Shimmick Corporation Announces Fourth Quarter and Fiscal Year 2025 Results

About this update from Shimmick Corporation

[{"type":"text","content":"IRVINE, Calif., March 12, 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 fourth quarter and fiscal year ended January 2, 2026.","length":299,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Reported revenue of $100 million, which includes $84 million of Shimmick Projects revenue, for Q4 2025, and revenue of $493 million, which includes $397 million of Shimmick Projects revenue, for FY2025","length":201,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Shimmick Projects Q4 2025 revenue up 4% year over year","length":54,"tagName":"p"}]},{"val":[{"type":"text","content":"Shimmick Projects FY2025 revenue up 12% year over year","length":54,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":108,"olType":false}]},{"val":[{"type":"text","content":"Reported Q4 2025 gross margin of $10 million, all of which was driven by Shimmick Projects","length":90,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Shimmick Projects Q4 2025 gross margin up 462% year over year","length":61,"tagName":"p"}]},{"val":[{"type":"text","content":"Shimmick Projects FY2025 gross margin up 232% year over year","length":60,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":121,"olType":false}]},{"val":[{"type":"text","content":"Recognized a Q4 2025 net loss of $3 million, largely attributable to Non-Core Projects","length":86,"tagName":"p"}]},{"val":[{"type":"text","content":"Reported Q4 2025 Adjusted EBITDA of $4 million, our second consecutive quarter with positive EBITDA","length":99,"tagName":"p"}]},{"val":[{"type":"text","content":"Reported liquidity of $44 million as of January 2, 2026","length":55,"tagName":"p"}]},{"val":[{"type":"text","content":"Backlog is approximately $793 million as of January 2, 2026","length":59,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Q4 2025 Book-to-burn ratio of 1.4x, a 5% increase to backlog compared to Q3 2025","length":80,"tagName":"p"}]},{"val":[{"type":"text","content":"$139 million in new work was booked in Q4 2025, with Shimmick Projects representing over 89% of total b...

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