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Layne Christensen Co (LAYN.OQ)

LAYN.OQ on NASDAQ Stock Exchange Global Select Market

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24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Layne Christensen sees Q4 2017 revenue $127 mln to $131 mln
Monday, 20 Mar 2017 05:19pm EDT 

Layne Christensen Co : Layne Christensen provides preliminary fiscal 2017 fourth quarter results . Sees Q4 2017 revenue $127 million to $131 million . Layne Christensen Co - Expects to report fiscal 2017 Q4 net loss from continuing operations before income taxes of between $33 million and $35 million . Layne Christensen Co says expects to report adjusted EBITDA for its fiscal 2017 Q4 of between negative $7 million and negative $9 million .Layne Christensen Co - Management continues to expect that heavy civil transaction will close in approximately 50 days.  Full Article

Layne Christensen Q3 loss per share $0.26 from continuing operations
Thursday, 8 Dec 2016 05:05pm EST 

Layne Christensen Co : Says total backlog was $244.1 million at october 31, 2016 compared to $386.4 million at october 31, 2015 . Layne christensen reports fiscal 2017 third quarter results . Q3 loss per share $0.26 from continuing operations . Q3 revenue $153.6 million versus i/b/e/s view $166.9 million .Q3 earnings per share view $-0.20 -- Thomson Reuters I/B/E/S.  Full Article

Layne Christensen Q2 loss per share $0.26 from continuing operations
Tuesday, 6 Sep 2016 05:44pm EDT 

Layne Christensen Co : Q2 loss per share $0.26 from continuing operations . Q2 earnings per share view $-0.20 -- Thomson Reuters I/B/E/S . Q2 revenue $159 million versus I/B/E/S view $164.2 million .Says total backlog was $286.6 million at July 31, 2016 compared to $316.1 million at April 30, 2016.  Full Article

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

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BRIEF-Layne Christensen sees Q4 2017 revenue $127 mln to $131 mln

* Layne Christensen provides preliminary fiscal 2017 fourth quarter results