(RTTNews) - Landauer Inc.(LDR: News ), an analytical services provider to determine occupational and environmental radiation exposure, Tuesday reported a marginal decline in earnings for the fourth quarter, which nonetheless met analysts' estimates. The company also provided an outlook for fiscal 2010. Landauer shares are currently trading up more than 5% on the New York Stock Exchange.

Net income for the quarter edged down to $5.25 million or $0.56 per share from $5.48 million or $0.59 per share last year.

On an average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.56 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues increased 2% to $22.97 million from $22.50 million a year ago. Three analysts estimated revenues of $22.73 million for the quarter.

Selling, general and administrative expenses increased 12% to $8.10 million from $7.26 million a year earlier, driven by $0.3 million of incremental professional fees related primarily to international patent and trademark activities, and $0.3 million increased spending for the company's information systems initiative. Landauer recorded reorganization charges of $73 thousand for the quarter.
For the full year, net income increased to $23.37 million or $2.49 per share from $22.98 million or $2.47 million in the previous year. Yearly net revenues were $93.83 million, higher than $89.95 million in the comparable period. Analysts expected earnings of $2.69 per share on revenues of 93.59 million for the full year.

Looking ahead to fiscal 2010, Landauer anticipates net income will increase in a range of 4% to 8%, excluding the impact of transaction related fees in fiscal 2010 and the fiscal 2009 after tax impact of pension curtailment and management reorganization charges of $1.8 million.

The company expects aggregate revenue growth for fiscal 2010 to be in the range of 25% to 30%, with the recently completed acquisitions contributing 20% to 23% of the growth. Landauer plan spending $2.5 million to $3.5 million in fiscal 2010 to support the successful completion of its systems initiative and the related post implementation support.

LDR is currently trading at $59.90 per share, up 5.31%, on the New York Stock Exchange.

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by RTT Staff Writer

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