Landauer Reports Fiscal 2016 First Quarter Results
GLENWOOD, Ill., Feb. 9, 2016 /PRNewswire/ -- Landauer, Inc. (NYSE: LDR), a recognized leader in personal and environmental radiation measurement and monitoring, outsourced medical physics services and high quality medical consumable accessories, today reported financial results for its fiscal 2016 first quarter ended December 31, 2015.
Fiscal 2016 First Quarter Highlights
Revenue of $36.5 million compared to $37.5 million in the first quarter of 2015
Domestic Radiation Measurement services revenues increased 2.8% year-over-year
Medical Physics revenues grew 10.6% year-over-year
$1.6 million reduction in revenue related to divestiture of Radon business
$1.2 million unfavorable impact from foreign currency
Revenues grew 5.2%, excluding the unfavorable impact of foreign currency and the divested Radon business
Operating income of $6.2 million, a 1.6% increase compared to the first quarter of 2015
Consolidated operating income margin improved to 17.1% from 16.4% in the first quarter of 2015 driven by a decrease in selling, general and administrative expenses
Net income of $3.6 million compared to $4.4 million in the first quarter of 2015
Adjusted net income of $4.1 million on track with full-year guidance
On a GAAP basis, earnings per diluted share of $0.38
Fiscal 2016 First Quarter Highlights
Revenue of $36.5 million compared to $37.5 million in the first quarter of 2015
Domestic Radiation Measurement services revenues increased 2.8% year-over-year
Medical Physics revenues grew 10.6% year-over-year
$1.6 million reduction in revenue related to divestiture of Radon business
$1.2 million unfavorable impact from foreign currency
Revenues grew 5.2%, excluding the unfavorable impact of foreign currency and the divested Radon business
Operating income of $6.2 million, a 1.6% increase compared to the first quarter of 2015
Consolidated operating income margin improved to 17.1% from 16.4% in the first quarter of 2015 driven by a decrease in selling, general and administrative expenses
Net income of $3.6 million compared to $4.4 million in the first quarter of 2015
Adjusted net income of $4.1 million on track with full-year guidance
On a GAAP basis, earnings per diluted share of $0.38