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Landauer, Inc. Reports Fiscal 2012 Second Quarter Results
Date:5/7/2012

ong-term incentive plans, $0.5 million of increased spending to support international revenue growth, a $0.5 million increase in employee benefit plan and medical expenses, a $0.4 million increase in research and development activities in connection with the military and first responder initiatives, a $0.6 million investment in customer facing organizations, and $0.3 million of increased professional fees.

Radiation Monitoring adjusted operating income, exclusive of the impact of acquisition related transaction expenses, IT platform enhancement expenses, and non-cash stock based compensation expenses for the first six months of fiscal 2012 decreased 17.5 percent, or $4.0 million, to $18.5 million compared with adjusted operating income of $22.5 million for the comparable period in fiscal 2011.

Medical Physics SegmentMedical Physics revenues for the first six months of fiscal 2012 increased 62.0 percent, or $5.8 million, from the comparable period in 2011 to $15.1 million on $1.7 million of organic growth and $4.1 million due to the impact of acquired companies.  The Medical Physics segment operating income of $1.0 million, or 6.6 percent of revenues, increased $1.7 million as compared to a loss of $0.7 million, or 7.0 percent of revenues, in the first six months of fiscal 2011.  The improvement in operating income was primarily due to operating efficiencies in the core Medical Physics business and higher episodic equipment commissioning sales leveraging a relatively fixed cost structure, as well as higher volume sales inclusive of acquired companies. 

Medical Products SegmentRevenues for the period from the date of acquisition through March 31, 2012 were $6.2 million.  Medical Products operating income was $2.4 million or 38.2 percent of revenues for the same period.  Given the acquisition of IZI was completed during the first quarter of fiscal 2012, there is no direct comparison to the prior year s
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SOURCE Landauer, Inc.
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