Q3 2025 Shimmick Corp Earnings Call Transcript

Nov 13, 2025 / 09:30 PM GMT

Release Date Price: $2.52 (+13.51%)

Transcript 10-Q8-K

Key Points

Positve

Shimmick Corp (SHIM) reported a 6% year-over-year increase in revenue from core projects, indicating successful strategic shifts.
The company achieved a significant improvement in gross margin on core projects, up 67% from the previous year.
Shimmick Corp (SHIM) has a strong liquidity position with $48 million at the end of the third quarter.
The company reported a book-to-burn ratio of 1.7, the highest in two years, reflecting strong backlog growth.
Shimmick Corp (SHIM) is seeing robust bidding activity, with a 12-month outlook of over $9 billion, particularly in water and electrical projects.

Negative

Total revenue for the third quarter decreased by 15% compared to the same period last year, primarily due to a one-time favorable claim settlement in 2024.
The company reported a net loss of $4 million for the quarter, compared to a $2 million loss in the previous year.
Non-core project revenue decreased by 46% year-over-year, impacting overall financial performance.
Adjusted EBITDA for the third quarter was significantly lower at $4 million, compared to $30 million in the third quarter of 2024.
The company anticipates non-core projects to account for a higher percentage of total revenue than initially expected, negatively impacting gross margins.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SHIM.OQ - Shimmick Corp
Q3 2025 Shimmick Corp Earnings Call
Nov 13, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to Shimmick's 3rd quarter 2025 financial results. All participants will be in a listen-only mode until the question-and-answer session begins. As a reminder, this conference call is being recorded. If you have any objections, please disconnect at this time. I would now like to turn the call over to the investor relations team.

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Unidentified_2 [2]
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Good afternoon and thank you for joining us on today's conference call to discuss SHIMI's 3rd quarter 2025 results. Slides for today's presentation are available on our investor relations section of our website www

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