Layne Christensen (LAYN) Misses Q3 EPS by 7c, Comments on Outlook

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Go back to Layne Christensen (LAYN) Misses Q3 EPS by 7c, Comments on Outlook

Layne Christensen Reports Third Quarter Fiscal 2016 Financial Results

December 9, 2015 5:41 PM EST

THE WOODLANDS, Texas, Dec. 9, 2015 /PRNewswire/ -- Layne Christensen Company (NASDAQ: LAYN) ("Layne" or the "Company") today announced financial and operating results for the fiscal 2016 third quarter ended October 31, 2015 (Q3 FY 2016).

Two items affect the presentation of financial results for the quarter.  First, Layne realigned its operating structure by combining the Energy Services segment with the Water Resources segment.  This realignment is expected to increase efficiencies both in terms of asset management and operations.  All financial information has been recast to reflect this realignment. Further, on August 17, 2015, Layne closed the sale of its... More