Landauer rises after meeting Q4 expectations
Landauer, Inc. (NYSE: LDR) shares are up slightly after the provider of environmental analytical services met analyst’s fourth-quarter expectations. For the three months ended Sept. 30, the Glenwood, Ill.-based company posted revenue of $21.3 million, from $20.2 million a year earlier. The firm recorded a quarterly profit of $4.6 million, or $0.50 per share, compared with $4.7 million, or $0.51 per share, during the year-ago period. Wall Street analysts projected earnings of $0.49 per share on $21.13 million in revenue.
"We are proud of the important strides taken this year to optimize our core business, while fostering both competitive growth and strategic expansion," CEO Bill Saxelby said in a statement. “Our strategic accomplishments during the fiscal year are demonstrated by our financial results, which included record revenues and significant improvements in our gross margin and gross profit. This enabled us to initiate some key investments that are critical to our long-term success."
Going forward, Landauer expects net income growth in the range of 6% to 8% during fiscal 2008, excluding asset impairment and accelerated depreciation charges. Revenue for the 12 months is expected to grow between 4% and 5%.
In morning trading, LDR shares are up 0.42%, or $0.21, at $50.13. Over the last 52 weeks, shares have ranged form $45.50 to $54.46.
