v3.26.1
Revenue Recognition (Tables)
12 Months Ended
May 31, 2026
Summary of Contract Liabilities by Period

The following table summarizes contract liabilities by period:

 

Year Ended May 31 ,

 

 

 

 

2026

 

 

2025

 

 

Beginning balance

 

$

5.6

 

 

$

4.6

 

 

Additions

 

 

10.2

 

 

 

12.7

 

 

Recognized into revenue

 

 

(11.2

)

 

 

(11.7

)

 

Reclassified to held for sale (1)

 

 

(1.0

)

 

 

 

 

Ending balance

 

$

3.6

 

 

$

5.6

 

 

(1) Represents deferred revenue reclassified to the Company's held for sale entities. See Note 4 "Assets Held for Sale and Divestiture" for further detail.

Summary of Disaggregated Revenue by Geographic Location

The following table presents the Company’s revenue disaggregated by geographical location. Country information has not been disclosed as it is impracticable to do so.

 

 

Year Ended May 31,

 

 

 

2026

 

 

2025

 

 

2024

 

Domestic

 

$

425.1

 

 

$

446.0

 

 

$

465.2

 

International

 

 

445.3

 

 

 

448.7

 

 

 

459.0

 

Total Revenue

 

$

870.4

 

 

$

894.7

 

 

$

924.2

 

Operating Segments  
Summary of Disaggregated Revenue by Geographic Location

The following table presents disaggregated revenue by major product and service categories for the years ended May 31, 2026, 2025 and 2024:

 

Year Ended May 31,

 

 

2026

 

2025

 

2024

 

Food Safety:

 

 

 

 

 

 

Natural Toxins & Allergens

$

77.5

 

$

77.0

 

$

82.2

 

Bacterial & General Sanitation

 

175.4

 

 

164.8

 

 

171.2

 

Indicator Testing & Culture Media

 

332.7

 

 

312.2

 

 

322.0

 

Rodent Control, Insect Control & Disinfectants

 

18.2

 

 

47.0

 

 

43.0

 

Genomics Services

 

24.6

 

 

23.4

 

 

24.3

 

Other

 

12.7

 

 

13.7

 

 

12.6

 

$

641.1

 

$

638.1

 

$

655.3

 

Animal Safety:

 

 

 

 

 

 

Life Sciences

$

6.6

 

$

6.5

 

$

6.5

 

Veterinary Instruments & Disposables

 

56.9

 

 

61.5

 

 

65.8

 

Animal Care & Other

 

29.3

 

 

34.7

 

 

37.0

 

Rodent Control, Insect Control & Disinfectants

 

68.9

 

 

88.1

 

 

88.7

 

Genomics Services

 

67.6

 

 

65.8

 

 

70.8

 

$

229.3

 

$

256.6

 

$

268.9

 

Total Revenue

$

870.4

 

$

894.7

 

$

924.2