Layne Christensen (LAYN) Reports Q4 Revenue of $129.6M

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Go back to Layne Christensen (LAYN) Reports Q4 Revenue of $129.6M

Layne Christensen Reports Fiscal 2017 Fourth Quarter And Full Year Results

April 10, 2017 4:31 PM EDT

THE WOODLANDS, Texas, April 10, 2017 /PRNewswire/ -- Layne Christensen Company (NASDAQ: LAYN) ("Layne" or the "Company") today announced financial and operating results for the fiscal 2017 fourth quarter (Q4 FY 2017) and the fiscal year ended January 31, 2017 (FY 2017). On March 21, 2017, Layne previously announced selected and preliminary financial information for Q4 FY 2017.

Q4 FY 2017 Overview

Consolidated revenues declined 19% to $129.6 million in Q4 FY 2017 from $159.2 million in the fiscal 2016 fourth quarter (Q4 FY 2016) due to reduced Water Resources drilling activity in the western U.S., lower levels of subcontracted... More