Shawcor Ltd. announced that earnings in 2022 are expected to be heavily weighted to the second half of the year, with the first quarter representing the lowest quarter of the year, and likely the lowest quarter since 2020 reflecting the expected lull in pipe coating project activity arising from very limited project sanctioning which occurred during the COVID-19 impacted period of early 2020 until mid-2021. Despite this specific near-term challenge, the underlying business trends for all of Shawcor's primary businesses remain favourable and financial performance is expected to improve quarter over quarter throughout 2022.