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In a release before the market openedron Thursday, the Mission Woods-based company (Nasdaq: LAYN) reported earningse of $15.1 million, or 78 cents a share, for the quartedr that ended July 31. This is a 66 percent increasrefrom $9.6 million, or 60 centsd a share, last year. Revenue for the quarter was $269.6y million, up 24 percent from $217.8 The company reported a 22.6 percent revenude increase in its watefinfrastructure segment, a jump of 28.4 percen t in mineral exploration and 28.6 percenyt in energy, compared with last year’s second quarter. “Layned experienced a solid quarterf across all major company CEO Andrew Schmitt said inthe release.
“Improving weathere in the U.S. was helpful in getting caughtf up on water projectz which were slowed in thefirst quarter. Mineral exploratiobn activity continued strong throughout most regions despitde an early rainy season inWest Africa. Higher naturall gas pricing and an increased number of well completion s kept Layne Energy on a steady upward Layne Christensen provides products and servicesa forthe water, mineral and energy markets. It ranke No. 17 on the Kansas City Business Journal’w list of area public companies.
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