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

ance expectations for the full year to reflect year to date performance and the current pricing and demand environment."

Saxelby continued, "Despite these near term challenges, we remain committed to our long-term plan and the growth potential of our combined radiation measurement and safety platform.  Our expanding relationships with military and first responder customers, along with next generation products will continue to drive the Radiation Measurement business. The Medical Physics business has continued to show improved profitability and is gaining traction with its system-wide radiation safety solution.
We reorganized the leadership and sales structure of the Medical Products business, acquired the assets of a complimentary business and are already seeing these strategic moves begin to yield positive results. We remain committed to creating value for our shareholders by executing against our strategic initiatives while maintaining our robust dividend policy."

Second Fiscal Quarter Financial Overview and Business Segment ResultsRevenues for the second fiscal quarter of 2013 and for the second fiscal quarter of 2012 were $37.1 million and $39.1 million, respectively.  The Medical Products segment revenue decreased $1.8 million and Radiation Measurement and Medical Physics revenues each decreased $0.1 million over the prior fiscal year period.  Consolidated revenue for the second fiscal quarter of 2013 was negatively affected by $0.1 million in currency fluctuation, as compared with the prior fiscal year period, principally due to weakness in the Brazil Real against the U.S. Dollar.

Gross margins were 54.0 percent for the second fiscal quarter of 2013, compared with 59.0 percent for the second fiscal quarter of 2012. The decrease in the gross margin over the prior year period was due to planned cost increases primarily related to IT platform enhancement expenses of $0.5 million for additional depreciation, $1.0 million in
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SOURCE Landauer, Inc.
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