Shimmick Corporation (SHIM)
NASDAQ:SHIM
Earnings Data
Report Date
May 19, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.22Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized a clear operational and financial turnaround: revenue modestly grew, project revenue rose 12%, project gross margins expanded to 10% (up ~400 bps), adjusted EBITDA turned positive ($5M vs. -$61M prior year), backlog strengthened to $793M with strong new‑award cadence and a robust pipeline. Management also highlighted tangible operational improvements (project controls, procurement, analytics) and specific near‑term opportunities (progressive design‑build and CM/GC projects). Remaining challenges include an ongoing adjusted net loss (-$15M), remaining noncore closeout risk, weather‑driven slower field activity and a portion of awards still pending execution ($234M), but overall the positives substantially outweigh the negatives.Company Guidance
Full‑Year Revenue and Project Revenue Growth
Consolidated revenue for FY2025 was $493 million (up $13 million or ~3% year‑over‑year). Shimmick projects revenue was $395 million, a 12% increase YoY, and now represented approximately 75% of total revenue, reflecting strategic shift to higher‑value work.
Material Gross Margin Improvement
Shimmick projects gross margin expanded to 10% for FY2025 (a ~400 basis point improvement vs. FY2024). Consolidated gross margin improved to $34 million (≈7% of revenue) for FY2025 versus a sizeable negative gross margin in 2024; Q4 gross margin swung to 10% from negative 20% in Q4 2024.
Adjusted EBITDA and Net Loss Turnaround
Adjusted EBITDA for FY2025 was $5 million versus negative $61 million in FY2024 (improvement of ~$66 million). Adjusted net loss narrowed to negative $15 million in 2025 from negative $81 million in 2024. Q4 adjusted EBITDA was $4 million versus negative $27 million in Q4 2024.
Backlog, Book‑to‑Burn and New Awards Momentum
Total backlog grew to $793 million at fiscal year end. Q4 new awards were significant (reported at ~$135–139 million), producing a Q4 book‑to‑burn of ~1.4x. Management reported $128 million added to backlog by end of Feb 2026 and an additional $234 million of preferred‑bidder/pending awards.
Robust Pipeline and Market Positioning
Management reports a 24‑month bidding pipeline supporting $600 million to $1 billion of bidding volumes per month. Focused geographies (California, Texas, Pacific Northwest) and growing traction in collaborative delivery methods (progressive design‑build and CM/GC) bolster long‑term opportunity.
Notable Contract Wins and Prospective Projects
Expected/announced opportunities include a ~ $55 million progressive design‑build wastewater project (Southern California) and a ~$200 million CM/GC project supporting Los Angeles Olympic‑era bus infrastructure. Active pursuits in data center and electrical work across Texas, Washington and Nevada were highlighted.
Operational Improvements and SG&A Discipline
Company strengthened project controls, procurement, and analytics (Power BI/AI tools), reduced attrition rates and improved procurement discipline. Q4 G&A was ~$11 million, down ~32% YoY (vs. $16 million in Q4 2024), and management expects to control SG&A as revenue scales.
Liquidity Position
Ended FY2025 with total liquidity of $44 million (cash and cash equivalents ~$20 million and ~$24 million available on credit facilities), which management indicates is sufficient to execute near‑term priorities.
SHIM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SHIM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 12, 2026 | $2.80 | $3.21 | +14.64% |
Nov 13, 2025 | $2.52 | $2.47 | -1.98% |
Aug 14, 2025 | $2.11 | $2.39 | +13.27% |
May 14, 2025 | $1.70 | $1.75 | +2.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Shimmick Corporation (SHIM) report earnings?
Shimmick Corporation (SHIM) is schdueled to report earning on May 19, 2026, After Close (Confirmed).
What is Shimmick Corporation (SHIM) earnings time?
Shimmick Corporation (SHIM) earnings time is at May 19, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is SHIM EPS forecast?
SHIM EPS forecast for the fiscal quarter 2026 (Q1) is -0.06.