Shimmick Corp
Shimmick is a California-headquartered infrastructure contractor that delivers construction, rehabilitation, upgrade, operations and maintenance services for public-sector customers and private clients, including government agencies, water and wastewater districts, transit authorities, developers and utilities. Its work includes water and wastewater treatment plants, desalination, dams, reservoirs, flood-control systems, mass transit, bridges, military infrastructure and projects related to climate resilience, energy transition and data centers. Shimmick serves as a prime contractor or subcontractor and self-performs many projects. It earns income by performing construction and related services under project contracts, including collaborative contracts with preconstruction and construction phases. Its electrical subsidiary, Axia Electric, provides low- and medium-voltage electrical and power distribution solutions, commissioning, and operations and maintenance services.
No SEC Form 4 filings for $SHIM in the last 30 days.
See all $SHIM insider activity →Shimmick (SHIM) reported $10M in operating cash flow, its first positive quarter since Q4 2024. Liquidity rose to $53M, with backlog at $907M and pending awards at $401M. The company expects positive cash flow for 2027 and narrowed its 2026 revenue and EBITDA guidance.
Shimmick Corp (SHIM) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Shimmick Corporation Announces Third Quarter 2026 Results Irvine, CA, November 12, 2026 – Shimmick Corp. (NASDAQ: SHIM), a leading infrastructure solutions provider in water, electrical and other critical infrastructure construction services, today announced financia
Shimmick Corp secured a $14.3M equipment-backed loan at 9.31% from Sixty-First Commercial Finance, maturing in 2031. The company also refinanced and amended other credit facilities to streamline documentation and improve liquidity.
Over the past 7 days, AlphAI's AI scored 5 news stories mentioning SHIM (Shimmick Corp). Coverage has skewed bullish: 5 bullish, 0 neutral, and 0 bearish.
Recent SHIM coverage spans earnings, financial news and corporate actions.
Guidance tightening suggests modest upside potential as cash flow turns positive and backlog remains strong.
Earnings beat and return to profitability suggest modest upside.
The loan adds liquidity but increases debt cost, likely weighing on the stock.
The new loan adds modest debt and may slightly increase financing costs for the company.
Guidance implies a cleaner margin profile and stronger 2H execution, with backlog visibility near $991M and gross margin around 12%.
AlphAI scores every news story that mentions SHIM with an AI model for sentiment and relevance, and aggregates insider trades from Shimmick Corp's SEC EDGAR Form 4 filings. Figures refresh continuously.
Shimmick (SHIM) reported $10M in operating cash flow, its first positive quarter since Q4 2024. Liquidity rose to $53M, with backlog at $907M and pending awards at $401M. The company expects positive cash flow for 2027 and narrowed its 2026 revenue and EBITDA guidance.
Shimmick Corp (SHIM) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Shimmick Corporation Announces Third Quarter 2026 Results Irvine, CA, November 12, 2026 – Shimmick Corp. (NASDAQ: SHIM), a leading infrastructure solutions provider in water, electrical and other critical infrastructure construction services, today announced financia
Shimmick Corp secured a $14.3M equipment-backed loan at 9.31% from Sixty-First Commercial Finance, maturing in 2031. The company also refinanced and amended other credit facilities to streamline documentation and improve liquidity.
Shimmick Corp (SHIM) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01 Entry into a Material Definitive Agreement. On October 2, 2026 (the “Closing Date”), Shimmick Corporation (the “Company”), through its wholly-owned subsidiary Shimmick Construction Company, Inc. (the “Borrower”), and Sixty-First Commercial Finance, LLC (the “Lender”) en
Shimmick Corporation reported Q2 2026 consolidated revenue of $107 million and gross margin of 12%, citing noncore project wind-down and efficiency gains. Backlog rose to $991 million with 1.4x book-to-burn. Full-year 2026 guidance updated to revenue of $525 million to $575 million and adjusted EBITDA of $15 million to $30 million.
AECOM filed an amended Schedule 13D reporting beneficial ownership of Shimmick Corp common stock. AECOM reports 7,745,000 shares, or 18.7% of the class, based on 41,335,823 shares outstanding as of Aug. 7, 2026. It holds 6,708,051 shares directly and may acquire 1,036,949 within 60 days under an Escrow Services Agreement.
Shimmick Corp (SHIM) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Shimmick Corporation Announces Second Quarter 2026 Results Irvine, CA, August 10, 2026 – Shimmick Corp. (NASDAQ: SHIM), a leading infrastructure solutions provider in water, electrical and other critical infrastructure construction services, today announced financial
The U.S. Army Corps of Engineers terminated Shimmick from a $309 million Chickamauga Dam lock chamber contract, alleging the contractor failed to prosecute work diligently, maintain the schedule and correct deficiencies. The contract required completion by Jan. 27, 2026. The Corps said the overall project costs about $954 million and targets an operational navigation lock in 2028. Shimmick disputes the termination and plans to appeal within 90 days.
Shimmick (NASDAQ: SHIM) announced the pricing of an underwritten public offering of 3,730,000 common shares at $3.50 per share, aiming to raise approximately $12.2 million in net proceeds. These funds are intended for working capital and general corporate purposes. The offering includes a 30-day option for underwriters to purchase an additional 559,500 shares and is expected to close on May 26, 2026.
Shimmick Corp's Chief Operating Officer, Sarah Beth Tacker, has been granted two new Restricted Stock Unit (RSU) awards, totaling 88,652 RSUs and 26,596 RSUs. These RSUs will vest and convert into common stock based on her continued service, with vesting dates in May 2026 and April 2027. This insider activity indicates equity compensation rather than direct stock purchases or sales.
