Shimmick (SHIM) - 2024 Q1 - Quarterly Results

Exhibit 99.1 Shimmick Corporation Announces First Quarter 2024 Results "Our first quarter results were adversely impacted by the timing of projects starts and delays and additional costs associated with the legacy loss projects," said Steve Richards, Chief Executive Officer of Shimmick. "While we still have work to do, we are making progress in simplifying and evolving the business as evident by recent actions taken to sell non-core assets and continue to wind down our existing Legacy Projects, which weighe ...