GLENWOOD, Ill., Dec. 14, 2015 /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 2015 fourth quarter and full year ended September 30, 2015.
Fiscal 2015 Highlights
- Revenue of $151.3 million, a 2.4% decrease compared to fiscal 2014
- Domestic Radiation Measurement services revenues grew 2.4% year-over-year
- Medical Physics revenues grew 9.9% year-over-year
- Excluding the $5.3 million unfavorable impact of foreign currency exchange rates, revenues increased 1.0%
- Operating income of $23.7 million, compared to an operating loss of $40.0 million in the prior year
- Adjusted operating income decreased $0.7 million compared to fiscal 2014
- Excluding the $1.3 million unfavorable net impact of foreign currency exchange rates, adjusted operating income increased $0.6 million
- Net income of $14.5 million, compared to a net loss of $25.2 million in the prior year
- Adjusted net income of $17.0 million increased $0.7 million compared to fiscal 2014
- Adjusted EBITDA of $40.6 million, a decrease of 8.7% year-over-year
- Successfully executed divestiture of Radon business
- Company issues Fiscal 2016 guidance
Mike Kaminski, President and Chief Executive Officer of Landauer stated, “We are pleased with our fiscal 2015 financial results, which were in line with our expectations and reflect the strong demand for our solutions. As we enter 2016, we believe we have the right plan in place to leverage Landauer’s unique market position and execute on significant growth opportunities in our core product platform. We expect the growth in imaging physics to continue in fiscal 2016, and we are anticipating strong demand for our new informatics solutions.”
Fourth Quarter Financial Overview
Revenues for the fourth fiscal quarter of 2015 were $40.2 million, a 4.3% decrease compared to revenues of $42.0 million for the fourth quarter of fiscal 2014.
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