landauer inc (LDR) Key Developments
Landauer Provides Update On Delayed Filing Of Form 10-K And Postponement Of Annual Meeting
Jan 9 15
Landauer, Inc. updated the status of filing its 2014 Form 10-K with the Securities and Exchange Commission (SEC). As a consequence of the delayed 10-K filing the Company is postponing its annual meeting, which was previously scheduled for February 19th, 2015. On January 2, 2015, Landauer, Inc. received a notice from the New York Stock Exchange (NYSE) indicating that the Company is not in compliance with the NYSE’s continued listing requirements under the timely filing criteria outlined in Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Annual Report on Form 10-K for the fiscal year ended September 30, 2014 (Annual Report). This notice is a routine practice under NYSE rules when a listed company does not make a timely filing with the Commission. As previously disclosed by the Company in its Form 12b-25 (Form 12b-25) filed with the Securities and Exchange Commission (SEC) on December 16, 2014, the Company is unable to timely file the Annual Report because the Company needs additional time to complete its accounting and related disclosures and internal control over financial reporting assessments related to errors discovered during the closing process. The Company intends to file the Annual Report upon completion of these matters.
Landauer Inc. Approves Amendments to its Bylaws
Dec 18 14
On December 15, 2014, the Board of Directors of Landauer Inc. approved an amendment to the company's Amended and Restated Bylaws (the Bylaws) to change the election of directors to the Board of Directors from plurality to majority voting for uncontested director elections (the Bylaw Amendment). The Bylaw Amendment was effective immediately upon adoption by the Board of Directors.
Landauer Declares Unchanged Quarterly Dividend, Payable on January 5, 2015
Dec 16 14
Landauer declared an unchanged quarterly dividend of $0.55 per share, payable on January 5 to holders of record on December 26.
Landauer Inc. Reports Preliminary Unaudited Earnings Results for the Fourth Quarter and Year Ended September 30, 2014; Provides Earnings Guidance for the Fiscal 2015; Revises Earnings Guidance for the Fiscal 2014
Dec 16 14
Landauer Inc. reported Preliminary unaudited earnings results for the fourth quarter and year ended September 30, 2014. For the quarter, the company reported revenue of $42.3 million, operating income of $7.7 million, adjusted operating income of $9.7 million, EBITDA of $11.8 million, adjusted EBITDA of $14.4 million.
For the year, the company reported revenue of $155.2 million, operating loss of $39.7 million, adjusted operating income of $26.3 million, LBITDA of $24.6 million, adjusted EBITDA of $43.0 million.
For the fiscal 2015, the company expects revenue to be in the range of $153 million to $163 million, adjusted EBITDA in the range of $41 million to $46 million and adjusted net income in the range of $16 million to $19 million.
For the fiscal 2014, the company expects revenue to be $155 million. This is in line with the company’s previously issued guidance. Adjusted EBITDA are preliminarily estimated to be $43 million. Previously issued guidance for Adjusted EBITDA was $44-46 million.
Landauer Inc. announced delayed annual 10-K filing
Dec 16 14
On 12/16/2014, Landauer Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.