Excluding the costs associated with the goodwill impairment, adjusted net income was $4.0 million. The resulting adjusted diluted earnings per share for the third fiscal quarter ended June 30, 2013 was $0.51 per share.
Adjusted EBITDA for the fiscal third quarter 2013 was $11.1 million compared with $13.9 million for the third fiscal quarter of 2012. The decrease was due primarily to lower earnings. A reconciliation of net income to EBITDA and Adjusted EBITDA is included in the attached financial exhibits.
Radiation Measurement SegmentRadiation Measurement revenues for the third fiscal quarter of 2013 decreased 1.9 percent, or $0.5 million, from the third fiscal quarter of 2012 to $26.4 million. The decrease in the fiscal 2013 third quarter was primarily due to revenue decreases domestically over the prior year third fiscal quarter of $1.2 million, due to fewer equipment sales, offset by international increases of $0.6 million, due to service revenue growth across multiple regions, and currency translation benefits of $0.1 million.
Radiation Measurement operating income for the third fiscal quarter of 2013 decreased to $4.8 million, or 29.4 percent, from $6.8 million in the comparable prior year period. The decrease in operating income was due to increased IT expenses related to the Company's IT platform enhancement of $1.7 million, $0.5 million decreased revenue, $0.2 million of additional customer service support, $0.2 million of increased R&D, and $0.2 million of international costs, offset by IT platform enhancement expenses of $0.6 million in the prior year peri
|SOURCE Landauer, Inc.|
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