Layne Christensen Company (LAYN) is a global water management, construction, and drilling company. Founded in 1882, the company provides solutions for water, mineral, and energy challenges to various customers, including government agencies, industrial companies, and mining firms.
Layne Christensen operates through two primary business segments: Water Resources and Mineral Services. The Water Resources segment provides water supply related services, including the drilling of water wells and installation of water treatment systems, and also offers pipeline construction services. The Mineral Services segment provides drilling, sampling, and analysis services to the mining industry.
The company has operations throughout the United States, as well as in Canada, Mexico, South America, and Africa. LAYN is committed to sustainable practices and is focused on improving water management and access to water in developing regions.
In recent years, LAYN has faced financial challenges, including declining revenue and net income, and has undergone several strategic initiatives to improve performance. In 2017, the company merged with Granite Construction's water division, which created a larger, more diversified company with a stronger balance sheet.
As of September 2021, LAYN's stock was trading at around $3.65 per share with a market capitalization of approximately $76 million.
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