Shimmick Corporation reports developments tied to its U.S. infrastructure solutions business, including water and wastewater treatment, water resources, electrical work, climate resilience, sustainable transportation, and other critical infrastructure construction services. Company updates commonly cover project awards, preferred-bidder activity, backlog, new awards, and operating performance within its Shimmick Projects and non-core project categories.
Recurring news also includes quarterly and annual results, conference-call announcements, management appointments, and market activity in states such as California and Texas, where Shimmick discusses stormwater, flood protection, wastewater, water reclamation, shore power, and related public-agency infrastructure work.
Shimmick (Nasdaq: SHIM) will release its third quarter 2026 financial results after market close on November 12, 2026.
A video webcast conference call to discuss the results will begin at 4:30 p.m. Eastern Time that day. The webcast and earnings call presentation will be available on the company’s investor relations website. A replay will be available there for a limited time immediately after the call.
Shimmick (NASDAQ: SHIM) completed a $14.3 million equipment refinancing with Sixty-First Commercial Finance during its third fiscal quarter of 2026. The five-year, fixed-rate financing refinanced existing equipment debt and reduced the borrowing rate from 12.50% to 9.31%, an improvement of approximately 319 basis points.
The transaction also generated approximately $4.3 million in incremental liquidity. Shimmick said the refinancing provides greater flexibility to support future equipment needs and project execution.
Shimmick (NASDAQ: SHIM) reported Q2 2026 revenue of $106.6 million, down from $128.4 million in Q2 2025, with gross margin rising to $12.5 million and 12% of revenue versus 6% a year earlier. Net loss attributable to Shimmick narrowed to $5 million from $9 million.
Q2 Adjusted EBITDA was $4 million, the fourth consecutive positive quarter, compared with approximately breakeven in Q2 2025. Liquidity was $33 million as of July 3, 2026. Backlog reached about $991 million, the highest since Q1 2024, with a Q2 book-to-burn ratio of 1.4x and $138 million of new work booked.
Non-Core Projects delivered $2 million of gross margin versus a $(7) million loss a year earlier, while higher-margin Shimmick Projects represented over 97% of total backlog. For fiscal 2026, Shimmick now expects consolidated revenue of $525–$575 million and reaffirms Consolidated Adjusted EBITDA guidance of $15–$30 million, implying 12% and 350% year-over-year growth at midpoints, respectively, according to the company.
Shimmick Corporation (Nasdaq: SHIM) announced it will release its second quarter 2026 financial results after market close on Monday, August 10, 2026. The company will host a video webcast conference call to discuss the results at 4:30 p.m. Eastern Time the same day.
The live webcast will be accessible via Shimmick’s Investor Relations website at https://investors.shimmick.com/, where the related earnings presentation will also be posted. According to Shimmick, a replay of the webcast will be available for a limited time following the call.
Shimmick (NASDAQ: SHIM) announced more than $265 million in new project awards across its Water & Industrial and Energy & Infrastructure businesses, expanding backlog in core growth markets.
Key wins include the $124 million Coyote Creek Flood Protection Project in San José, a $42 million segment of the Walnut Creek Wastewater Treatment Plant Expansion in Texas, and participation in LA Metro’s North Hollywood to Pasadena Bus Rapid Transit Project, where Shimmick and Axia Electric’s share totals about $80 million. Axia Electric also secured a $20 million contract for UC Berkeley’s Electrified Heating and Cooling Plant, supporting energy transition and electrification initiatives.
Shimmick (NASDAQ: SHIM) closed an underwritten public offering of its common stock. The company sold 4,289,500 shares, including the full over-allotment option, at $3.50 per share, generating approximately $14.0 million in net proceeds for working capital and general corporate purposes. Roth Capital Partners was sole manager.
Shimmick (NASDAQ: SHIM) priced an underwritten public offering of 3,730,000 common shares at $3.50 per share. Underwriters have a 30-day option for 559,500 additional shares. Net proceeds are expected to be about $12.2 million, funding working capital and general corporate purposes.
Shimmick (NASDAQ: SHIM) reported Q1 2026 revenue of $88 million and gross margin of $11 million, generating an estimated net loss of $4 million and Adjusted EBITDA of $3 million.
Backlog reached about $944 million, book-to-burn was 2.6x, and 2026 guidance remains $550–$600 million revenue with $15–$30 million Adjusted EBITDA.
Shimmick (Nasdaq: SHIM) will release Q1 2026 financial results after market close on May 14, 2026. A live video webcast and conference call will follow at 4:30 p.m. Eastern Time, with the presentation and a replay posted on the company Investor Relations website.
Investors can access the live stream and replay at https://investors.shimmick.com/.
Shimmick (Nasdaq: SHIM) appointed Sarah Tacker as Executive Vice President and Chief Operating Officer, effective April 28, 2026. Ms. Tacker will oversee operational functions, report to CEO Ural Yal, and focus on strengthening execution, improving processes, and supporting consistent performance as Shimmick scales.
Ms. Tacker joins from FlatironDragados where she served as Vice President, District Manager for Northern California and brings 27 years of construction industry experience.