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

he first nine months of fiscal 2012 to $80.0 million. The decrease in the first nine months of fiscal 2013 was primarily due to decreases of equipment sales domestically of approximately $2.0 million and currency impacts of $0.2 million, offset by international sales gains of $0.9 million as compared to prior fiscal year first nine months. 

Radiation Measurement operating income for the third fiscal quarter of 2013 decreased to $16.1 million, or 22.3 percent, from $21.1 million in the comparable prior year period.  The decrease in operating income was due to reduced Radiation Measurement revenue of $1.3 million, increased IT expenses due to the Company's IT platform enhancement of $5.0 million, additional customer service support of $1.0 million, additional manufacturing and international costs of $0.5 million and $0.2 million of increased R&D costs offset by prior fiscal year first nine months acquisition costs of $2.1 million and prior year IT platform enhancement related costs of $1.0 million.

Medical Physics SegmentMedical Physics revenues for the first nine months of fiscal 2013 decreased $0.1 million from the comparable period in fiscal 2012 to $23.1 million.  The Medical Physics segment operating income was $2.6 million, or 11.3 percent of revenues, as compared to $1.5 million, or 6.5 percent of revenues, in the first nine months of fiscal 2012, due primarily to decreased service costs of $1.2 million. 

Medical Products SegmentMedical Products revenues for the first nine months of fiscal 2013 decreased 31.4 percent, or $3.3 million, from the first nine months of fiscal 2012 to $7.2 million. Medical Products operating loss for the first nine months of fiscal 2013 was $21.6 million as compared to $4.3 million in the first nine months of fiscal 2012.  The decrease in operating income was due to a goodwill impairment charge of $22.7 million and a decline in revenue by $3.3 million.  During the
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SOURCE Landauer, Inc.
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