Shaw Group, Inc. announced a $700M contract with the Army Corps of Engineers to build flood gates and possible a barrier wall at Lake Borgne in Louisiana. The project will be recognized as part of third quarter backlog.
Shaw Group, Inc. announced that it will build two nuclear energy generating units in Jenkinsville, South Carolina. Its Westinghouse segment will design and build the plants.
Mr. Richard F. Gill, president of Shaw's Power Group and chairman of its Executive Committee, passed away. SGR made the announcement on 03/21/08.
Shaw Group Inc., announced its third quarter results, declaring a profit of $0.39 per share. The company’s revenue increased by 17% to $709.2 on account of strong demand for petrochemicals processing and power generation.
Shaw Group, Inc. announced a net income of $54.6 million in its third quarter compared to a loss of $16.7 million last year. Revenue also increased from $1.2 billion to $1.6 billion. As a result, the stock price of the company increased in the pre-market hours.
Shaw Group Inc has been awarded a design, engineering, procurement and construction contract for the steam cracker recovery unit by ExxonMobil Chemical.