Shimmick backs FY25 consolidated adjusted EBITDA view $5M-$15M

“We are seeing particularly strong traction in California and Texas markets, where our capabilities align well with growing water and electrical infrastructure demand,” Yal continued. “In addition, bid volumes in our electrical business, Axia, continue to increase, especially across water, manufacturing and data center markets, positioning us well for future success. With new bids and pending awards, we expect to see strong growth in our electrical backlog in the next two quarters. The progress we are seeing across our business reflects the strength of our strategy we implemented at the beginning of 2025, disciplined execution, and momentum building for sustained growth. With strong overall bidding activity, consistent execution and positive market conditions, we continue to be optimistic about 2026.”