Shimmick Preferred Bidder on $81.5 Million in Water and Electrical Projects in Los Angeles Market

Shimmick (Nasdaq: SHIM) was named preferred bidder on two Los Angeles market infrastructure projects totaling approximately $81.5 million, announced Dec. 16, 2025.

Rhea-AI Summary

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.

Argus Dec 16 session

+12.50% close to close Open Argus

Details

News Market Reaction – SHIM

On Dec 16, the day this news came out, SHIM closed 12.50% above the previous close.

Data tracked by StockTitan Argus for the Dec 16 session.

Market Context

On Dec 16, the day this news came out, the stock closed 12.5% above the previous close. A strong pos...

Analysis

On Dec 16, the day this news came out, the stock closed 12.5% above the previous close. A strong positive reaction aligns with Shimmick’s pattern of favorable responses to contract wins and backlog growth. Prior announcements of new awards and improving margins coincided with gains of up to 13.51%. However, investors have to weigh this new $81.5M in preferred-bid work against existing leverage and the company’s capital-raising flexibility under its effective S-3 shelf, as well as execution risk on long-duration infrastructure projects.

Key Figures

Preferred-bid projects: $81.5M Cruise terminal project: $61.3M Water plant project: $20.2M +5 more

Preferred-bid projects

$81.5M

Total new water and electrical work in Los Angeles market

Cruise terminal project

$61.3M

Berths 49–51 Outer Harbor Cruise Terminal Development

Water plant project

$20.2M

Palmdale Water Reclamation Plant pump station modifications

Shore power voltage

34.5-kV

LADWP industrial station for shore power infrastructure

Q3 2025 revenue

$142M

Total revenue reported for third quarter 2025

Backlog

$754M

Disclosed backlog as of October 3, 2025

New work added Q3

$190M

New awards in Q3 2025

Remaining obligations

$716M

Remaining performance obligations with 2.5-year weighted life

Historical Context

5 past events · Latest: Nov 13

5 events

1. Nov 13

   Q3 2025 earnings

   24h Move

   +13.5%

   Improved margins, positive adjusted EBITDA, and higher backlog drove gains.

2. Oct 30

   Earnings notice

   24h Move

   -0.4%

   Scheduling of Q3 2025 results and webcast provided routine disclosure.

3. Sep 16

   New contracts win

   24h Move

   +3.6%

   Two infrastructure contracts totaling $78M expanded project pipeline.

4. Aug 14

   Q2 2025 earnings

   24h Move

   +13.3%

   42% revenue growth and margin recovery supported a stronger outlook.

5. Aug 04

   Earnings notice

   24h Move

   +0.9%

   Announcement of Q2 2025 results release and webcast timing.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

shore power, alternative maritime power, medium-voltage switchgear, hybrid fender system, +2 more

6 terms

shore power technical

"support shore power — also known as Alternative Maritime Power (AMP) — and modern cruise terminal"

Shore power is the practice of plugging ships, ferries or other vessels into an onshore electrical supply while docked so they can turn off their engines and onboard generators. Like plugging an electric car into a charger instead of idling the engine, it reduces fuel use and pollution and can lower operating costs, affect compliance with environmental rules, and create demand for port electrical infrastructure and related investments.

alternative maritime power technical

"support shore power — also known as Alternative Maritime Power (AMP) — and modern cruise"

Alternative maritime power refers to non-traditional energy sources and propulsion systems used to power ships and port operations instead of conventional heavy marine fuels. Think of it as replacing a gas-guzzling car engine with electric, hydrogen, or wind-assisted systems: it can cut fuel costs, lower pollution, and help maritime players meet stricter rules, so investors watch it for regulatory risk, potential cost savings, and new technology-driven market opportunities.

medium-voltage switchgear technical

"includes construction of a new LADWP 34.5-kV industrial station, installation of medium-voltage switchgear"

Medium-voltage switchgear is the set of cabinets, breakers and control devices that route, protect and isolate electrical power on systems between roughly 1,000 and 35,000 volts. Think of it as a traffic-control center for high-power electricity that lets operators turn circuits on or off, prevent faults, and safely perform maintenance. Investors care because it is essential capital equipment that affects a facility’s reliability, safety, operating costs and regulatory compliance, and often represents significant, long-lived spending.

hybrid fender system technical

"concrete wharf repairs, installation of a hybrid fender system, utility upgrades, and site improvements"

A hybrid fender system is a protective barrier that combines different materials or technologies—such as rubber, foam, metal, or energy-absorbing mechanisms—to cushion and reduce impact between moving objects, like ships and docks or vehicles and structures. Investors watch these systems because they can lower repair and liability costs, extend equipment life, and open sales opportunities where stronger, lighter, or more compliant protection is required, which affects manufacturers’ revenue and maintenance spending for asset owners.

water reclamation technical

"support long-term water reclamation operations serving the surrounding region."

Water reclamation is the process of cleaning used water—such as sewage, industrial runoff, or stormwater—so it can be safely reused for drinking, irrigation, industrial processes, or environmental flows. Think of it like recycling bottles but for water: it reduces demand on fresh sources and lowers long-term operating costs and regulatory risks, which matters to investors because it can drive capital spending, revenue streams, permits, and resilience for utilities and companies that rely on water.

influent pump technical

"includes upgrades to influent pumping and electrical systems, construction of a new utility building"

An influent pump is the mechanical device that moves incoming wastewater or process fluid from collection points into a treatment plant or processing system. Like a heart that pushes blood into the body, it controls flow and pressure at the plant entrance, so its reliability and efficiency affect operating costs, downtime risk, regulatory compliance and capital spending—making it important for investors evaluating infrastructure, utilities or industrial processing businesses.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Shimmick continues to advance sustainable transportation and critical infrastructure projects in Southern CA

IRVINE, Calif., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Shimmick Corporation (Nasdaq: SHIM) ("Shimmick" or the "Company"), a national leader in complex infrastructure solutions, has been named the preferred bidder on two projects in the Los Angeles market, totaling approximately $81.5 million in new work. The projects span water and electrical infrastructure and reflect growing demand for Shimmick's integrated civil and electrical delivery capabilities.

"These projects reflect continued investment in essential water and electrical infrastructure that supports long-term resilience," said Ural Yal, Chief Executive Officer of Shimmick. "From advancing shore power to strengthening critical water reclamation facilities, our teams are partnering with public agencies to deliver solutions that improve sustainability and performance while benefiting the communities they serve."

Berths 49–51 Outer Harbor Cruise Terminal Development, $61.3 million, Los Angeles, CA

This project for the Port of Los Angeles (Port) includes significant electrical, structural, and civil improvements to support shore power — also known as Alternative Maritime Power (AMP) — and modern cruise terminal operations. Scope includes construction of a new Los Angeles Department of Water and Power (LADWP) 34.5-kV industrial station, installation of medium-voltage switchgear and shore power infrastructure, concrete wharf repairs, installation of a hybrid fender system, utility upgrades, and site improvements that enhance pedestrian and vehicular access, safety, and security. The project supports long-term sustainability objectives by strengthening aging marine infrastructure and enabling vessels to connect to shore power while docked, significantly reducing emissions.

Palmdale Water Reclamation Plant Influent Pump Station Modifications, $20.2 million, Palmdale, CA

This project for the Los Angeles County Sanitation District (LACSD) includes upgrades to influent pumping and electrical systems, construction of a new utility building, and associated civil improvements. The work will enhance operational reliability, improve system performance, and support long-term water reclamation operations serving the surrounding region.

Construction on both projects is expected to begin in 2026, following completion of final permitting and preconstruction activities.

About Shimmick

Shimmick Corporation (NASDAQ: SHIM) is an industry leader in delivering turnkey infrastructure solutions that strengthen critical markets across water, energy, climate resilience, and sustainable transportation. We integrate technical excellence with collaborative project delivery methods to provide innovative, technology-driven infrastructure solutions that accelerate economic growth and empower communities nationwide. With a track record spanning over a century, Shimmick, headquartered in California, unites a deep engineering heritage with an entrepreneurial spirit to tackle today's most complex infrastructure challenges. For more information, visit www.shimmick.com.

Investor Relations:
IR@shimmick.com
1-949-704-2350

Media Contact:
Lee Ann Ballew
LeeAnn.Ballew@shimmick.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What projects did Shimmick (SHIM) win as preferred bidder on Dec. 16, 2025?

Shimmick was named preferred bidder on two Los Angeles projects: a $61.3M Port of Los Angeles berth package and a $20.2M Palmdale water reclamation pump station upgrade.

When will construction for Shimmick's (SHIM) Los Angeles projects start?

Construction is expected to begin in 2026 following completion of final permitting and preconstruction activities.

What scope is included in the $61.3M Berths 49–51 project for SHIM?

Scope includes a new LADWP 34.5-kV industrial station, medium-voltage switchgear, shore power infrastructure, wharf repairs, hybrid fender installation, utility upgrades, and site access improvements.

What will the $20.2M Palmdale Water Reclamation project for SHIM deliver?

The project includes influent pumping and electrical upgrades, construction of a new utility building, and associated civil improvements to improve reliability and system performance.

How do Shimmick's (SHIM) Port of Los Angeles works support sustainability?

The berth project enables vessels to connect to shore power (AMP), reducing emissions while strengthening aging marine infrastructure.