SHIMMICK CORPORATION Stock Price, News & Analysis

Shimmick (Nasdaq: SHIM) announced it will release third quarter 2025 financial results after market close on Thursday, November 13, 2025. The company will host a live video webcast conference call to discuss results at 4:30 p.m. Eastern Time the same day.

A copy of the earnings presentation will be posted on the company investor relations site at https://investors.shimmick.com/ and a replay of the webcast will be available via the same link for a limited time immediately after the call.

Shimmick Corporation (Nasdaq: SHIM) has secured two significant infrastructure contracts totaling $78 million in California and Washington. The company will undertake the $29.6 million Santa Monica Pier Bridge Replacement Project, replacing the 85-year-old Colorado Avenue Bridge with completion scheduled before the 2028 Olympics.

Additionally, Shimmick has been awarded a $48.2 million contract from Sound Transit for the Renton Transit Center project in Washington, which includes construction of a modern transit center with eight bus bays, Battery Electric Bus infrastructure, and dedicated bus lanes.

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) reported its Q1 2025 financial results with revenue of $122 million, including $93 million from Shimmick Projects. The company posted a gross margin of $5 million, improving from $(16) million in Q1 2024. Net loss decreased to $10 million from $33 million year-over-year, while Adjusted EBITDA was $(3) million. The company's backlog stands at $740 million, with 87% comprising Shimmick Projects. SG&A expenses decreased 11% to $14 million. For FY2025, Shimmick expects Shimmick Projects revenue to grow 10-15% with gross margins of 9-12%, and Adjusted EBITDA between $15-25 million. The company continues to focus on water, climate resilience, energy transition, and sustainable transportation infrastructure projects.