Welcome to our dedicated page for SHIMMICK news (Ticker: SHIM), a resource for investors and traders seeking the latest updates and insights on SHIMMICK stock.
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) 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.
Shimmick (NASDAQ: SHIM) secured approximately $256 million in new infrastructure awards on March 17, 2026, focused on water and electrical-related civil works in California and Texas. Key contracts include a $180M Daly City stormwater tunnel, a $32M Napa floodwall package, and a $44M wastewater expansion subcontract in Austin.
These projects expand Shimmick’s water infrastructure backlog, add significant regional scope in California and Texas, and involve stormwater conveyance, floodwalls, and wastewater capacity work to support community protection and growth.
Shimmick (NASDAQ: SHIM) reported Q4 2025 revenue of $100 million and FY2025 revenue of $493 million. Shimmick Projects drove performance with FY revenue of $397 million, backlog near $793 million, liquidity of $44 million, and Q4 Adjusted EBITDA of $4 million.
The company posted a Q4 net loss of $3 million, continues to wind down Non-Core Projects, and gave 2026 guidance of $550–$600 million revenue and $15–$30 million Adjusted EBITDA.
Shimmick (Nasdaq: SHIM) will release its fourth quarter and full year 2025 financial results after market close on Thursday, March 12, 2025. A video webcast conference call to discuss results is scheduled for 4:30 p.m. Eastern Time the same day.
The live webcast, presentation deck and a limited-time replay will be available via the company’s Investor Relations website at investors.shimmick.com.
Shimmick (Nasdaq: SHIM) was named preferred bidder on two Los Angeles market infrastructure projects totaling approximately $81.5 million, announced Dec. 16, 2025. The awards cover a $61.3 million berth electrical and civil package at Berths 49–51 for the Port of Los Angeles to support shore power and terminal upgrades, and a $20.2 million influent pump station and electrical upgrade for the Palmdale Water Reclamation Plant for Los Angeles County Sanitation District.
Both projects target electrical, structural, and civil improvements with construction expected to begin in 2026 after final permitting and preconstruction.
Shimmick Corporation (NASDAQ: SHIM) reported third quarter 2025 results for the period ended October 3, 2025, with $142 million total revenue and $107 million from Shimmick Projects.
Key operational metrics: Shimmick Projects revenue +6% YoY, Shimmick Projects gross margin $10M (up 67% YoY), consolidated gross margin $11M, adjusted EBITDA $4M (first positive in four quarters), and reported net loss $4M. Backlog was approximately $754M (up 15% QoQ) with a book-to-burn of 1.7x; the company added $190M of new work in Q3 2025. Liquidity was $48M. Management reaffirmed full-year 2025 guidance and expects Shimmick Projects revenue of $405M–$415M and consolidated adjusted EBITDA of $5M–$15M.