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Landauer, Inc. Reports Record Results for Second Quarter
Date:4/29/2008

nal expansion remains strong, as the InLight product platform continues to be adopted around the globe. The second quarter saw us close the single largest order in Landauer's history, as we signed a $2 million agreement to provide our InLight dosimetry equipment to the National Dosimetry Services of Health Canada to support Canada's nationwide Emergency Response Strategy. Landauer has delivered approximately $750,000 of finished products in the fiscal quarter ended March 31, 2008 under the contract. We believe the recent ventures in Australia and Mexico and product sales into Italy, and now Canada, affirm the superiority of InLight's OSL technology."

InLight Equipment and International Expansion Fuels Revenues, Earnings for Quarter, Six Months

Revenues for the second quarter of fiscal 2008 were $23.7 million, a 10 percent increase compared with $21.6 million at this time last year. Domestic revenue rose 5 percent or $939,000 for the quarter, due primarily to InLight equipment sales. International revenue increased 26 percent, or $1.2 million, led by growth in most regions, strong InLight service and equipment growth, the impact of favorable currency translation and the addition of a new subsidiary in Mexico.

Cost of sales increased 5 percent from the same quarter last year, while the gross margin expanded to 68 percent from 67 percent in the year ago period. Selling, general and administrative expenses for the second fiscal quarter grew 13 percent, or $709,000. Factors contributing to the increase included international spending to support growth, the impact of foreign exchange, higher salary and benefits related to staff additions, and investments in sales and marketing resources.

Net income for the most recent quarter grew 8 percent to $6.4 million, compared with $5.9 million a year ago. Earnings per diluted share for the three months were $0.69 versus $0.65 in 2007.

For the six months ended on March 31, 2008, revenues increased
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SOURCE Landauer, Inc.
Copyright©2008 PR Newswire.
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