class='on' Forward Looking Statement


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At a Glance

HQ: Baton Rouge, LA

NYSE Symbol: SGR

No. of employees: 22,000

Revenues: Over $4 billion

Founded: 1987

Chairman & CEO:
J.M. Bernhard, Jr.

T.A. Barfield, Jr.

Executive VP & CFO: Robert L. Belk

Forward Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. The statements contained or incorporated by reference in this website that are not historical facts (including without limitation statements to the effect that The Shaw Group Inc. (the “Company” or “Shaw”) or its management “believes,” “expects,” “anticipates,” “plans,” “intends,” “foresees,” or other similar expressions) are forward-looking statements.  These forward-looking statements are 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. All comments concerning the Company’s expectations for future revenue and operating results are based on the Company’s forecasts for existing operations and do not include the potential impact of any future acquisitions.  These forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company’s control) and assumptions.  They are subject to change based upon various factors, including but not limited to the factors summarized below:

  • cyclical changes in the demand for the Company’s products and services;
  • liabilities associated with various acquisitions, including the Stone & Webster and IT Group transactions;
  • the Company’s ability to successfully identify, integrate and complete acquisitions;
  • delays or difficulties related to the Company’s significant Engineering, Procurement and Construction projects including additional costs, reductions in revenues or the payment of the liquidated damages;
  • the Company’s dependence on subcontractors and equipment manufacturers;
  • the failure to meet schedule or performance requirements of the Company’s contracts;
  • the nature of the Company’s contracts, particularly fixed-price contracts;
  • risks associated with being a government contractor;
  • the Company’s indebtedness could adversely affect its financial condition and impair its ability to fulfill its obligations under its senior notes and credit facility;
  • any non-compliance with the covenants in the Company’s credit facility, indenture relating to its senior notes and indemnity agreements with its sureties and its ability to obtain waivers and/or amendments;
  • the Company’s ability to collateralize letters of credit upon non-compliance with covenants in its credit facility;
  • covenants in the Company’s credit facility, indenture relating to its senior notes and indemnity agreements with it sureties that restrict its ability to pursue its business strategies;
  • the Company’s liquidity position;
  • the Company’s ability to obtain surety bonds or other means of credit support for projects;
  • changes in the estimates and assumptions the Company uses to prepare its financial statements;
  • the effect of the Company’s percentage-of-completion accounting policies;
  • the Company’s ability to obtain new contracts for large-scale domestic and international projects and the timing of the performance of these contracts;
  • the cyclical nature of the individual markets in which the Company’s customers operate;
  • changes in the political and economic conditions of the countries in which the Company’s operates;
  • currency fluctuations;
  • the Company’s dependence on one or a few significant customers;
  • potential professional liability, product liability, warranty and other potential claims;
  • potential contractual and operational costs related to the Company’s environmental and infrastructure operations;
  • risks associated with the Company’s integrated environmental solutions businesses;
  • changes in environmental laws and regulations;
  • limitation or expiration of the Price Anderson Act’s nuclear contractor indemnification authority;
  • the presence of competitors with greater financial resources and the impact of competitive products, services and pricing;  
  • the Company’s failure to attract and retain qualified personnel;
  • changes in the U.S. economy and global markets as a result of terrorists’ actions;
  • a determination to write-off a significant amount of intangible assets acquired through acquisitions or long-lived assets;
  • various legal, regulatory and litigation risks;
  • work stoppages and other labor problems;
  • the Company’s competitor’s ability to develop or otherwise acquire equivalent or superior technology and;
  • the Company’s ability to retain key members of its management. 

Should one or more of these risks or uncertainties materialize, or should any of the Company’s 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.  The Company cautions you not to place undue reliance on these forward-looking statements, which speak only as of the date such statements were made or as of the date of the report or document in which they are contained, and the Company undertakes no obligation to update such information.  The Company urges you to carefully review and consider the disclosures made in its reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect the Company’s business. 

Additional Information

Message from our Chairman and CEO