The company has not filed an annual or quarterly report since its Q1 FY2019 10-Q, filed Jun 5, 2018. Its latest SEC filing is a SC 13G/A from Feb 14, 2019.
10-Q for Q1 FY2019, filed Jun 5, 2018
The sections below describe the company as of the FY2018 annual report.
Provides water and sewer infrastructure services, drilling and mineral sampling to government agencies and municipalities, industrial and energy companies, and mining companies.
10-K for FY2018, filed Apr 10, 2018Layne Christensen Company (“Layne”, “our”, “we” or “us”) is a leading global water management and services and drilling company, with more…View ↗
We manage for our customers, water and related infrastructure throughout its lifecycle, including supply, treatment, delivery, maintenance…View ↗
Inliner is an infrastructure solutions provider offering a wide range of rehabilitation techniques and services for wastewater, storm water…View ↗
Before investing heavily in development to extract minerals, global mining and junior mining companies hire companies such as Mineral…View ↗
Customers pay Layne for drilling and infrastructure projects. For long jobs, revenue is counted as work progresses; shorter jobs count when customers accept the completed work, while separately sold equipment counts on delivery and acceptance.
10-K for FY2018, filed Apr 10, 2018Revenue Recognition – Revenues are recognized on large, long-term drilling and infrastructure services contracts meeting the criteria of…View ↗
As allowed by ASC Topic 605-35, revenue is recognized on smaller, short-term drilling and infrastructure services contracts using the…View ↗
Revenues for direct sales of equipment and other ancillary products not provided in conjunction with the performance of drilling and…View ↗
$475.5M
10-K for FY2018, filed Apr 10, 2018
$475.5M ↗
Government agencies and municipalities hire Layne for water and sewer work; industrial and energy businesses, utilities, and mining companies also buy its services. Public water-well and municipal sewer projects are generally competitively bid, while some industrial work is negotiated.
10-K for FY2018, filed Apr 10, 2018In Water Resources, our customers are typically government agencies, national and regional consulting firms engaged by federal and state…View ↗
The U.S. water well drilling and rehabilitation markets are highly fragmented, consisting of several thousand regional and local…View ↗
Inliner’s primary customer base is comprised of municipalities, operating groups of municipal systems and local operations of industrial…View ↗
The U.S. competitive landscape remains fragmented with a limited number of CIPP providers able to provide nationwide coverage. Numerous…View ↗
Mineral Services customers are major gold and copper producers and to a lesser extent, other base metal producers including iron ore.…View ↗
Mineral Services competes with a number of drilling companies, as well as vertically integrated mining companies that conduct their own…View ↗
No. It lost $27.3M in FY2018.
10-K for FY2018, filed Apr 10, 2018
10-K for FY2018, filed Apr 10, 2018
$26.3MView ↗
10-K for FY2018, filed Apr 10, 2018
−$27.3MView ↗
10-K for FY2018, filed Apr 10, 2018
−$42.9MView ↗
10-Q for Q1 FY2019, filed Jun 5, 2018
$2.7MView ↗
8-K, filed Jun 14, 2018
On June 14, 2018, the Company and Granite consummated the Merger, pursuant to the Agreement and Plan of Merger, dated February 13, 2018…View ↗
Shrank. Revenue fell 38% in 4 years, from $772.1M in FY2014 to $475.5M in FY2018, about 11% a year.
Exited Heavy Civil
The older report describes Heavy Civil designing and building water infrastructure, tunnels, and biogas facilities; the latest report says Layne sold the business and excludes it from continuing operations.
10-K for FY2015, filed Apr 14, 2015 10-K for FY2018, filed Apr 10, 2018
Expanded into water delivery infrastructure
The older report describes turnkey drilling for water management and lists Energy Services separately; the latest report describes Water Midstream within Water Resources, supplying energy producers through pipeline and storage infrastructure.
10-K for FY2015, filed Apr 14, 2015 10-K for FY2018, filed Apr 10, 2018
Competes with Insituform and Aegion
10-K for FY2015, filed Apr 14, 2015The CIPP industry has a small number of contractors with nationwide coverage, the largest being Insituform, a subsidiary of Aegion…View ↗
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