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While Economy Falters, Shaw Group's Future Looks Strong
SUGAR LAND--January 12, 2008--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) (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.
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Industry Segment: Industrial Manufacturing
Word Count: 566 Words
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