Shimmick Corporation (SHIM) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +75.00%. A quarter ago, it was expected that this company would post a loss of $0.16 per share when it actually produced a loss of $0.14, delivering a surprise of +12.5%.Over the last four quarters, the company ha ...

Shimmick Corporation (NasdaqCM:SHIM) Q3 2025 Earnings Call November 13, 2025 04:30 PM ET Speaker3Welcome to Shimmick's Third Quarter 2025 financial results. All participants will be in a listen-only mode until the question-and-answer session begins. As a reminder, this conference call is being recorded. If you have any objections, please disconnect at this time. I would now like to turn the call over to the Investor Relations team.Good afternoon, and thank you for joining us on today's conference call to di ...

SHIMMICK CORPORATION Q3 2025 Earnings Presentation November 13, 2025 DISCLAIMER This presentation is being delivered on behalf of Shimmick Corporation (the "Company"). The sole purpose of this presentation is to provide information in connection with a review of the Company's operations and/or financial status. This presentation does not purport to be all-inclusive or to contain all of the information that prospective investors may desire in reviewing the Company. Other than statements of historical fact, a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 3, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-41867 Shimmick Corporation (Exact Name of Registrant as Specified in its Charter) Delaware 84-3749368 ( State or other jurisdiction of incorporation or organizati ...

Exhibit 99.1 Shimmick Corporation Announces Third Quarter 2025 Results Irvine, CA, November 13, 2025 – Shimmick Corp. (NASDAQ: SHIM), a leading infrastructure solutions provider in water, electrical and other critical infrastructure construction services, today announced financial results for the third quarter ended October 3, 2025. Third Quarter 2025 and Recent Highlights "Our transformation is clearly gaining momentum, supported by strong execution and solid operating performance," said Ural Yal, Chief Ex ...

IRVINE, Calif., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Shimmick Corp. (NASDAQ: SHIM), a leading infrastructure solutions provider in water, electrical and other critical infrastructure construction services, today announced financial results for the third quarter ended October 3, 2025. Third Quarter 2025 and Recent Highlights Reported revenue of $142 million, with $107 million coming from Shimmick Projects Shimmick Projects revenue up 6% year over yearTotal revenue up 5% year over year when excluding the one-tim ...

Core Viewpoint - Shimmick Corporation will release its third quarter 2025 financial results on November 13, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results will be discussed in a video webcast conference call at 4:30 p.m. Eastern Time on the same day [2] - The conference call will be live-streamed via the Company's Investor Relations website, and a replay will be available shortly after the call [2] Group 2: Company Overview - Shimmick is a leader in delivering turnkey infrastructure solutions across critical markets such as water, energy, climate resiliency, and sustainable transportation [3] - The company integrates technical excellence with collaborative project delivery methods to provide innovative, technology-driven infrastructure solutions [3] - Shimmick has a history of over a century and combines deep engineering heritage with an entrepreneurial spirit to address complex infrastructure challenges [3]

Core Insights - Shimmick Corporation has secured approximately $78 million in new contracts for two significant infrastructure projects, the Santa Monica Pier Bridge Replacement and the Renton Transit Center, showcasing its expertise and growth on the West Coast [1][2]. Project Summaries - The Santa Monica Pier Bridge Replacement Project is valued at $29.6 million and involves replacing the 85-year-old Colorado Avenue Bridge, which is the sole access point to the Santa Monica Pier. The project includes constructing a new bridge, demolishing the old one, enhancing pedestrian access, and restoring the historic Santa Monica Pier Arched Neon Sign. The work is set to begin in Q4 2025 and is expected to be completed before the 2028 Los Angeles Summer Olympics [3]. - The Renton Transit Center Project, valued at $48.2 million, focuses on constructing a modern transit center in Renton, Washington. This project will feature a new bus bay island with eight active bays, a Battery Electric Bus (BEB) equipment yard, and roadway improvements to establish a dedicated bus-only lane. This initiative aims to enhance commuter mobility, reduce congestion, and support long-term sustainability goals for Sound Transit [4]. Company Overview - Shimmick Corporation is a leader in providing turnkey infrastructure solutions across various sectors, including water, energy, climate resiliency, and sustainable transportation. The company combines technical excellence with collaborative project delivery to offer innovative, technology-driven solutions that foster economic growth and empower communities [5].

Core Insights - Shimmick Corporation reported a quarterly loss of $0.14 per share, which was better than the Zacks Consensus Estimate of a loss of $0.16, marking an earnings surprise of +12.50% [1] - The company generated revenues of $128.4 million for the quarter ended June 2025, exceeding the Zacks Consensus Estimate by 6.03% and showing significant growth from $90.61 million a year ago [2] - The stock has underperformed, losing about 15.4% since the beginning of the year, while the S&P 500 has gained 10% [3] Financial Performance - Over the last four quarters, Shimmick Corporation has surpassed consensus EPS estimates three times [2] - The current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $132.8 million, while for the current fiscal year, the estimate is -$0.25 on revenues of $491 million [7] Industry Context - Shimmick Corporation operates within the Waste Removal Services industry, which is currently ranked in the bottom 24% of over 250 Zacks industries [8] - The performance of the stock may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

Financial Data and Key Metrics Changes - For Q2 2025, the company reported revenues of $128 million, a 42% increase from $91 million in Q2 2024 [17] - Gross margin improved to $8 million, up 126% from a negative gross margin of $31 million in Q2 2024 [18] - The net loss for Q2 2025 was $8 million, significantly improved from a net loss of $51 million in Q2 2024 [20] - Adjusted EBITDA was nearly flat at negative $234,000 compared to negative $40 million in Q2 2024 [21] Business Line Data and Key Metrics Changes - Revenue from Chimik projects was $113 million, up 35% from $84 million in the previous year [17] - Non-core project revenue increased by 129% to $16 million, driven by a claim settlement from a large non-core loss project [18] - Gross margin on Chimik projects was $15 million, a 226% increase from $5 million in Q2 2024 [19] Market Data and Key Metrics Changes - The company’s total liquidity position at the end of Q2 2025 was $73 million, a $2 million increase from Q1 2025 [21] - The backlog at the end of Q2 2025 was $652 million, with Chimik projects representing 88% of the total backlog [21] Company Strategy and Development Direction - The company is focusing on a revamped strategy aimed at improving margins through projects aligned with core competencies and operational discipline [5][6] - A new electrical subsidiary, Axi Electric, was announced to target growth markets in industrial, advanced manufacturing, and data center construction [10][11] - The company aims to increase the share of electrical work in its backlog to 30% by 2027 from approximately 17% currently [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing improved bidding activity and operational improvements [12][13] - The company is confident in its ability to scale quickly and capitalize on favorable market conditions [13] - Management noted that the operating environment has improved, with bidding activity recovering and a strong pipeline of projects [12] Other Important Information - The company expects to achieve consolidated adjusted EBITDA between $5 million and $15 million for the full year 2025, down from initial guidance of $15 million to $25 million due to negative mix impacts [24] - The company is committed to a disciplined approach to bidding work that aligns with its strategic growth plan [22] Q&A Session Summary Question: Can you discuss the $4.5 billion pipeline and historical win rates? - The pipeline includes a mix of fixed price and negotiated contracts, with historical win rates around 15% for fixed price and 20% for negotiated contracts [30][32] Question: What are the current margins in backlog and future targets? - Current margins are improving, with a gradual increase expected as new work is won, targeting an average margin of around 14% moving forward [34][36] Question: How much non-core work is left for 2026? - There are two remaining non-core projects, with one expected to finish in Q4 2025 and the other in mid to late 2026 [38][39] Question: How is the company managing SG&A expenses? - The company aims to achieve an SG&A percentage of around 7.5% of revenue, with ongoing efforts to improve efficiency [62]