Record Revenues Benefit from Strong International Performance and InLight
GLENWOOD, Ill., Jan. 31 /PRNewswire-FirstCall/ -- Landauer, Inc. (NYSE:
LDR), a recognized leader in personal and environmental radiation
monitoring, today reported record performance in its first fiscal quarter
ended December 31, 2007.
First Quarter Fiscal 2008 Highlights
-- Revenue reached a record $21.8 million on higher international revenues
in several regions and sales of InLight equipment.
-- Gross Margin increased $1.5 million, or 12 percent, on increased
revenue and continued cost management.
-- Operating cash flow expanded 12 percent to $8.5 million.
-- Net income grew 9 percent to $5.3 million, or $0.57 per diluted share.
-- Formed new joint venture with leading provider of dosimetry services in
Mexico effective January 1, 2008.
"Our strong financial performance, which includes another quarter of record revenues, is a direct reflection of executing on our key strategic initiatives: Optimizing our core business, driving competitive growth, and pursuing strategic expansion," explained Bill Saxelby, President and Chief Executive Officer of Landauer. "Our top-line growth was positively impacted by our objective to expand internationally through the InLight product platform. Continued strong revenue contribution from our international subsidiaries and the addition of our new venture in Mexico are key indicators of continued progress against this priority."
Saxelby added, "While our efforts regarding the global expansion of
InLight has been one successful tactic in our strategic plan, our long term
success reflects continued progress across all of our strategic
initiatives. We believe our revenue and earnings growth are attributable to
these efforts as well as the favorable industry environment in which we
operate. Despite challenges in the overa
|SOURCE Landauer, Inc.|
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