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| Shaw Group reports record net income The Shaw Group Inc. reported record net income for the three months ended May 31, 2007, of $54.6 million, or $0.67 per share. EBITDA for the third quarter of 2007 was $92.2 million. In comparison for the three months ended May 31, 2006, Shaw reported a net loss before interest expense, taxes, depreciation and amortization of $15.7 million and a net loss of $16.7 million, or $0.21 per share. Third quarter operating cash flow totaled $131 million, bringing the nine months' operating cash flow to $285 million. Revenues for third quarter 2007 were $1.6 billion, compared to $1.2 billion in the corresponding 2006 period. Shaw's backlog of unfilled orders at May 31, 2007, was a record $13.3 billion, up from approximately $8 billion at May 31, 2006. Approximately $5.6 billion, or 42 percent, of the backlog is expected to be converted to revenues during the next 12 months. Shaw also expects its backlog to grow to approximately $14.3 billion at August 31, 2007. write your comments about the article :: © 2007 Construction News :: home page |