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Landauer, Inc. Reports Fiscal 2011 Third Quarter Results
Date:8/9/2011

GLENWOOD, Ill., Aug. 9, 2011 /PRNewswire/ -- Landauer, Inc. (NYSE: LDR), a recognized global leader in personal and environmental radiation monitoring and the leading domestic provider of outsourced medical physics services, today reported financial results for its fiscal 2011 third quarter ended June 30, 2011.  

Fiscal 2011 Third Quarter Highlights

  • Revenue grew 11 percent to $29.2 million on contribution from Medical Physics segment and international growth, primarily due to favorable exchange.
  • Gross profit grew 6 percent to $17.1 million on increased revenue and mix.
  • Operating income declined 2 percent to $7.8 million on increased selling, general and administrative spending to support long-term growth.
  • Net income declined 10 percent to $5.5 million, or $0.59 per diluted share due to non-recurring prior year tax benefits.
  • Acquisition to expand imaging physics offering in the Southeast for Medical Physics segment completed on July 1, 2011.
  • United States Army awarded multi-year contract for Landauer's Radwatch solution to upgrade their tactical dosimetry capabilities.

  • "This quarter we achieved several significant milestones against our long-term strategic priorities," stated Bill Saxelby, President and CEO of Landauer.  "The selection of Landauer's Radwatch solution to upgrade the US Army's tactical dosimetry capabilities validates the superiority of the solution we have developed, with our partners, for the Military and First Responders markets.  Several of our initiatives in these markets have made solid progress and are advancing through the funding process."

    Saxelby added, "We continued to gain traction with our Medical Physics business which provided a positive contribution to our operating earnings performance.  We advanced our geographic expansion with the acquisi
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    SOURCE Landauer, Inc.
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