Welcome to our dedicated page for SHIMMICK CORPORATION news (Ticker: SHIM), a resource for investors and traders seeking the latest updates and insights on SHIMMICK CORPORATION stock.
Shimmick Corporation (NASDAQ: SHIM) delivers essential water infrastructure solutions and critical construction services nationwide. This dedicated news hub provides investors and stakeholders with timely updates on the company's engineering projects, operational developments, and strategic initiatives.
Access official press releases, regulatory filings, and objective analysis of SHIM's water treatment advancements, infrastructure contracts, and sustainability efforts. Our curated collection includes updates on dam construction projects, wastewater system upgrades, transit developments, and other public works critical to communities.
Key resources include earnings announcements, partnership disclosures, project completion milestones, and leadership updates. Bookmark this page for streamlined tracking of SHIM's progress in modernizing water infrastructure while maintaining strict environmental and safety standards across all operations.
Shimmick Corporation (NASDAQ: SHIM) reported its Q2 2025 financial results, showing significant improvement in performance. Revenue increased 42% year-over-year to $128 million, with $113 million from Shimmick Projects. The company's gross margin improved to $8 million, compared to $(31) million in Q2 2024.
Key highlights include reduced SG&A expenses by 20%, launch of Axia Electric subsidiary, and a strong backlog of $652 million. The company secured $70 million in new awards in July 2025 and is the preferred bidder on $164 million in transit and pump station projects. Despite a net loss of $8 million, Shimmick updated its FY2025 guidance, projecting Shimmick Projects revenue of $405-415 million and Adjusted EBITDA between $5-15 million.
Shimmick Corporation (Nasdaq: SHIM), an infrastructure solutions provider focused on water, climate resilience, energy transition, and sustainable transportation projects, will release its Q2 2025 financial results on August 14, 2025 after market close.
The company will host a video webcast conference call at 5:00 p.m. Eastern Time on the same day to discuss the results. Investors can access the live stream and presentation materials through Shimmick's investor relations website, with a replay available for a limited time after the call.
Shimmick Corporation (NASDAQ:SHIM) has been selected as preferred bidder for four infrastructure contracts totaling $156 million in California, with $47 million dedicated to electrical work. The projects include a $116 million wastewater infrastructure upgrade in Modesto, a $24 million power distribution system improvement in Huntington Beach, and two $8 million projects in Nicolaus and Perris.
The largest project involves constructing a 40 million gallon per day pump station in Modesto, while other projects focus on electrical system modernization, pump station construction, and aeration basin rehabilitation. These contracts demonstrate Shimmick's growing presence in water and electrical infrastructure markets, with project commencements expected in Q3 2025.
[ "Secured preferred bidder status for $156 million in new infrastructure contracts", "Diversified project portfolio across water and electrical infrastructure", "Strong presence in California's essential infrastructure market", "Projects aligned with company's 2025 growth strategy" ]Shimmick (Nasdaq: SHIM) has secured a $51 million contract from Stockton East Water District for the Bellota Weir Modifications project in Stockton, California. The comprehensive infrastructure project includes construction of a new inflatable Obermeyer gate weir, surface water intake with fish screens, and a vertical slot fish ladder.
The project, located 17 miles downstream of New Hogan Dam, will feature multiple 54-inch pipelines, a fish exclusion embankment, and a low-permeability cutoff wall. These modifications align with SEWD's Calaveras River Habitat Conservation Plan and aim to enhance water reliability while protecting threatened species like Central Valley steelhead and Chinook salmon. Construction is set to begin in 2025.
Shimmick Corporation (Nasdaq: SHIM) has announced the launch of Axia Electric LLC, a specialized electrical subsidiary focused on delivering electrical and power distribution solutions. The new entity will serve low- and medium-voltage markets, with additional focus on commissioning and O&M services.
Under the leadership of President Fernando DeLeon, Axia Electric has already secured $42 million in new electrical contracts from various clients including Orange County Sanitation District and Redwood Materials. The company currently has over $380 million in active electrical construction projects under contract and employs more than 150 skilled workers.
Ares Commercial Finance (ARES) and Ansley Park Capital have jointly provided a $30 million financing package to Shimmick Corporation, an Irvine-based infrastructure solutions provider. The package consists of a $15 million senior secured revolving line of credit from ACF and a $15 million machinery and equipment term loan from Ansley Park Capital.
The financing will be used to refinance existing debt and provide additional liquidity for Shimmick, which specializes in water, climate resilience, energy transition, and sustainable transportation infrastructure projects. The customized credit facility aims to support Shimmick's project pipeline throughout 2025 and beyond.
Shimmick Corporation (NASDAQ: SHIM), a leading infrastructure solutions provider focused on water, climate resilience, energy transition, and sustainable transportation projects, has scheduled its first quarter 2025 financial results announcement for May 14, 2025, after market close. The company will host a video webcast conference call at 5:00 p.m. Eastern Time on the same day to discuss the results.
Investors can access the live webcast through Shimmick's Investor Relations website, where the earnings call presentation will also be available. A replay of the webcast will be accessible through the same platform for a limited time after the call.
Shimmick (Nasdaq: SHIM) has announced key changes in its financial leadership team. Todd Yoder has been appointed as Executive Vice President and Chief Financial Officer, effective April 14, 2025. Yoder brings extensive financial leadership experience from the construction industry, including previous roles at Shikun & Binui America and Fluor
Amanda Mobley, who has served as interim CFO since June 2024, will transition to the role of Chief Accounting Officer. CEO Ural Yal praised Mobley's leadership during the company's transformative period and highlighted Yoder's expertise in capital management, operational efficiency, risk management, and financial strategy as important for Shimmick's continued growth in infrastructure solutions.
Shimmick Corp. (NASDAQ: SHIM) reported Q4 2024 financial results with revenue of $104 million, including $80 million from Shimmick Projects. Full-year 2024 revenue reached $480 million, with $356 million from Shimmick Projects.
The company reported a net loss of $38 million and Adjusted EBITDA of $(27) million in Q4 2024, primarily due to Legacy Projects. Current backlog stands at $822 million, with over 87% comprising Shimmick Projects. The company maintains liquidity of $100 million and secured a new $15 million credit agreement.
For fiscal 2025 guidance, Shimmick projects:
- 10-15% revenue growth in Shimmick Projects with 9-12% gross margin
- $50-60 million revenue from Legacy and Foundations Projects
- Adjusted EBITDA between $15-25 million
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