SOURCE: Industrial Info Resources

Industrial Info Resources

November 01, 2011 06:10 ET

Shaw Group Weathers Tough Fourth-Quarter, Full-Year 2011, Looks Forward to New Projects, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Nov 1, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Engineering, procurement and construction giant The Shaw Group Incorporated (NYSE:SHAW) (Baton Rouge, Louisiana) reported declines in revenues and gross profits for its fiscal fourth-quarter and full-year 2010, although the company maintained a $20 billion backlog of unfilled orders, including several nuclear-related projects awarded in the fourth quarter. Net losses for the quarter were $90.26 million, compared with net losses of $24.02 million in fourth-quarter 2010. Net losses for the year were $175.02 million, compared with net income of $82 million in full-year 2010.

Industrial Info is tracking more than $94 billion in active projects involving Shaw, including coal-fired power projects for Duke Energy Corporation (NYSE:DUK) and Dominion Resources (NYSE:D).

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