For the fiscal year ended August 31, 2007, EBITDA including the Westinghouse segment was $59.6 million and $92.1 million excluding the Westinghouse segment. Fiscal year ended August 31, 2006, EBITDA was $124.1 million.
Revenues for fiscal year 2007 were $5.7 billion compared to $4.8 billion in fiscal year 2006, a 20 percent increase. Shaw generated $461.0 million of operating cash flow in fiscal year 2007, compared to a net use of cash in operating activities of $94.5 million in fiscal year 2006.
Shaw booked nearly $11 billion in new awards during fiscal year 2007 and its backlog of unfilled orders at August 31, 2007, rose to a record $14.3 billion, up 57 percent from approximately $9.1 billion at August 31, 2006.
"Global demand and economic expansion in the markets we service for power generation capacity, petrochemicals and refined products continue to drive Shaw's considerable growth," said J.M. Bernhard Jr., Shaw's chairman, president and chief executive officer.
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