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

mestically and internationally, and higher selling, general and administrative expenses.  Selling, general and administrative costs for the second fiscal quarter of 2012 increased 29.9 percent, or $2.2 million, from the comparable prior year period, to $9.6 million.  The increase was due primarily to a $0.7 million increase in compensation costs, consistent with operating performance expectations and timing of short-term and long-term incentive plans, $0.3 million of increased professional fees, a $0.3 million increase in research and development activities in connection with military and first responder initiatives, a $0.3 million increase from investment in the Company's customer facing organizations, a $0.2 million increase in employee benefit plan and medical expenses, a $0.2 million increase due to the Company's IT systems initiative, and $0.2 million of increased spending to support international revenue growth.

Corporate expenses for shared functions are recognized in the Radiation Monitoring segment where they have been reported historically.  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 second fiscal quarter of 2012 decreased 28.3 percent, or $3.7 million, to $9.2 million compared with adjusted operating income of $12.9 million for fiscal 2011.

Medical Physics SegmentMedical Physics revenues for the second fiscal quarter of 2012 increased 60.2 percent, or $2.9 million, from the comparable period in 2011 to $7.7 million on $0.7 million of organic growth and $2.2 million due to the impact of acquired companies.  The Medical Physics segment operating income of $0.1 million, or 1.4 percent of revenues, increased $0.3 million as compared to a loss of $0.2 million, or 4.0 percent of revenues, in the second fiscal quarter of 2011.  The improvement in operat
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