Shimmick Corporation Announces First Quarter 2024 Results [Yahoo! Finance]
Shimmick Corporation (SHIM)
Company Research
Source: Yahoo! Finance
First Quarter 2024 and Recent Highlights Reported revenue of $120 million, which includes $90 million of Shimmick Projects revenue Reported a net loss of $33 million with an Adjusted EBITDA loss of $24 million Continue to work down legacy backlog with revenue of $23 million, a decline from $56 million last year with a negative gross margin of $11 million, reflecting increases in the estimated cost to complete and ongoing legal costs Announced the sale of the assets related to non-core foundation drilling projects and an equipment yard that will raise approximately $39 million and reduce future capital expenditures Backlog is over $1.0 billion as of March 29, 2024, with 83% being Shimmick Projects Won several jobs in quarter including new ozonation water project and drainage system for over 10,000 acres. Shimmick will announce it expects to delay the filing of its Quarterly Report on Form 10-Q as a result of, among other things, on-going negotiations with MidCap regardin
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SHIM
News
- Shimmick Announces New Interim CFO to Further Deliver on its Transformation into a Water Infrastructure CompanyGlobeNewswire
- SHIMMICK ALERT: Bragar Eagel & Squire, P.C. is Investigating Shimmick Corporation on Behalf of Shimmick Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
- Shimmick Corporation Investors: Company Investigated by the Portnoy Law FirmGlobeNewswire
- Shimmick Takes Pivotal Steps to Further Advance Evolution as Leader in Water Infrastructure [Yahoo! Finance]Yahoo! Finance
- Shimmick Takes Pivotal Steps to Further Advance Evolution as Leader in Water InfrastructureGlobeNewswire
SHIM
Earnings
- 5/13/24 - Miss
SHIM
Sec Filings
- 6/28/24 - Form 8-K
- 6/28/24 - Form 8-K
- 6/27/24 - Form 4
- SHIM's page on the SEC website