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

o increased IT platform enhancement related expenses of $1.9 million, $0.4 million in increased international costs, and increased customer services costs of $0.3 million, offset by $0.4 million in lower material costs in the current quarter and decreased prior year IT platform expenses of $0.3 million.

Medical Physics SegmentMedical Physics revenues for the second fiscal quarter of 2013 decreased 1.3 percent, or $0.1 million, from the comparable period in fiscal 2012 to $7.6 million.  The Medical Physics segment operating income was $0.7 million due primarily to decreased service costs of $.7 million, or 9.2 percent of revenues, as compared to $0.1 million, or 1.3 percent of revenues, in the second fiscal quarter of 2012. 

Medical Products Segment
Medical Products revenues for the second fiscal quarter of 2013 decreased 45.1 percent, or $1.8 million, from the second fiscal quarter of 2012 to $2.2 million. Medical Products operating income for the second fiscal quarter of 2013 was $0.3 million, or 13.6 percent of revenues, as compared to $2.0 million, or 50.0 percent of revenues, in the second fiscal quarter of 2012.  The decrease in revenue and operating income was due primarily to a decline in selling price and shipments of Spherz product without a corresponding decrease in costs.

Fiscal Six Months Financial Overview and Business Segment ResultsRevenues for the first six months of fiscal 2013 were $73.8 million, a decrease of $2.0 million, or 2.6 percent compared with revenues of $75.8 million for the same period in fiscal 2012.  The Medical Products segment had a decline of $1.3 million and the Radiation Measurement segment decreased $0.7 million in revenues.Gross margins were 54.4 percent for the first six months of fiscal 2013, compared with 59.2 percent for the first six months of fiscal 2012.  The decline in gross margin over the prior year period was due to decreased revenue of $2.0 million as
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SOURCE Landauer, Inc.
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