SOURCE: Industrial Info Resources

Industrial Info Resources

June 30, 2011 06:10 ET

Shaw Group Faces Rough Headwinds in Fiscal Third-Quarter 2011, Remains Optimistic, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jun 30, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Engineering, procurement and construction giant The Shaw Group Incorporated (NYSE:SHAW), which is headquartered in Baton Rouge, Louisiana, reported an overall decline in sales and profits for the fiscal third quarter of 2011, as company officials cited subcontractor execution issues as the major factor in the "disappointing" quarter. Shaw reported a net loss of $69.95 million for the quarter, compared with net income of $69.16 million in the same period last year.

Industrial Info is tracking more than $98 billion of industrial projects throughout the world that are using Shaw's services, ranging from relatively small-scale maintenance turnarounds to large capital projects. In March this year, Shaw and Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) kicked off construction on a 600-megawatt (MW), gas-fired combined-cycle unit at the Dan River power station in Eden, North Carolina. For more information, visit Industrial Info's North American Power Project Database.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

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