Shimmick Corporation · NASDAQ:SHIM
Shimmick — Q1 2026 Earnings Presentation
14 slides from Shimmick's earnings presentation, May 14, 2026
Slide 1: Shimmick Corporation Q1 2026 Earnings Presentation
05.14.2026 SHIMMICK CORPORATION Q1 2026 EARNINGS PRESENTATION
Slide 2: Disclaimer
Disclaimer This presentation is being delivered on behalf of Shimmick Corporation (the “Company”). The sole purpose of this presentation is to provide information in connection with a review of the Company’s operations and/or financial status. This presentation does not purport to be all-inclusive o
Slide 3: Shimmick Overview
Shimmick Overview Shimmick is a leading contractor delivering complex infrastructure solutions across water, climate resilience, energy, and transportation • NASDAQ: SHIM | ~1,000 Employees | 8 States • Industry-leading self-perform capabilities across complex civil and electrical infrastructure • M
Slide 4: Q1 2026 Highlights
Q1 2026 Highlights • Revenue of $88M, with $96M(1) work put in place • Total gross margin of 12%, a 132% improvement vs PY • $2.6M Adjusted EBITDA, a $5.6M or 189% improvement vs PY • 3rd consecutive quarter of positive Adjusted EBITDA • 3rd consecutive quarter of backlog growth, with a book-to-burn
Slide 5: Our Market
Our Market Strong demand for our services continue in water/wastewater treatment, flood protection, water resources, and industrial electrical construction Our backlog and pipeline is resilient with diversified geographies, project types, and clients, giving us the ability to respond to changes in t
Slide 6: Backlog
Backlog • $289M Project Awards booked in Q1 2026 • $174M Project Awards were pending executed contract as of May ’26, spanning electrical and water projects, primarily located in California and Texas • $618M of New Awards booked in the past 3 quarters versus $300M in the prior 8 quarters • 3rd conse
Slide 7: Our Strategy at Work
Our Strategy at Work Improved execution through operational enhancements to increase net income as revenue grows • Experienced Leadership in place • Project controls and new technology utilization • Procurement centralized • Talent retention and acquisition advancements Lower risk, collaborative del
Slide 8: Q1 2026 Revenue & Gross Margin
Q1 2026 Revenue & Gross Margin Shimmick Projects Revenue(1) Shimmick Projects Gross Margin $99M $10M $96M Shimmick Projects gross margin improvement for $93M Q1’26 of 89% was driven by new projects ramping up $88M $5M Non-Core Projects revenue decrease reflects Chickamauga project termination and co
Slide 9: The Company Reaffirms 2026 FY Guidance
The Company Reaffirms 2026 FY Guidance Shimmick Consolidated Revenue $600M 2026 FY $493M $550M Shimmick Consolidated Revenue(1) between $550M and $600M, a 17% increase year-over-year at the midpoint 2025 FY 2026 FY Shimmick Consolidated Adjusted EBITDA Shimmick Consolidated Adjusted EBITDA $30M betw
Slide 10: Outlook
Outlook Strategic backlog investments are delivering results, with continued growth expected through 2026. Increased revenue will be largely driven by expansion of our electrical business and our growth in our key markets: California, Texas and the Pacific Northwest Core project margins are stable a
Slide 11: Appendix
Appendix | 4 « SHIMMICK 11
Slide 12: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations * Please refer to the following page for explanatory notes regarding non-GAAP financial measures. (1) Consists of transformation-related costs we have incurred including advisory costs in connection with settling outstanding claims in connection with exiting certain
Slide 13: Non-GAAP Financial Measures Explanatory Notes
Non-GAAP Financial Measures Explanatory Notes Adjusted Net Loss Adjusted EBITDA Adjusted net loss represents Net loss attributable to Shimmick Corporation Adjusted EBITDA represents our Net loss attributable to Shimmick Corporation before interest expense, income tax expense adjusted to eliminate st
Slide 14: Investor Contact
Investor Contact IR@shimmick.com (949) 704-2350 investors.shimmick.com