Segment Information (Tables)

12 Months Ended

May 31, 2026

The following tables reflect segment and corporate information:


	Year Ended May 31, 2026
	Food Safety			Animal Safety			Corporate and Eliminations (1)			Total
Total Revenues	$	662.6		$	237.3		$	—		$	899.9
Intersegment Revenue		(21.5	)		(8.0	)		—			(29.5	)
Net Revenue		641.1			229.3			—			870.4
Total Cost of Revenues		317.1			144.8			—			461.9
Operating Expenses		260.6			60.0			109.5			430.1
Operating Income (Loss)	$	63.4		$	24.5		$	(109.5	)	$	(21.6	)

Depreciation and Amortization	$	104.8		$	11.5		$	—		$	116.3
Interest Expense	$	—		$	—		$	60.4		$	60.4
Total Assets	$	2,875.4		$	285.1		$	185.5		$	3,346.0
Expenditures for long-lived assets	$	47.8		$	3.5		$	—		$	51.3

	Year Ended May 31, 2025
	Food Safety			Animal Safety			Corporate and Eliminations (1)			Total
Total Revenues	$	660.0		$	267.0		$	—		$	927.0
Intersegment Revenue		(21.9	)		(10.4	)		—			(32.3	)
Net Revenue		638.1			256.6			—			894.7
Total Cost of Revenues		308.7			164.6			—			473.3
Operating Expenses		1,315.1			84.7			82.6			1,482.4
Operating Income (Loss)	$	(985.7	)	$	7.3		$	(82.6	)	$	(1,061.0	)

Depreciation and Amortization	$	105.0		$	14.5		$	—		$	119.5
Interest Expense	$	—		$	—		$	71.6		$	71.6
Total Assets	$	2,991.7		$	323.1		$	129.0		$	3,443.8
Expenditures for long-lived assets	$	96.7		$	7.9			—		$	104.6

	Year Ended May 31, 2024
	Food Safety			Animal Safety			Corporate and Eliminations (1)			Total
Total Revenues	$	658.3		$	277.7		$	—		$	936.0
Intersegment Revenue		(3.0	)		(8.8	)		—			(11.8	)
Net Revenue		655.3			268.9			—			924.2
Total Cost of Revenues		301.6			158.7			—			460.3
Operating Expenses		271.3			70.9			63.1			405.3
Operating Income (Loss)	$	82.4		$	39.3		$	(63.1	)	$	58.6

Depreciation and Amortization	$	102.3		$	14.4			—		$	116.7
Interest Expense		—			—		$	73.4		$	73.4
Total Assets	$	4,035.3		$	342.6		$	170.9		$	4,548.8
Expenditures for long-lived assets	$	93.0		$	18.4			—		$	111.4

(1)

Includes corporate assets, including cash and cash equivalents, marketable securities, current and deferred tax accounts, and overhead expenses not allocated to specific business segments. Also includes the elimination of intersegment transactions.

Disaggregated Revenue

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

Disaggregated Property and Equipment Net

The following table presents the Company's net property and equipment amounts disaggregated by country.


	Year Ended May 31,
	2026		2025
United States	$	282.9	$	278.4
United Kingdom		10.9		12.5
Other		36.0		48.2
Total Property, Plant, and Equipment	$	329.8	$	339.1