United States

Layne Christensen Co (LAYN.OQ)

LAYN.OQ on NASDAQ Stock Exchange Global Select Market

26 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Layne Christensen reports Q1 loss $0.45/shr from continuing operations
Monday, 6 Jun 2016 05:54pm EDT 

Layne Christensen Co : Layne Christensen Reports first quarter fiscal 2017 results . Q1 loss per share $0.45 from continuing operations . Q1 earnings per share view $-0.31 -- Thomson Reuters I/B/E/S . Q1 revenue $159.7 million versus I/B/E/S view $160.2 million . Total backlog was $316.1 million at April 30, 2016 compared to $346.3 million at January 31, 2016 . Expect Layne to be profitable in fiscal year 2018 . Expect overall financial performance in fiscal 2017 to show improvement over last fiscal year .Expect Layne to be profitable in fiscal year 2018.  Full Article

Layne Christensen Co and Sumitomo Electric Industries expands supply agreement
Thursday, 4 Feb 2016 07:00am EST 

Layne Christensen Co:Layne Christensen and sumitomo electric industries expands supply agreement of Poreflon(TM) microfiltration membrane modules.Says amendment provides Layne with exclusive rights to the municipal waste water treatment market.  Full Article

Layne Christensen Co won contracts of about $90 mln during Q2
Tuesday, 4 Aug 2015 07:00am EDT 

Layne Christensen Co:Number of "significant new contracts" signed during fiscal second quarter with aggregate value of about $90 mln.  Full Article

Layne Christensen Co appoints J. Michael Anderson as CFO
Tuesday, 7 Jul 2015 05:00pm EDT 

Layne Christensen Co:Appoints J. Michael Anderson as chief financial officer.Says appointment of J. Michael Anderson as chief financial officer, effective July 20, 2015.Says Anderson will succeed andrew Atchison.Says Atchison will continue to support Layne through the leadership transition.Says Anderson joins Layne from Southcross Energy Partners L.P.Says Atchison has agreed to serve as a consultant to support corporate initiatives.Board approved an award to Anderson of a stock option to purchase 10,000 shares of the company's common stock.  Full Article

Layne Christensen Co announces definitive agreement to sell Geoconstruction Business
Wednesday, 20 May 2015 06:00pm EDT 

Layne Christensen Co:Signs definitive agreement to sell its Geoconstruction business segment to a subsidiary of Keller Foundations, LLC, a member of Keller Group plc.Transaction is expected to close in next 45 days.Purchase price for Geoconstruction business segment will be about $34.5 million, plus value of business segment's working capital at closing, estimated to be $5 million.Says about $2.5 million of purchase price will be held in escrow at closing.In addition, Layne will share in profit or loss for one of contracts being assumed by Keller, which could increase purchase price by up to $5 million, or decrease it by up to $1.5 million.Says expects to use net proceeds from sale for general corporate purposes and to pursue selective growth opportunities in its core businesses.  Full Article

Layne Christensen announces new contracts valued at about $110 mln
Monday, 30 Mar 2015 08:00am EDT 

Layne Christensen Co:Announced a number of significant new contracts signed within the last 90 days with an aggregate value of about $110 million.Contracts were awarded to Layne's Geoconstruction, Inliner, Heavy Civil, Water Resources, and Mineral Services divisions.Says the majority of these projects are expected to be completed during the current fiscal year.  Full Article

Layne Christensen Co lowers Q4 2015 guidance
Monday, 2 Mar 2015 04:01pm EST 

Layne Christensen Co:Expects to report net loss from continuing operations for Q4 2015 of between $22.0 million and $25.0 million, or a $1.10 to $1.25 loss per diluted share.Q4 2015 net income of $(11.9) million and EPS of $(0.61) - Thomson Reuters I/B/E/S.  Full Article

Layne Christensen Co prices $100 million aggregate principal amount of senior secured second lien convertible notes
Wednesday, 4 Feb 2015 09:15pm EST 

Layne Christensen Co:Says that it has priced its issuance of about $100 million aggregate principal amount of 8.00 pct. Senior Secured Second Lien Convertible Notes.The notes will be issued to certain of the existing holders of the Company's 4.25 pct. Convertible Senior Notes due 2018 who have agreed to exchange $55.5 million of their existing convertible notes for about $49.9 million of the notes.and to purchase about $49.9 million aggregate principal amount of additional notes for cash.The company estimates that the net cash proceeds from the sale of the notes, after deducting placement agency discounts and commissions, estimated offering expenses payable by the company and accrued interest on the existing convertible notes being exchanged, will equal about $45.1 million.The company intends to use the net cash proceeds to repay amounts outstanding under its existing asset-based credit agreement (without reducing the commitments) and for general corporate purposes.  Full Article

Layne Christensen Co names Michael J. Caliel President and Chief Executive Officer
Wednesday, 10 Dec 2014 07:01am EST 

Layne Christensen Co:Says appointment of Michael J. Caliel as President and Chief Executive Officer, and Member of the Board of Directors, effective Jan. 2, 2015.Michael will succeed Brown who assumed the role of CEO on an interim basis in June 2014.Brown will continue to serve as Chairman of the Board.  Full Article

Layne Christensen Co gives Q4 2015 guidance below analysts' estimates
Wednesday, 10 Dec 2014 07:00am EST 

Layne Christensen Co:Expects Q4 2015 net loss of between $12.0 and $12.5 mln, which equates to a $0.60 to $0.65 loss per diluted share.Q4 2015 net income of $(5.47) million and EPS of $(0.39) - Thomson Reuters I/B/E/S.  Full Article