost structure[19] - The company is simplifying and focusing on the most attractive end markets, with the Cleaners & Disinfectants divestiture signed in Q4 and a process underway for Genomics[19] - Neogen is undertaking actions to reduce net leverage below 30x and maintain ample liquidity[19]