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) 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.
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" ]