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Radiation monitoring consultant Landauer Inc. said Tuesday that the cost of acquisitions hurt its fourth-quarter profit, but that these transactions also helped improve revenue.

The Glenwood, Ill., company provides services for measuring radiation exposure in hospitals, medical and dental offices, universities, laboratories and nuclear facilities. It recently developed equipment tailored for first responders and the U.S. military, markets it expects to serve increasingly over the coming year.

For the quarter ended Sept. 30, the company earned $4.6 million, or 48 cents per share. That compares with profit of $5.3 million, or 56 cents per share, during the same period last year.

Revenue rose 27 percent to $29.1 million from $23 million.

Analysts surveyed by Thomson Reuters were expecting 54 cents per share on revenue of $26.9 million. Analysts typically do not include one-time items in their estimates.

Laundauer said that while numerous acquisitions boosted its revenue, its expenses rose as a result of buying these companies. Cost of sales for 2010 rose 45 percent to $44.5 million.

The company's full-year earnings rose to $23.7 million, or $2.52 per share. That compares with profit of $23.4 million, or $2.49 per share, for fiscal 2009.

Landauer said if it weren't for $2 million in costs related to the various acquisitions and ensuing reorganization, its year-end profit would have been $25.3 million, or $2.69 per share.

Analysts polled by Thomson Reuters were expecting earnings of $2.71 per share, not counting such one-time items, and revenue of $114.4 million.

During the year, revenue rose 22 percent to $114.4 million from $93.8 million.

Landauer said in a statement that, while its acquisitions will allow it to provide more services, the healthcare sector is likely to suffer from the same economic challenges that it did in 2010, and that the company is likely to face similar pricing pressures.

For 2011, the company forecast net income between $24 million and $26 million. It also expects aggregate revenue between $120 million and $126 million, including between $4 million and $8 million in sales to first responders and the U.S. military.

Analysts polled by Thomson Reuters expect net income of $28.3 million and revenue of $121.4 million

Shares of Landauer fell 33 cents to $67.80 in late morning trading.

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