-- 2006 Annual Report
-- 2007 First and Second Quarter Reports
BATON ROUGE, La.--(BUSINESS WIRE)--Sept. 28, 2007--The Shaw Group
Inc. (NYSE: SGR) announced today it has filed its fiscal 2006 annual
report on Form 10-K/A and its quarterly reports for the first and
second quarters of fiscal year 2007 on Forms 10-Q/A and 10-Q,
respectively, with the Securities and Exchange Commission.
The 2007 financial statements filed today reflect a decision by
the company, after consultation with the Corporate Finance Division
accounting staff of the Securities and Exchange Commission, to account
for its investment in Westinghouse as a single asset using the equity
method of accounting.
The company is working on completing its third quarter financial
results and anticipates filing this report in mid-October.
The Shaw Group Inc. is a leading global provider of technology,
engineering, procurement, construction, maintenance, fabrication,
manufacturing, consulting, remediation and facilities management
services for government and private sector clients in the energy,
chemical, environmental, infrastructure and emergency response
markets. A Fortune 500 company with nearly $5 billion in annual
revenues, Shaw is headquartered in Baton Rouge, La. and employs
approximately 23,000 people at its offices and operations in North
America, South America, Europe, the Middle East and the Asia-Pacific
region. For further information, please visit Shaw's Web site at
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for certain forward-looking statements. The statements
contained herein that are not historical facts (including without
limitation statements to the effect that the Company or its management
"believes," "expects," "anticipates," "plans" or other similar
expressions) and statements related to revenues, earnings, backlog, or
other financial information or results are forward-looking statements
based on the Company's current expectations and beliefs concerning
future developments and their potential effects on the Company. There
can be no assurance that future developments affecting the Company
will be those anticipated by the Company. These forward-looking
statements involve significant risks and uncertainties (some of which
are beyond our control) and assumptions and are subject to change
based upon various factors. Should one or more of such risks or
uncertainties materialize, or should any of our assumptions prove
incorrect, actual results may vary in material respects from those
projected in the forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. A description of some of the risks and uncertainties that
could cause actual results to differ materially from such
forward-looking statements can be found in the Company's reports and
registration statements filed with the Securities and Exchange
Commission, including its Form 10-K and Form 10-Q reports, and on the
Company's Web site under the heading "Forward-Looking Statements."
These documents are also available from the Securities and Exchange
Commission or from the Investor Relations department of Shaw. For more
information on the company and announcements it makes from time to
time on a regional basis, visit our Web site at www.shawgrp.com.
CONTACT: The Shaw Group Inc.
Chris Sammons 225-932-2546
Sean Clancy 225-987-7129
SOURCE: The Shaw Group Inc.