Shaw Group Weathers Tough Fourth-Quarter, Full-Year 2011, Looks Forward to New Projects, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwire) -- 11/01/11 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Engineering, procurement and construction giant (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 (NYSE:DUK) and (NYSE:D).
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Datum: 01.11.2011 - 05:10 Uhr
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News-ID 1051747
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