Shimmick Corporation ( (SHIM) ) has released its Q2 earnings. Here is a breakdown of the information Shimmick Corporation presented to its investors.
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Shimmick Corporation is a prominent infrastructure solutions provider specializing in water, climate resilience, energy transition, and sustainable transportation, with a focus on delivering innovative and technology-driven projects.
In its second quarter of 2025, Shimmick Corporation reported a significant revenue increase of 42% year-over-year, reaching $128 million. The company also saw a notable improvement in gross margin, which rose to $8 million from a negative $31 million in the same quarter of the previous year.
The company’s core projects, referred to as Shimmick Projects, contributed significantly to the positive financial results, with a gross margin of $15 million. Meanwhile, Non-Core Projects continued to impact the overall performance negatively, although their gross margin improved compared to the previous year. Shimmick also launched a new subsidiary, Axia Electric, to expand its capabilities in electrical and power distribution solutions.
Despite reporting a net loss of $8 million, Shimmick’s financial outlook remains optimistic, with an increased backlog of $652 million and new project awards expected to bolster future performance. The company’s management anticipates continued growth in its core business and improved margins in the upcoming quarters.
Looking ahead, Shimmick Corporation’s management is focused on executing its strategic plan to enhance profitability and capitalize on the growing demand for sustainable infrastructure solutions, with expectations of strong backlog growth and improved financial metrics in the latter part of the year.
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