Edition:
United States

Profile: Layne Christensen Co (LAYN.OQ)

LAYN.OQ on NASDAQ Stock Exchange Global Select Market

8.09USD
23 Sep 2016
Change (% chg)

$-0.27 (-3.23%)
Prev Close
$8.36
Open
$8.40
Day's High
$8.68
Day's Low
$8.05
Volume
42,426
Avg. Vol
51,233
52-wk High
$9.54
52-wk Low
$3.75

Layne Christensen Company (Layne), incorporated on May 19, 1981, is a global water management, construction and drilling company. The Company provides water, mineral and energy solutions. The Company operates through four segments: Water Resources, Inliner, Heavy Civil and Mineral Services. Layne provides construction solutions for the management of water in various industries and environments. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. Layne serves customers, such as government agencies, investor-owned utilities, industrial companies, global mining companies, consulting engineering firms, heavy civil construction contractors, oil and gas companies, power companies and agribusiness.

Water Resources

The Company's Water Resources segment provides its customers with solutions for various aspects of water supply system development and technology throughout the United States. The Company provides a suite of water-related products and services, including hydrologic design and construction, source of supply exploration, well and intake construction, and well and pump rehabilitation. The Company also offers water treatment equipment engineering services, providing systems for the treatment of regulated and nuisance contaminants, specifically iron, manganese, hydrogen sulfide, arsenic, radium, nitrate, perchlorate and volatile organic compounds.

The Company offers diagnostic and rehabilitation services for existing wells, pumps and related equipment with a network of local offices throughout its geographic markets. The Company also does repair, in its own machine shops, water well pumps, regardless of manufacturer, as well as repairs well screens, casings and related equipment, such as chlorinators, aerators and filtration systems. Water Resources also offers investigative services to assist in assessing, monitoring and characterizing water quality and aquifer parameters.

The Company assists the customer in determining the extent of groundwater contamination, installation of recovery wells that extract contaminated groundwater for treatment, which is known as pump and treat remediation, and specialized site safety programs associated with drilling at contaminated sites. Water Resources provides water management solutions to the oil and natural gas industry's exploration and production (E&P) water related challenges. Its water management services for the energy market specialize in hydrogeological assessments and sourcing, transfer and storage and treatment.

Inliner

The Company's Inliner segment is a service rehabilitation company offering a range of solutions for wastewater, storm water and process sewer pipeline networks. The Inliner cured-in-place pipe (CIPP) product allows rehabilitating aging and deteriorated infrastructure and provides structural rebuilding, as well as infiltration and inflow reduction. The Company owns and operates Inliner Technologies and Liner Products, a technology company and lining tube manufacturer. Inliner supplies both traditional felt-based CIPP lining tubes cured with water or steam, as well as fiberglass-based lining tubes cured with ultraviolet light. Inliner also provides a range of other rehabilitative methods, including Janssen structural renewal for service lateral connections and mainlines, slip lining, traditional excavation and replacement, and manhole renewal with cementitious and epoxy products.

Heavy Civil

The Company's Heavy Civil segment delivers solutions to government agencies and industrial clients by overseeing the design and construction of water and wastewater treatment plants and pipeline installation. In addition, Heavy Civil forms radial collector wells (Ranney Method), surface water intakes, pumping stations, hard rock tunnels and marine construction services. Beyond water solutions, Heavy Civil also designs and constructs biogas facilities (anaerobic digesters) for the purpose of generating and capturing methane gas. The Ranney method specializes in the design and construction of high capacity water supply systems, including radial collector wells, surface water intakes, infiltration galleries, riverbank filtration and sea water systems. Heavy Civil, a water treatment plant group, specializes in new facility construction, expansions and modifications. Heavy Civil is engaged in the construction of municipal and industrial plants using the process technologies, including reverse osmosis membrane, nanofiltration, ultra-violet and ozone disinfection, regeneration services and air stripper repacking.

Heavy Civil constructs pipeline systems that handle the discharge end of the product, including collection systems, interceptor sewers and force main. Heavy Civil also develops special piping needs for process piping and cooling systems. Heavy Civil installs deep, large diameter piping in rock or other difficult soil conditions. It designs and installs support systems and provides tunneling and marine installation. Heavy Civil's anaerobic digestion technologies convert various organic waste streams, such as food solids, livestock manure, and municipal wastewater into biogas.

Mineral Services

Global mining and junior mining companies hire the Company's Mineral Services segment to extract rock and soil samples from their sites that they analyze for mineral content and grade before extracting these minerals. Mineral Services conducts ground drilling activities, including all phases of core drilling, reverse circulation, dual tube, hammer and rotary air-blast methods. Its service offerings include both exploratory and definition drilling. Mineral Services provides information to its clients that assist them in determining if a minable mineral deposit exists on a site, the economic viability of mining the site, the geological properties of the ground and mine planning.

Mineral Services manages interests in the foreign affiliates through regular management meetings and analysis of operating and financial information. The foreign affiliates are engaged in similar operations to Mineral Services, in addition to the manufacture and supply of drilling equipment, parts and supplies. The affiliates operate primarily in Latin America. Mineral Services customers are gold and copper producers, and other base metal producers.

The Company competes with Aegion Corporation, Boart Longyear, Major Drilling Group International Inc. and Foraco International S.A.

Company Address

Layne Christensen Co

1800 Hughes Landing Blvd Ste 700
THE WOODLANDS   TX   77380-1685
P: +1281.4752600
F: +1281.4752733

Company Web Links