Nordion gains on a solid FQ4 earnings beat

|About: Nordion Inc. (NDZ)|By:, SA News Editor

Nordion (NDZ +1.8%) gains after posting a solid FQ4 earnings beat this morning.

Net profit surged, thanks to the sale of one of its business units. In July the company sold its targeted-therapies unit to BTG PLC for $190M, resulting in a gain of about $182M.

Total revenue grew by 6.8% Y/Y, while gross margin was flat at 55%.

Medical-isotopes segment sales +9% Y/Y.

Sterilization-technologies sales +14%.