Landauer, Inc. Reports Fiscal 2009 Third Quart... ( GLENWOOD Ill. Aug. ...)

Landauer, Inc. Reports Fiscal 2009 Third Quarter Results

Date:8/4/2009

GLENWOOD, Ill., Aug. 4 /PRNewswire-FirstCall/ -- Landauer, Inc. (NYSE: LDR), a recognized leader in personal and environmental radiation monitoring services, today reported financial results for the three and nine months ended June 30, 2009.

Fiscal 2009 Third Quarter Highlights

Revenue grew 7 percent to $23.5 million on continued global demand for InLight products and increased domestic badge revenues.
Gross profit grew 4 percent to $15.6 million on increased revenue.
Effective tax rate declined to 30 percent due primarily to changes in Illinois state tax law and tax benefit of funding frozen pension plan.
Net income grew 13 percent to $6.5 million, or $0.70 per diluted share.

"We are pleased with this quarter's financial results, which were driven substantially by InLight sales both domestically and abroad," stated Bill Saxelby, President and CEO of Landauer. "During the quarter we made significant InLight product placements across several markets we have targeted for growth including the U.S. military, the first responder market, and patient monitoring. In addition, we continued to drive global expansion through the continuation of our relationship with Health Canada and placement of InLight products into Southeast Asia through our joint venture with Nagase-Landauer."

"The continued acceptance of our InLight suite of products, success of our international expansion initiative and adoption of our offerings in the medical, nuclear and military markets affirm the long-term growth prospects for our business. We have also made significant progress in our current systems initiative, delivering successfully on several important milestones during the quarter."

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SOURCE Landauer, Inc.
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