Event marks the change of the company’s ticker symbol from “SGR” to “SHAW”
– By Stephen Heiser –
J.M. Bernhard Jr., chairman, president and chief executive officer of The Shaw Group Inc. (NYSE:SHAW), opened trading at the New York Stock Exchange Friday by ringing the ceremonial Opening Bell. The event marked the change of the company’s ticker symbol from “SGR” to “SHAW” with trading under the new symbol beginning today.
“It was an honor to represent Shaw by ringing the Opening Bell this morning,” said Mr. Bernhard. “In a little more than 20 years, Shaw has become a global provider of engineering, technology, construction, fabrication, environmental and industrial services. While our company’s name is recognized widely across our industry, the change of our ticker symbol to SHAW better links our listing with our identity.”
Shaw has been listed on the NYSE since 1996. The company reported a record backlog of unfilled orders of $22.9 billion, record quarterly operating cash flow of $431.8 million and record total cash balance of $1.3 billion in its most recent financial results for its third quarter fiscal year 2009, ending May 31, 2009.
A video feed of the Opening Bell is available via Ascent loop #4009. For those seeking footage via The Switch, please contact NYSE Broadcast at 212-656-5483.
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, chemicals, environmental, infrastructure and emergency response markets. A Fortune 500 company with fiscal year 2008 annual revenues of $7 billion, Shaw is headquartered in Baton Rouge, La., and employs approximately 26,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. Shaw is the power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. For further information, please visit Shaw's Web site at www.shawgrp.com.