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Landauer, Inc. Reports Fiscal 2013 Second Quarter Results
Date:5/6/2013

GLENWOOD, Ill., May 6, 2013 /PRNewswire/ -- Landauer, Inc. (NYSE: LDR), a recognized leader in personal and environmental radiation measurement and monitoring, outsourced medical physics services and high quality medical consumable accessories, today reported financial results for its fiscal 2013 second quarter ended March 31, 2013.

Fiscal 2013 Second Quarter Highlights

  • Revenue of $37.1 million in the second quarter of fiscal 2013
  • Operating income of $7.1 million includes IT platform enhancement expense ($1.9 million) and non-cash stock based compensation ($0.4 million)
  • Net income of $5.2 million, or $0.54 per diluted share, included $0.06 per diluted share of IT platform enhancement, acquisition expenses, and non-cash stock based compensation expenses
  • EBITDA of $11.3 million
  • Updated Financial Guidance:
  • Revenue lowered to a range of $150 million to $155 million
  • Adjusted EBITDA lowered to a range of $51 million to $53 million
  • Net Income range unchanged: $21 million to $23 million
  • "Our second quarter results reflect the stable operating environment in our Radiation Measurement segment, improved profitability in our Medical Physics segment and the challenging marketplace in our Medical Products unit," said Bill Saxelby, President and CEO of Landauer. "During the quarter, revenue growth in both our Radiation Measurement and Medical Physics businesses were flat to prior year due to the timing of new orders from military and first responder customers in the core Radiation Measurement business and the focus on improving operating margins in the Medical Physics business. Our Medical Products business experienced significant pricing pressure, which had a major impact on the revenue contributions from this business through our fiscal 2013 second quarter. As a result, we are lowering our revenue guid
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    SOURCE Landauer, Inc.
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