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Landauer, Inc. Reports Fiscal 2011 Second Quarter Results
Date:5/3/2011

es

21,80121,441Stockholders' Equity:Landauer, Inc. stockholders' equity

84,35478,790Noncontrolling interest

993913Total stockholders' equity

85,34779,703TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$   157,075$   150,696Reconciliation of Net Income toEarnings before Interest, Taxes, Depreciation and Amortization(unaudited, amounts in thousands)Three Months Ended

Six Months EndedMarch 31,

March 31,2011

2010

2011

2010Net income attributed to Landauer, Inc.

$
7,997

$
7,811

$   13,816

$   12,938Add back:Interest and other (income) expense

75

(48)

(17)

(53)Income taxes

4,294

3,998

7,031

7,015Depreciation and amortization

1,807

1,517

3,604

3,063Earnings before interest, taxes, depreciationand amortization

$   14,173

$   13,278

$   24,434

$   22,963Use of Non-GAAP Financial MeasuresIn evaluating the Company's financial performance and outlook, management uses EBITDA.  EBITDA is a non-GAAP measure.  Management believes that such measure supplements evaluations using operating income, net income, and diluted earnings per share and other GAAP measures, and is a useful indicator for investors.  This indicator can help readers gain a meaningful understanding of our core operating results and future prospects without the effect of non-cash items and the Company's ability to generate cash flows from operations that are available for taxes, capital expenditures, and debt repayment.  Investors should recognize that these non-GAAP measures might not be comparable to similarly titled measures of other companies.  These measures should be considered in addition to, and not as a substitute for or superior to, any measure of performance, cash flows or liquidity prepared in accordance with accounting princi
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SOURCE Landauer, Inc.
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