Shimmick Corporation Announces Fourth Quarter and Fiscal Year 2024 Results
Shimmick Corporation (SHIM)
Company Research
Source: GlobeNewswire
IRVINE, Calif., March 13, 2025 (GLOBE NEWSWIRE) -- Shimmick Corp. (NASDAQ: SHIM), a leading water infrastructure company, today announced financial results for the fourth quarter and fiscal year ended January 3, 2025. Highlights Reported revenue of $104 million, which includes $80 million of Shimmick Projects revenue, for Q4 2024, and revenue of $480 million, which includes $356 million of Shimmick Projects revenue, for FY2024Reported liquidity of $100 million as of January 3, 2025, reflecting the positive outcomes of the Transformation Plan implemented in 2024. Further and on March 12, 2025, we entered into a new credit agreement which replaced the MidCap Revolving Credit Facility and provides a total commitment of $15 million.Recognized a net loss of $38 million and Adjusted EBITDA of $(27) million for Q4 2024, largely attributable to Legacy ProjectsBacklog is over $822 million as of January 3, 2025, with over 87% being Shimmick ProjectsProject wins in target markets and deliver
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SHIM
News
- Shimmick Preferred Bidder on $81.5 Million in Water and Electrical Projects in Los Angeles Market [Yahoo! Finance]Yahoo! Finance
- Shimmick Preferred Bidder on $81.5 Million in Water and Electrical Projects in Los Angeles MarketGlobeNewswire
- Shimmick (NASDAQ:SHIM) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Shimmick Corp (SHIM) Q3 2025 Earnings Call Highlights: Strategic Shifts Drive Core Growth ... [Yahoo! Finance]Yahoo! Finance
- Shimmick Corporation to Announce Third Quarter 2025 Financial Results on November 13, 2025GlobeNewswire
SHIM
Earnings
- 11/13/25 - Beat
SHIM
Sec Filings
- 12/11/25 - Form 144
- 12/4/25 - Form 4
- 12/2/25 - Form 4/A
- SHIM's page on the SEC website