Layne Christensen (LAYN) Misses Q2 EPS by 6c

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Go back to Layne Christensen (LAYN) Misses Q2 EPS by 6c

Layne Christensen Reports Second Quarter Fiscal 2017 Results

September 6, 2016 5:45 PM EDT

THE WOODLANDS, Texas, Sept. 6, 2016 /PRNewswire/ -- Layne Christensen Company (NASDAQ: LAYN) ("Layne" or the "Company") today announced financial and operating results for the fiscal 2017 second quarter (Q2 FY 2017) ended July 31, 2016.

Q2 FY2017 Financial Highlights

Reported net loss from continuing operations for Q2 FY 2017 was ($5.3) million, or ($0.26) per share, compared to ($23.5) million, or ($1.19) per share, for Q2 FY 2016. Included in Q2 FY 2017 results were $1.0 million in restructuring costs, or $(0.05) per share, primarily related to Water Resources and Heavy Civil. Q2 FY 2016 results included $16.5 million in costs, or... More