Shimmick reports Q3 adjusted EPS (1c), consensus (4c)

Reports Q3 revenue $141.92M, consensus $120.2M. “Our transformation is clearly gaining momentum, supported by strong execution and solid operating performance,” said Ural Yal, Chief Executive Officer of Shimmick (SHIM). “We surpassed $1 billion in monthly bidding volume for the first time ever this quarter, delivered consistent win rates, and grew our Shimmick Projects revenue and gross margin in the third quarter compared to the prior year quarter. Our book-to-burn ratio improved to 1.7x, resulting in backlog growth for the first time in over eight quarters, providing strong visibility into 2026.”