While Economy Falters, Shaw Group's Future Looks Strong, an Industrial Info News Alert

• Press Release
• Source: Industrial Info Resources
• On 6:00 am EST, Monday January 12, 2009

SUGAR LAND, TX--(MARKET WIRE)--Jan 12, 2009 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- While many U.S. companies and institutions are struggling in the face of the slowing economy, notable exceptions exist. One of these is The Shaw Group Incorporated (NYSE:SGR - News) (Baton Rouge, Louisiana), which reported significant growth in profits in its first-quarter 2009 earnings report. While many companies have had to lay off increasing numbers of employees, the Shaw Group has continued growth and new hiring for the past several quarters. Net income for 1Q09 was $62.8 million, up more than 69% from 1Q08's $37.7 million. Shaw also recently signed the largest contract in the company's history.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=142764, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

Related News Articles

Shaw Group Leads Top 10 E&C Firm List for Active Project Development in North America

Shaw Stone & Webster Awarded Contract for 500-Megawatt Combined-Cycle Unit Addition in Nevada

Shaw Group Succeeds in Multiple Industries with $33 Billion of Projects in the U.S.

     Contact:
     Joe Govreau
     713-783-5147