Last $7.13 USD
Change Today -0.28 / -3.78%
Volume 41.6K
LAYN On Other Exchanges
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As of 10:44 AM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

layne christensen company (LAYN) Snapshot

Open
$7.38
Previous Close
$7.41
Day High
$7.38
Day Low
$6.99
52 Week High
04/3/14 - $18.92
52 Week Low
10/24/14 - $5.90
Market Cap
140.7M
Average Volume 10 Days
226.7K
EPS TTM
$-3.61
Shares Outstanding
19.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LAYNE CHRISTENSEN COMPANY (LAYN)

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layne christensen company (LAYN) Details

Layne Christensen Company provides water management, construction, and drilling services in North America and internationally. Its Water Resources division offers water-related products and services, including hydrologic design and construction; source of supply exploration; well and intake construction; and well and pump rehabilitation services. This division also offers water treatment equipment engineering services, providing systems for the treatment of regulated and nuisance contaminants. The company’s Inliner division provides process, sanitary, and storm water rehabilitation solutions, as well as other rehabilitative methods, such as Janssen structural renewal for service lateral connections and mainlines, slip lining, traditional excavation and replacement, U-Liner high-density polyethylene fold, and form and manhole renewal. Its Heavy Civil division offers design and construction of water and wastewater treatment plants and pipeline installation solutions; builds radial collector wells, surface water intakes, pumping stations, hard rock tunnels, and marine construction services; and designs and constructs biogas facilities. The company’s Geoconstruction division provides geotechnical foundation construction services; underground construction projects; foundation system services; and jet grouting, structural diaphragm and slurry cutoff walls, cement and chemical grouting, drilled piles, ground improvement, and earth retention services. Its Mineral Services division conducts aboveground drilling activities comprising core drilling, reverse circulation, dual tube, hammer, and rotary air-blast methods; and exploratory and definition drilling services. The company’s Energy Services division provides closed loop water management solutions to energy companies that are involved in hydraulic fracturing. Layne Christensen Company was founded in 1981 and is headquartered in The Woodlands, Texas.

4,100 Employees
Last Reported Date: 05/1/14
Founded in 1981

layne christensen company (LAYN) Top Compensated Officers

President of Reynolds Inliner LLC
Total Annual Compensation: $257.2K
Senior Vice President of International Operat...
Total Annual Compensation: $311.5K
Senior Vice President of Operations - U.S.
Total Annual Compensation: $311.5K
Senior Vice President of Human Resources, Gen...
Total Annual Compensation: $376.2K
Compensation as of Fiscal Year 2014.

layne christensen company (LAYN) Key Developments

Layne Christensen Co. Agrees to Pay About $5.1 Million to Settle Civil Charges of Bribing Government Officials in Africa

Layne Christensen Co. has agreed to pay about $5.1 million to settle civil charges of bribing government officials in Africa in exchange for favorable tax treatment, customs clearance and other improper benefits. The Securities and Exchange Commission announced the settlement with the water management and construction company for the alleged misconduct from 2005 to 2010. Layne Christensen, based in The Woodlands, Texas, neither admitted nor denied wrongdoing. The company agreed to report to the SEC on its progress toward improving compliance.

Layne Christensen Company Pays $5.1 Million in Bribes Accord

Layne Christensen Co. has agreed to pay about $5.1 million to settle civil charges of bribing government officials in Africa in exchange for favorable tax treatment, customs clearance and other improper benefits. The Securities and Exchange Commission announced the settlement with the company for the alleged misconduct from 2005 to 2010. The company, based in The Woodlands, Texas, neither admitted nor denied wrongdoing. The company agreed to report to the SEC on its progress toward improving compliance. Layne reported the violations to the SEC and cooperated with the investigation, and already has started an effort to correct problems. The SEC said Layne received about $3.9 million in improper benefits from the bribes, including some $3.2 million in tax savings. The SEC said the company paid nearly $800,000 to officials in Mali, Guinea and the Democratic Republic of Congo to reduce its tax liability; about $23,000 in cash to police, border patrol agents, immigration officials and labor inspectors in Burkina Faso, Guinea, Tanzania and the Democratic Republic of Congo to move employees and equipment across borders and obtain work permits; and other payments to customs officials in Burkina Faso and the Democratic Republic of Congo. Layne is paying a $375,000 penalty and $3,893,472 in restitution plus $858,720 in interest.

Layne Christensen Company Provides Earnings Guidance for the Third Quarter of 2014

Layne Christensen Company provided sales guidance for the third quarter of 2014. The company announced that third quarter sales should be between $210 million and $215 million. Net loss from continuing operations is expected between $0.55 to $0.60 per share. Estimates, usually less items, are for a loss of $0.26 per share.

 

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