Landauer, Inc. Reports 2010 Fourth Quarter EPS of $.48

Landauer, Inc. LDR today reported financial results for its fourth quarter and fiscal year ended September 30, 2010.

For the quarter ended September 30, 2010, revenues increased 27 percent to $29.1 million compared with $23.0 million a year ago.  Gross margin for the fiscal fourth quarter increased 8 percent to $16.8 million compared with $15.6 million a year ago.  

The gross margin was 58 percent compared with 68 percent for the fourth fiscal quarter of 2009.  Selling, general and administrative expenses for the quarter increased 10 percent to $8.9 million.  The increase was driven primarily by $2.1 million of increased spending from acquired companies.  Earnings per diluted share for the quarter were $0.48 and $0.56 in fiscal 2010 and 2009, respectively.

 Net income for the latest quarter was $4.6 million compared with $5.3 million in fiscal 2009.  Adjusted EBITDA increased 7 percent to $9.9 million compared with $9.2 million a year ago.  A reconciliation of net income to adjusted EBITDA is included in the attached financial exhibits.