Shimmick Corporation Reports Improved Q1 2025 Results

Shimmick Corporation ( (SHIM) ) has released its Q1 earnings. Here is a breakdown of the information Shimmick Corporation presented to its investors.

Shimmick Corporation is a prominent infrastructure solutions provider specializing in water, climate resilience, energy transition, and sustainable transportation, operating primarily in the United States.

In its first quarter of 2025, Shimmick Corporation reported a revenue of $122 million, marking a slight increase from the previous year. The company also saw an improvement in its gross margin, which rose to $5 million from a negative $16 million in the same period last year.

Key financial highlights include a reduction in selling, general, and administrative expenses by 11% compared to the first quarter of 2024, and a significant decrease in net loss to $10 million from $33 million. The company’s backlog stands at approximately $740 million, with a strong pipeline of projects expected to come to market in 2025.

Despite the challenges posed by legacy projects, Shimmick’s strategic focus on core capabilities in critical infrastructure sectors has positioned it well for future growth. The company anticipates a 10% to 15% increase in revenue from Shimmick Projects and expects adjusted EBITDA to range between $15 million and $25 million for the full fiscal year.

Looking ahead, Shimmick Corporation remains optimistic about its growth prospects, supported by a robust backlog and strong bidding activity in its core markets. The company’s management continues to focus on operational excellence and strategic transformation to capitalize on emerging opportunities in the infrastructure sector.