Shaw Group (SHAW) Receives $32.5M Arbitration Award

The Shaw Group Inc. (NYSE: SHAW) has received an arbitration award of approximately $32.5 million for a contract previously executed by its Power segment for the engineering, procurement and construction of a 600-megawatt steam turbine electrical generation plant in the U.S.

Shaw will recognize an immaterial gain in the company’s earnings in Q411 and expects to collect cash in the amount of the award.

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