Corporate Profile for Layne Christensen Company, dated Feb. 12, 1999.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Feb. 12, 1999
Company Name: Layne Christensen Company
Address: 1900 Shawnee Mission Parkway
Mission Woods, Kan. 66205
Main Telephone
Number: 913/362-0510
Internet Home
Page Address
(URL): www.laynechristensen.com
Chief Executive
Officer: Andrew B. Schmitt
Chief Financial
Officer: Jerry W. Fanska
Investor Relations
Contact: Jerry W. Fanska
Business number: 913/677-6858
Public Relations
Contact: Jerry W. Fanska
Business number: 913/677-6858
Trading Symbol/
Exchange: LAYN/NASDAQ
Industry: Drilling services & manufacture of related products
for water supply, mineral exploration, geotechnical
construction and environmental.
Market Makers: G.K. Baum; Piper Jaffray; Warburg, Dillon, Read
Company description: Layne Layne is a surname, and may refer to:
the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time company has provided water well and mineral exploration drilling services through its predecessor companies -- and today ranks as the largest provider of water well drilling Well drilling is the process of drilling a hole in the ground for the extraction of a natural resource such as ground water, natural gas, or petroleum. Drilling for the exploration of the nature of the material underground (for instance in search of metallic ore) is best described , well maintenance and environmental drilling services in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Globally, the company is among the world's largest providers of water well drilling, mineral exploration and a leader in diamond drill bit technology. Layne Christensen's customers include municipalities, industrial companies, mining companies and environmental consulting Environmental consulting is often a form of compliance consulting, in which the consultant ensures that the client maintains an appropriate measure of compliance with environmental regulations. and engineering firms, primarily in the United States, Canada, Mexico, South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Australia, Asia and Africa. Layne Christensen has accumulated ac·cu·mu·late v. ac·cu·mu·lat·ed, ac·cu·mu·lat·ing, ac·cu·mu·lates v.tr. To gather or pile up; amass. See Synonyms at gather. v.intr. To mount up; increase. the drilling expertise, financial resources, equipment and project management skills to conduct large, highly complex drilling projects in the company's principal markets. Its resources include over 700 rigs and associated capital equipment, 70 sales and operations offices and 2,300 employees. Annual sales are approximately $300,000,000. Net income: F97 -- $8,017,000; F98 -- $11,427,000; 9 months F99 -- $5,148,000. Company stock highs and lows: F97 -- $15.50/$10.25; F98 -- $24.25/$12.00; 9 months F99 -- $17.625/$9.00. The company fiscal year ends Jan. 31. |
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