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Landauer, Inc. Reports Fiscal 2011 Fourth Quarter and Year End Results
Date:12/6/2011

GLENWOOD, Ill., Dec. 6, 2011 /PRNewswire/ -- Landauer, Inc. (NYSE: LDR), a recognized leader in personal and environmental radiation monitoring, outsourced medical physics services and high quality medical consumable accessories, today reported financial results for its fiscal 2011 fourth quarter and year ended September 30, 2011.

Fiscal 2011 Highlights

  • Revenue increased 5.3 percent to $120.5 million.
  • Gross profit grew 4.4 percent to $72.9 million on increased revenue and product mix.
  • Operating income increased $0.3 million to $34.9 million.
  • Net income increased 3.6 percent to $24.5 million, or $2.58 per diluted share.
  • Completed acquisition of IZI Medical Products in November.
  • Announced quarterly dividend rate of $0.55 for the first fiscal quarter of fiscal 2012 in November, providing an annual dividend rate of $2.20 consistent with 2011 levels.
  • The military issued orders totaling $14.5 million relating to the Company's initiatives during the fiscal year for shipments in fiscal 2012 and beyond.

    • "The results for this year demonstrate the balanced approach we are taking in the pursuit of new growth opportunities and managing resources effectively to produce steadily improving long-term performance in our core dosimetry business and new markets," stated Bill Saxelby, President and CEO of Landauer.  "During fiscal 2011 we made significant progress against our strategic priorities and we continue to see strong interest from the market for services that integrate our traditional occupational monitoring services with our Medical Physics offering."

    Saxelby added, "We successfully advanced our military initiative and received orders from the U.S. military for a program totaling $14.5 million during the fiscal year, which will be shared with our military partner. The Company's po
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    SOURCE Landauer, Inc.
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