Layne Christensen Reports Third Quarter Fiscal 2011 Earnings

• Revenues for the quarter increased $52.0 million, or 23.9%, to $269.8 million from $217.8 million last year.
• Net income for the quarter was $8.2 million, or $0.42 per share, compared to $6.6 million, or $0.34 per share last year.
• On October 22, 2010, the Company completed its acquisition of Bencor Corporation of America.
• Operations in the Company's Mineral Exploration division continued to improve, with quarterly revenues and earnings increasing 68.2% and 353.6%, respectively, compared to last year.

Financial Data	Three Months		%	Nine Months		%
(000's, except per share data)	10/31/10	10/31/09	Change	10/31/10	10/31/09	Change
Revenues
--Water infrastructure	$ 209,870	$ 174,345	20.4	$ 576,765	$ 516,573	11.7
--Mineral exploration	51,662	30,713	68.2	148,325	85,764	72.9
--Energy	4,944	11,743	(57.9)	20,336	34,052	(40.3)
--Other	3,321	999	232.4	8,386	2,830	196.3
Total revenues	$ 269,797	$ 217,800	23.9	$ 753,812	$ 639,219	17.9
Net income (loss)	8,194	6,621	23.8	21,214	(1,023)	*
Diluted EPS	0.42	0.34	23.5	1.09	(0.05)	*
Net income excluding
energy impairment charge	8,194	6,621	23.8	21,214	12,016	76.5
Diluted EPS excluding
energy impairment charge	$ 0.42	$ 0.34	23.5	$1.09	$ 0.62	75.8
* Not meaningful

"Layne completed another good quarter paced by continued strong results in our Mineral Exploration division. The Water Infrastructure division results, compared to last year, were better than expected. The Afghanistan water well project for the U.S. Army was a key contributor to this success. That project will likely wrap up over the next two quarters. Layne Energy endured some very low natural gas pricing this quarter which adversely affected their earnings. Going forward, the short-term economic outlook for most of our businesses is stable." --- Andrew B. Schmitt, President and Chief Executive Officer

MISSION WOODS, Kan., Dec. 7, 2010 (GLOBE NEWSWIRE) -- Layne Christensen Company (Nasdaq:LAYN), today announced net income for the third quarter ended October 31, 2010, of $8,194,000, or $0.42 per diluted share for the three months and $21,214,000, or $1.09 per diluted share for the nine months, compared to $6,621,000, or $0.34 per diluted share, for the three months and a net loss of $1,023,000, or $0.05 per diluted share, for the nine months ended October 31, 2009.