Shimmick

SHIM

Market cap $145M

IRVINE, Calif., May 26, 2026 (GLOBE NEWSWIRE) -- Shimmick Corporation (NASDAQ: SHIM), a leading infrastructure solutions provider specializing in water, electrical, and other critical infrastructure construction services, today announced the successful closing of its previously announced underwritten public offering of 3,730,000 shares of its common stock at a public offering price of $3.50 per share.

IRVINE, Calif., May 22, 2026 (GLOBE NEWSWIRE) -- Shimmick Corporation (NASDAQ: SHIM), a leading infrastructure solutions provider in water, electrical and other critical infrastructure construction services, today announced the pricing of an underwritten public offering of 3,730,000 shares of its common stock at a price of $3.50 per share. The company has also granted to the underwriters a 30-day option to acquire an additional 559,500 shares to cover overallotments in connection with the offering. After the underwriting discount and estimated offering expenses payable by the company, the company expects to receive net proceeds of approximately $12.2 million, assuming no exercise of the overallotment option. The offering is expected to close on May 26, 2026, subject to customary closing conditions.

Shimmick Corporation delivered a positive 1Q26, with record backlog, improved margins, and reaffirmed guidance for substantial revenue and adjusted EBITDA growth this year. SHIM's valuation is more reasonable than before, but remains unattractive at 15–20x optimistic earnings, given ongoing risks inherent to EPC project profitability. Despite strong backlog and margin improvements, sustainability of growth and profitability depends on continued project wins and avoidance of cost overruns.

Shimmick NASDAQ: SHIM reported first-quarter 2026 results that management said reflected progress in its strategy to grow core revenue, improve project margins and reduce exposure to non-core work.

Shimmick Corporation (SHIM) Q1 2026 Earnings Call Transcript

Shimmick Corporation (SHIM) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to a loss of $0.22 per share a year ago.

IRVINE, Calif., May 14, 2026 (GLOBE NEWSWIRE) -- Shimmick Corp. (NASDAQ: SHIM), a leading infrastructure solutions provider in water, electrical and other critical infrastructure construction services, today announced financial results for the first quarter ended April 3, 2026.

IRVINE, Calif., May 04, 2026 (GLOBE NEWSWIRE) -- Shimmick Corporation (“Shimmick”) (Nasdaq: SHIM), a national leader in complex infrastructure solutions, today announced that the company will release its first quarter 2026 financial results after market close on Thursday, May 14, 2026.

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IRVINE, Calif., April 28, 2026 (GLOBE NEWSWIRE) -- Shimmick Corporation (“Shimmick”) (Nasdaq: SHIM), a national leader in complex infrastructure solutions, today announced the appointment of Sarah Tacker as the Executive Vice President and Chief Operating Officer, effective April 28, 2026.