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Nordion gains on a solid FQ4 earnings beat

  • 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%.
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