Layne Christensen Co (LAYN) Posts Q4 Loss of 59c/Share

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Go back to Layne Christensen Co (LAYN) Posts Q4 Loss of 59c/Share

Layne Christensen Reports Fourth Quarter and Fiscal 2014 Financial Results

May 1, 2014 7:34 PM EDT

Q4 FY 2014 Overview

Revenues of $184.4 million compared to $228.1 million in Q4 FY 2013. Profits at Inliner and Geoconstruction offset by losses at Heavy Civil, Mineral Services, and Water Resources. Geoconstruction backlog rose to $118.0 million at January 31, 2014 from $41.5 million at January 31, 2013; Geoconstruction announced $50 million of new contracts in Q1 FY 2015. Net loss from continuing operations of ($14.3) million, or ($0.73) per share. As of January 31, 2014, cash and cash equivalents were $35.0 million, long-term debt, excluding current maturities, was $108.3 million, and equity was $289.5 million.  ... More