Q1 2026 Shimmick Corp Earnings Call Transcript

May 14, 2026 / 08:30 PM GMT

Release Date Price: $5.02 (+8.19%)

Transcript 10-Q8-K

Key Points

Positve

Shimmick Corp (SHIM) reported a significant improvement in gross margin, reaching 11%, an 89% increase over the previous year.
The company achieved its highest book-to-burn ratio since going public, indicating strong demand and improved project quality.
Shimmick Corp (SHIM) has successfully reduced non-core projects to less than 5% of its total backlog, allowing for better focus on core priorities.
The company has a robust 24-month pipeline with expected bidding volumes of $600 million to $1 billion per month.
Shimmick Corp (SHIM) is seeing strong momentum in its core geographies, particularly in Texas, and is expanding its presence in the data center market.

Negative

Shimmick Corp (SHIM) experienced a decrease in consolidated revenue for Q1 2026, reporting $88 million compared to $122 million in Q1 2025.
The termination of the Chickamauga Lock Replacement Project resulted in a significant reduction in non-core project revenue.
The company reported a net loss of $4 million for Q1 2026, although this was an improvement from a $10 million loss in Q1 2025.
Higher commodity costs and supply chain issues are being factored into new project pricing, which could impact future margins.
The winding down of legacy projects has been a drag on cash flow, although improvements are expected as new projects ramp up.

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

SHIM.OQ - Shimmick Corp
Q1 2026 Shimmick Corp Earnings Call
May 14, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, and thank you for joining us on today's conference call to discuss Schimek's first quarter 2026 results. Slides for today's presentation are available on the Investor Relations section of our website, www.schimek.com.

During this conference call, management will make forward-looking statements based on current expectations and assumptions, which are subject to risks and uncertainties.

Actual results could differ materially from our forward-looking statements if any of our key assumptions are incorrect. We identify the principal risks and uncertainties that may affect our performance in our reports and filings with the Securities and Exchange Commission, which can also be found on our investor relations website.

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