Improvements Driven by International Growth and InLight Product Sales
GLENWOOD, Ill., April 29 /PRNewswire-FirstCall/ -- Landauer, Inc.
(NYSE: LDR), a recognized leader in personal and environmental radiation
monitoring, today reported that its performance set new records for revenue
and net income for the three and six months ended March 31, 2008.
Second Quarter 2008 Highlights
-- Revenue reached a record $23.7 million on InLight equipment sales and
higher international sales, driven by higher volume in most regions,
favorable exchange rates and a new venture in Mexico.
-- Increased volume and continued cost management contributed to a
$1.7 million, or 12 percent, increase in gross profit over the prior
-- Operating cash flow increased 45 percent to $15.2 million.
-- Net income grew 8 percent to $6.4 million, or $0.69 per diluted share.
-- Signed agreement with Health Canada to provide InLight products in
2008, to support Canada's Emergency Response Strategy.
"We are pleased to report another quarter of record revenue and strong earnings growth. Our continued strong performance in the current economic environment confirms the stability of our business model," stated Bill Saxelby, President and CEO of Landauer. "Our solid results are directly attributable to executing on our strategic priorities of optimizing the core business, driving competitive growth, and pursuing strategic expansion. We have managed our resources to ensure progress against all of our strategic priorities, and the success of this balanced approach is reflected in our financial performance and strong cash flows."
Saxelby continued, "Our focus on internatio
|SOURCE Landauer, Inc.|
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