Core Insights - Shimmick Corp. reported a significant increase in revenue for Q2 2025, reaching $128 million, a 42% increase year-over-year, with $113 million attributed to Shimmick Projects [4][5][9] - The company is experiencing a positive trend in bidding activity, with a 12-month bidding outlook exceeding $4.5 billion, indicating strong future growth potential [3][4] - The gross margin improved to $8 million in Q2 2025, compared to a gross margin loss of $31 million in the same quarter of 2024, reflecting a 126% year-over-year improvement [5][6][10] Financial Performance - The net loss attributable to Shimmick Corporation decreased to $8 million for Q2 2025, down from a loss of $51 million in Q2 2024, marking a $43 million improvement [21][22] - Adjusted net loss for Q2 2025 was $5 million, significantly better than the adjusted net loss of $45 million in Q2 2024 [22][24] - Adjusted EBITDA for Q2 2025 was nearly flat at $(234) thousand, compared to $(40) million in Q2 2024, indicating operational improvements [23][24] Project Segmentation - Revenue from Shimmick Projects was $113 million for Q2 2025, up from $84 million in Q2 2024, driven by new infrastructure projects and a California Palisades fire clean-up project [9][10] - Non-Core Projects generated $16 million in revenue for Q2 2025, up from $7 million in Q2 2024, primarily due to the settlement of a claim on a large Non-Core Loss Project [12][13] - The gross margin for Shimmick Projects was $15 million in Q2 2025, compared to $5 million in Q2 2024, while Non-Core Projects had a gross margin loss of $7 million [10][13] Operational Efficiency - Selling, general, and administrative expenses decreased by 20% to $15 million in Q2 2025, attributed to the ongoing implementation of the Transformation Plan [5][15] - The company reported liquidity of $73 million as of July 4, 2025, an increase of $2 million from the first quarter of 2025 [5] - Backlog as of July 4, 2025, was approximately $652 million, with over 88% attributed to Shimmick Projects, indicating a strong pipeline of future work [5][24] Future Outlook - The company has increased its full-year revenue guidance due to stronger performance in both Shimmick and Non-Core Projects [24][28] - Shimmick Projects revenue is now expected to be in the range of $405 million to $415 million, while Non-Core Projects revenue is projected between $80 million and $90 million [28] - Adjusted EBITDA for the full year is anticipated to be between $5 million and $15 million, reflecting a more favorable operational outlook [24][28]

SAN ANTONIO, Aug. 14, 2025 /PRNewswire/ -- Corporate law firm Elder Bray & Bankler PC recently advised FGI Group, Inc. on its sale of Dynamic Systems to Quanta Services, Inc. (NYSE: PWR) for an upfront purchase price of $1.35 billion, and a potential earnout of up to $216 million. The upfront purchase price was paid in a mix of cash and publicly-traded stock of Quanta. For more information, please contact: Laura Boulanger [email protected] P: 210 424 4520 SOURCE Elder Bray & Bankler Elder Bray & Bankler is ...

Financial Performance - Net sales for Q2 2025 were $143.6 million, a 20% increase year-over-year[18] - Adjusted EBITDA for Q2 2025 increased by $42 million, or 514%, year-over-year, reaching $122 million[18] - New orders increased by 28% year-over-year, totaling $1758 million[19] - Backlog increased by 81% year-over-year, reaching $2699 million[19] - The company updated its 2025 guidance with net sales expected to be between $535 million and $555 million, adjusted EBITDA between $40 million and $44 million, and free cash flow between $15 million and $25 million[19] Segment Performance - Infrastructure Solutions net sales increased by 224% in Q2 2025[37] - Rail, Technologies, and Services net sales decreased by 112% in Q2 2025[31] - Precast Concrete sales improved 360%[40] - Protective Coatings improved 474%[40] Capital Management - Net debt decreased by $66 million year-over-year to $774 million[18] - The company repurchased 108,020 shares of common stock for $22 million, representing approximately 10% of outstanding shares[18]

Financial Data and Key Metrics Changes - Revenue grew by 21% in the quarter, with adjusted earnings per share increasing by 41% to $2.69 and adjusted EBITDA rising by 35% to $126 million [7][8] - Gross profit margin expanded by 400 basis points to 23.3%, and operating cash flow was strong at $85 million [8] - Backlog at the end of the quarter totaled $2 billion, a 24% year-over-year increase [9] Business Line Data and Key Metrics Changes - Infrastructure Solutions revenue grew by 29% year-over-year, with adjusted operating income increasing by 57% and operating margins reaching 28% [11][12] - Transportation Solutions revenue increased by 24%, with adjusted operating profit growing by 78% [13] - Building Solutions segment revenue declined by 1%, and adjusted operating income fell by 28% due to challenges in the housing market [14] Market Data and Key Metrics Changes - The data center market was a primary growth driver, with revenue from this market more than doubling year-over-year [12] - E-commerce distribution backlog saw a significant increase of nearly 700% in the quarter [36] - Transportation Solutions backlog was $715 million, reflecting a 5% year-over-year increase but a 17% sequential decline [13] Company Strategy and Development Direction - The company is focused on expanding its geographic footprint and enhancing service offerings through the acquisition of CEC Facilities Group [10][27] - The strategy emphasizes building upon existing strengths in high-margin markets and pursuing attractive growth opportunities [8][24] - The company aims to capture more value across the full life cycle of facilities by integrating services [10] Management's Comments on Operating Environment and Future Outlook - Management remains positive about the future, citing strong demand in e-infrastructure and transportation markets [8][22] - The company anticipates continued growth in e-infrastructure revenue of 18% to 20% and adjusted operating profit margins in the mid to high 20% range [24] - Building Solutions is expected to face challenges, with a forecasted mid to high single-digit decline in revenue [26] Other Important Information - The company has a strong liquidity position with $699.4 million in cash and a net debt balance of $401.2 million [19] - The guidance for 2025 has been increased, projecting revenue of $2.1 billion to $2.15 billion and adjusted EBITDA of $438 million to $453 million [20] Q&A Session Summary Question: Will significant data center projects land in core markets? - Management believes they are well-positioned for a large percentage of the data center capital coming out, with data centers now representing 62% of total backlog in e-infrastructure [34][35] Question: Will additional acquisitions be needed for expansion into Texas and the Northwest? - The company plans to pursue both organic growth and potential acquisitions to establish a presence in these markets [37][38] Question: How are mission-critical projects evolving? - Management is confident that margins will continue to expand due to the complexity and size of upcoming projects [44] Question: What is the status of e-commerce opportunities? - Several e-commerce projects are expected to start in the back half of the year, with larger warehouse projects anticipated to provide significant revenue [50] Question: What is the outlook for Building Solutions? - The segment is expected to face a low to mid-teens decline in the second half of the year, but management remains optimistic about maintaining margins [55]

Core Insights - Shimmick Corporation will release its second quarter 2025 financial results on August 14, 2025, after market close [1] - A video webcast conference call will be held at 5:00 p.m. Eastern Time on the same day to discuss the financial results [2] Company Overview - Shimmick is a leading provider of infrastructure solutions, focusing on complex projects in water, climate resilience, energy transition, and sustainable transportation [3] - The company integrates technical excellence with collaborative project delivery methods to offer innovative, technology-driven infrastructure solutions [3] - Shimmick has a history of over a century and is headquartered in California, combining deep engineering expertise with an entrepreneurial spirit to address complex infrastructure challenges [3]

Core Viewpoint - Quanta Services, Inc. has successfully acquired Dynamic Systems, a leading provider of mechanical and process infrastructure solutions, enhancing its capabilities in the technology, semiconductor, and healthcare markets [1][2][5]. Company Overview - Dynamic Systems, founded in 1988 and based in Austin, Texas, specializes in integrated turnkey mechanical solutions, including design, construction, and after-market services [1][9]. - The company has a workforce of approximately 2,400 employees and has established itself as one of the largest mechanical solutions providers in the U.S. [1][9]. Financial Highlights - The acquisition was valued at approximately $1.35 billion, comprising about $1.15 billion in cash and $200 million in Quanta common stock, with a potential earnout of up to $216 million based on performance targets [6]. - Dynamic Systems is projected to generate revenues of $1.0 billion to $1.1 billion and adjusted EBITDA of approximately $150 million to $170 million for the full year 2025 [2][6]. - For the remainder of 2025, Dynamic Systems is expected to contribute revenues of $425 million to $475 million and adjusted EBITDA of $45 million to $55 million [10]. - For the full year 2026, estimated contributions include revenues of $1.25 billion to $1.45 billion and adjusted EBITDA of $125 million to $175 million [10]. Strategic Fit and Synergies - The acquisition aligns with Quanta's strategy for sustainable growth and enhances its total addressable market across various strategic verticals [5][10]. - Dynamic Systems' strong reputation for client-focused solutions and a high percentage of repeat business (~80%) complements Quanta's existing operations [2][10]. - The integration is expected to be immediately accretive to Quanta's growth, cash flow conversion, and earnings per share, excluding expected synergies [4][10]. Management and Cultural Integration - Dynamic Systems' existing management team will remain in place, ensuring continuity and leveraging their expertise within Quanta's operational framework [3][10]. - Both companies share a commitment to excellence, integrity, and delivering complex projects, indicating a strong cultural fit [3][10].

Moving into 2025, the infrastructure solutions company Sterling Infrastructure (NASDAQ: NASDAQ: STRL ) experienced slight headwinds from double-digit revenue decline, primarily in the transportation segment. While the transportation segment revenue growth is expected to remain under pressure in the near term dueAs a finance enthusiast with experience in research, I am deeply engaged in studying diverse businesses, especially in the technology, industrial, and conglomerate sectors. I really like companies th ...

Core Insights - Shimmick Corp. reported a revenue of $122 million for Q1 2025, a slight increase from $120 million in Q1 2024, with a gross margin improvement from $(16) million to $5 million [4][5][20] - The company experienced a net loss of $10 million, significantly reduced from a net loss of $33 million in the same quarter last year, indicating improved operational performance [5][20] - Shimmick's backlog stands at approximately $740 million, with over 87% attributed to Shimmick Projects, reflecting strong demand in critical infrastructure sectors [5][20] Financial Performance - Revenue for Shimmick Projects was $93 million, up from $90 million year-over-year, driven by new projects and clean-up efforts [8][9] - Adjusted net loss improved to $(7) million from $(29) million year-over-year, with adjusted diluted loss per share at $(0.22) compared to $(1.15) [21][20] - Selling, general, and administrative expenses decreased by 11% to $14 million, attributed to the ongoing transformation plan [5][15] Project Segmentation - Shimmick Projects, focusing on water, climate resilience, energy transition, and sustainable transportation, showed a gross margin of $5 million, a significant recovery from $(1) million [9][12] - Legacy and Foundations Projects revenue decreased slightly to $29 million from $30 million, with a gross margin improvement from $(15) million to $(1) million [11][12] - The company is winding down Legacy Projects, which are expected to continue to decline in revenue throughout 2025 [10][11] Future Outlook - The company anticipates a strong bidding activity for the remainder of 2025, with nearly $2 billion in projects expected to come to market [5][22] - Guidance for Shimmick Projects revenue growth is projected between 10% to 15%, with overall gross margin expected between 9% and 12% [23] - Legacy Projects and Foundations Projects revenue is expected to be between $50 million and $60 million, with gross margins ranging from (5)% to (15)% as these projects are completed [23]

Company Announcement - Shimmick Corporation will release its first quarter 2025 financial results after market close on May 14, 2025 [1] - A video webcast conference call to discuss the results will be held at 5:00 p.m. Eastern Time on the same day [2] Company Overview - Shimmick is a leading infrastructure solutions provider specializing in complex projects related to water, climate resilience, energy transition, 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 track record spanning over a century and is headquartered in California [3]

CommScope Holding Company, Inc. (COMM) is scheduled to report first-quarter 2025 earnings on May 1, 2025. The Zacks Consensus Estimate for revenues and earnings is pegged at $1.11 billion and 8 cents per share, respectively. Over the past 60 days, earnings estimates for COMM for 2025 have decreased from 89 cents per share to 87 cents and for 2026 from $1.14 per share to $1.09.COMM Estimate TrendImage Source: Zacks Investment ResearchEarnings Surprise HistoryThe infrastructure solutions provider delivered a ...