GLENWOOD, Ill., Feb. 9, 2015 /PRNewswire/ -- Landauer,
Inc. (NYSE: LDR), a recognized leader in personal and
environmental radiation measurement and monitoring, outsourced
medical physics services and medical consumable accessories, today
reported that it is affirming the guidance issued for its fiscal
year 2015 and that it has filed for an extension to file its fiscal
first quarter 2015 Form 10-Q.
Fiscal 2015 Financial Guidance
- Revenue anticipated in the range of $153
million to $163 million
- Adjusted EBITDA anticipated in the range of $41 million to $46 million
- Adjusted Net Income anticipated in the range of $16 million to $19 million
Mike Leatherman, President and
CEO stated, "The need for an extension to file our first quarter
Form 10-Q is due solely to the impact of the delayed year-end Form
10-K filing. It is important to clarify that there are no
additional financial reporting issues expected at this time in the
first quarter. We expect to file our first quarter results during
the first week of March 2015. We will
be announcing the actual filing date later this month, and expect
to return to a normal reporting cycle for our fiscal second
quarter. We look forward to providing a detailed overview of our
results and strategic progress on the first quarter 2015 call next
month."
About Landauer
Landauer is a leading global provider of technical and
analytical services to determine occupational and environmental
radiation exposure, the leading domestic provider of outsourced
medical physics services, as well as a provider of high quality
medical accessories used in radiology, radiation therapy, and image
guided surgery procedures. For more than 50 years, the
Company has provided complete radiation dosimetry services to
hospitals, medical and dental offices, universities, national
laboratories, nuclear facilities and other industries in which
radiation poses a potential threat to employees. Landauer's
services include the manufacture of various types of radiation
detection monitors, the distribution and collection of the monitors
to and from customers, and the analysis and reporting of exposure
findings. The Company provides its dosimetry services to
approximately 1.8 million individuals globally. In addition,
through its Medical Physics segment, the Company provides
therapeutic and imaging physics services to the medical physics
community. Through its Medical Products segment, the Company
provides medical consumable accessories used in radiology,
radiation therapy, and image guided surgery procedures. For
information about Landauer, please visit their website at
http://www.landauer.com.
Safe Harbor Statement
Some of the information shared here (including, in particular,
the section titled "Fiscal 2015 Financial Guidance") constitutes
forward-looking statements that are based on assumptions and
involve certain risks and uncertainties. These include the
following, without limitation: assumptions, risks and uncertainties
associated with the Company's future performance, the Company's
development and introduction of new technologies in general; the
ability to protect and utilize the Company's intellectual property;
events or circumstances which result in an impairment of assets,
including but not limited to, goodwill and identifiable intangible
assets; continued customer acceptance of the InLight technology;
the adaptability of optically stimulated luminescence (OSL)
technology to new platforms and formats; military and other
government funding for the purchase of certain of the Company's
equipment and services; the impact on sales and pricing of certain
customer group purchasing arrangements; changes in spending or
reimbursement for medical products or services; the costs
associated with the Company's research and business development
efforts; the usefulness of older technologies and related licenses
and intellectual property; the effectiveness of and costs
associated with the Company's IT platform enhancements; the
anticipated results of operations of the Company and its
subsidiaries or ventures; valuation of the Company's long-lived
assets or business units relative to future cash flows; changes in
pricing of products and services; changes in postal and delivery
practices; the Company's business plans; anticipated revenue and
cost growth; the ability to integrate the operations of acquired
businesses and to realize the expected benefits of acquisitions;
the risks associated with conducting business internationally;
costs incurred for potential acquisitions or similar transactions;
other anticipated financial events; the effects of changing
economic and competitive conditions, including instability in
capital markets which could impact availability of short and
long-term financing; the timing and extent of changes in interest
rates; the level of borrowings; foreign exchange rates; government
regulations; accreditation requirements; changes in the trading
market that affect the costs of obligations under the Company's
benefit plans; and pending accounting pronouncements. These
assumptions may not materialize to the extent assumed, and risks
and uncertainties may cause actual results to be different from
what is anticipated today. These risks and uncertainties also
may result in changes to the Company's business plans and
prospects, and could create the need from time to time to write
down the value of assets or otherwise cause the Company to incur
unanticipated expenses. Additional information may be
obtained by reviewing the information set forth in Item 1A "Risk
Factors" and Item 7A "Quantitative and Qualitative Disclosures
about Market Risk" and information contained in the Company's
Annual Report on Form 10-K for the year ended
September 30, 2014 and other reports filed by the Company,
from time to time, with the Securities and Exchange
Commission. Forward-looking statements included in this
release speak only as of the date hereof. The Company does
not undertake, and expressly disclaims, any duty to update any
forward-looking statement whether as a result of new information,
future events or changes in the Company's expectations, except as
required by law.
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SOURCE Landauer, Inc.