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Landauer, Inc. Reports Fiscal 2013 Third Quarter Results
Date:8/5/2013

ll cost of borrowing with lower credit spreads.

"Our Radiation Measurement and Medical Physics segments are performing as we had planned at their respective operating income levels when guidance for FY 2013 was originally communicated last November, but unplanned market challenges in our Medical Products business have caused us to take an impairment charge and lower EBITDA and net income guidance for FY 2013," stated Bill Saxelby, President and CEO of Landauer.

"The core Radiation Measurement business continues to perform in line with our expectations for FY 2013 and we are taking steps to improve global efficiency and reduce costs which are a byproduct of creating the management structure around this segment announced in FY 2012. These changes are primarily affecting our European operations. The operating margin performance in our Medical Physics business reflects the positive momentum generated by our profitability improvement initiatives over the last several quarters, and we see increased interest from large hospital systems regarding our enterprise wide radiation safety solution driving opportunities for future growth.  In the Medical Products business the new management team's leadership and direction, sales structure changes and product development efforts  have begun to show results in an improved revenue run rate, a significantly improved revenue pipeline for the business, and new business development opportunities.  Despite the disappointing year to date results for this business, we are confident that we have the right team and strategy in place to drive profitable growth long-term in this high margin consumable segment."

"We have taken proactive steps to improve the performance of our traditional Radiation Measurement business and Medical Physics businesses while addressing the competitive sales environment in our Medical Products business. Our focus will continue to be on generating free cash flow to invest in futu
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SOURCE Landauer, Inc.
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