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| Shaw Group announces 4Q results The Shaw Group Inc. reported financial results for its fourth quarter and fiscal year ended August 31, 2007. Net income for the three months ended August 31, 2007, was $0.6 million, or $0.01 per share. Earnings before interest expense, income taxes, depreciation and amortization (EBITDA) for the three months ended August 31, 2007 were $13.4 million. Revenues for the fourth quarter 2007 were $1.6 billion compared to $1.2 billion in the prior year quarter, a 40 percent increase. Shaw generated approximately $176 million in operating cash flow during the fourth quarter of 2007 as compared to $162 million in the fourth quarter 2006. The company's global cash balance at August 31, 2007, exceeded $360 million. Shaw booked nearly $11 billion in new awards during fiscal year 2007 and its backlog of unfilled orders at August 31, 2007, rose to a record $14.3 billion, up 57 percent from approximately $9.1 billion at August 31, 2006. write your comments about the article :: © 2007 Construction News :: home page |