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Shimmick Corp. - SHIM STOCK NEWS

Welcome to our dedicated news page for Shimmick (Ticker: SHIM), a resource for investors and traders seeking the latest updates and insights on Shimmick.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Shimmick's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Shimmick's position in the market.

Rhea-AI Summary
Shimmick Corp. (Nasdaq: SHIM) reported strong financial results for the third quarter of 2023, with revenue of $175 million, net income of $35 million, and a backlog of $1.2 billion as of September 29, 2023. The company's adjusted net income increased by 70% to $37 million, and adjusted EBITDA grew by 63% to $42 million compared to the prior year quarter. Shimmick's CEO, Steve Richards, highlighted the company's focus on profitable projects and strategic initiatives to drive future growth and increased profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.92%
Tags
earnings
-
Rhea-AI Summary
Shimmick Corporation (Nasdaq: SHIM) appoints Joe Del Guercio to the Board of Directors, leveraging his 20 years of finance experience to guide the company's growth strategy in the water infrastructure sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
management
-
Rhea-AI Summary
Shimmick Corporation (Nasdaq: SHIM) will release its third quarter 2023 results after the market close on Tuesday, December 19, 2023. A conference call will follow at 5:00 p.m. (Eastern Time) on the same day. Interested parties can access the call live over the phone or listen to a simultaneous webcast on the Investor Relations section of the Company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
Tags
earnings
Rhea-AI Summary
Shimmick Corporation (SHIM) announced the pricing of its initial public offering of 3,575,000 shares of its common stock at a price to the public of $7 per share. The company granted the underwriters a 30-day option to purchase up to an additional 536,250 shares. The shares are expected to begin trading on the Nasdaq Global Market on November 14, 2023, under the ticker symbol 'SHIM.' The offering is expected to close on November 16, 2023. Shimmick intends to use the net proceeds from the offering to repay outstanding indebtedness and for working capital, general corporate purposes, and potential funding of future acquisitions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
IPO offering
Shimmick Corp.

Nasdaq:SHIM

SHIM Rankings

SHIM Stock Data

153.47M
2.67M
92.55%
9.2%
0.15%
Water and Sewer Line and Related Structures Construction
Construction
Link
US
Oakland