Landauer 4Q Profit Misses Wall Street, Outlook Only Marginally Higher


Landauer (NYSE:LDR) slipped lower in morning trade Tuesday after revealing a tepid outlook for 2011 and a worse-than-expected fourth-quarter profit.

The Glenwood, Ill-based company posted fiscal 2010 net income of $23.7 million, or $2.52 a share, compared with $23.4 million, or $2.49 a share, in the same quarter last year.

Continue Reading Below

Full-year revenue for Landauer, which provides of technical and analytical services to determine occupational and environmental radiation exposure, was $114.4 million, up 22% from $93.8 million a year ago.

Quarterly revenue was up about 27% to $29.1 million from $22.9 million in the year-earlier period, ahead of average analyst estimates polled by Thomson Reuters of $26.86 million.

Earnings for the three-month period ended Sept. 30 were $4.56 million, or 48 cents a share, compared with $5.25 million, or 56 cents a share, in the same quarter last year, just missing the Street’s view of 54 cents.

Looking toward the current year, Landauer said it believes its progress in expanding its service offering and execution of strategic initiatives positions the company to deliver “market-leading performance and increase shareholder value.”

However the company noted that healthcare economic challenges and related pricing pressure will most likely impact fiscal 2011 earnings.

Landauer anticipates net income in the range of $24 million to $26 million, with revenue between $120 million and $126 million, only marginally higher than its fiscal 2010 results.

What do you think?

Click the button below to comment on this article.