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Shaw CEO Predicts Boom in Power Projects as Emissions Regulations Take Effect and Nuclear Sector Gains Lost Ground, an Industrial Info News Alert

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Source: Marketwire

SUGAR LAND, TX -- (Marketwire) -- 12/28/11 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Last week, The Shaw Group Incorporated (NYSE:SHAW) released earnings results for the first quarter (ending Nov. 30, 2011) of the company's 2012 fiscal year. The company's revenues were $1.52 billion, which were on par with the first quarter of Shaw's 2011 fiscal year, and the company ended the quarter with a backlog of about $20 billion, up slightly from 1Q11.

In the conference call regarding the earnings, Shaw Group President, Chairman and CEO J.M. Bernhard spoke with a great degree of optimism about the number and dollar-amount of upcoming projects in the Power Industry, as increasingly stringent environmental regulations are implemented and the U.S. nuclear sector picks up the pace of construction.

Other companies featured: Duke Energy Corporation (NYSE:DUK)

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