Shimmick sees FY25 revenue up 10%-15%

Sees FY25 gross margin 9%-12%. Sees FY25 adjusted EBITDA $15M-$25M. The company said, “Shimmick (SHIM) has a great opportunity for sustained growth in the near and mid-term with market conditions closely matching our core skillset. Following the resolution of legacy issues in 2024, we are going into 2025 with strong liquidity and a lower-risk portfolio. Most importantly, we have a comprehensive strategy to take advantage of an expanded pipeline of opportunities, improve our backlog and project performance and invest in our people and we have already made substantial progress in the last three months. I am looking forward to a strong 2025 for our company.”