Shimmick Corporation (SHIM) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $1.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 29.03%. A quarter ago, it was expected that this company would post a loss of $0.29 per share when it actually produced a loss of $0.91, delivering a surprise of -213.79%.Over the last four quarters, the company has s ...

Shimmick Corporation (SHIM) Q1 2025 Earnings Call May 14, 2025 05:00 PM ET Speaker0 Good afternoon, and thank you for joining us today on today's conference call to discuss Shimick's first quarter twenty twenty five results. Slides for today's presentation are available on the Investor Relations section of our website, www.shimick.com. During this call, management will make forward looking statements based on current expectations and assumptions, which are subject to risks and uncertainties. Actual results ...

Earnings Presentation First Quarter 2025 May 2025 Delivering Sustainable Infrastructure Solutions 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 or to contain all of the information that prospective investors may desire in reviewing the Company. Other than sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 4, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | Trading | | | --- | --- | --- | | Title of each class | Symbol(s) | Name of each exchange on which registered | | Common Stock, par value $0.01 per share | SHIM | NASDAQ | Indicate by chec ...

Exhibit 99.1 Shimmick Corporation Announces First Quarter 2025 Results Irvine, CA, May 14, 2025 – Shimmick Corp. (NASDAQ: SHIM), a leading infrastructure solutions provider in water, climate resilience, energy transition and sustainable transportation, today announced financial results for the first quarter ended April 4, 2025. Highlights "Our business model continues to prove resilient amid broader macroeconomic factors such as tariffs and supply chain pressures, reflecting both the strength of our discipl ...

IRVINE, Calif., May 14, 2025 (GLOBE NEWSWIRE) -- Shimmick Corp. (NASDAQ: SHIM), a leading infrastructure solutions provider in water, climate resilience, energy transition and sustainable transportation, today announced financial results for the first quarter ended April 4, 2025. Highlights Reported revenue of $122 million, which includes $93 million of Shimmick Projects revenueReported gross margin of $5 million, as compared to gross margin of $(16) million during the first quarter of 2024Reported selling, ...

Company Announcement - Shimmick Corporation will release its first quarter 2025 financial results after market close on May 14, 2025 [1] - A video webcast conference call to discuss the results will be held at 5:00 p.m. Eastern Time on the same day [2] Company Overview - Shimmick is a leading infrastructure solutions provider specializing in complex projects related to water, climate resilience, energy transition, and sustainable transportation [3] - The company integrates technical excellence with collaborative project delivery methods to provide innovative, technology-driven infrastructure solutions [3] - Shimmick has a track record spanning over a century and is headquartered in California [3]

Core Points - Shimmick Corporation has appointed Todd Yoder as Executive Vice President and Chief Financial Officer, effective April 14, 2025, while Amanda Mobley has been appointed Chief Accounting Officer [1][2][3] Group 1: Leadership Changes - Todd Yoder brings extensive financial leadership experience from the construction industry and has held senior finance roles at publicly traded companies, making him a valuable addition to Shimmick's executive team [2] - Amanda Mobley, who served as interim CFO since June 2024, has been recognized for her contributions during a transformative period for the company and will continue to support the finance department in her new role [3] Group 2: Company Overview - Shimmick Corporation is a leading provider of infrastructure solutions, focusing on complex projects in water, climate resilience, energy transition, and sustainable transportation [4] - The company integrates technical excellence with collaborative project delivery methods to offer innovative, technology-driven infrastructure solutions that promote economic growth and empower communities [4]

Financial Risks and Conditions - The company may be required to make additional payments to AECOM under certain contractual arrangements, which could adversely impact its business [109]. - AECOM serves as the credit support provider for surety bonds related to the company's Legacy Projects; any financial distress at AECOM could materially affect the company's operations [110]. - The company is dependent on a limited number of customers, and the loss of business from any significant customer could materially affect its financial condition [118]. - The company may need to raise additional capital for working capital, capital expenditures, and acquisitions, which could impair operational capabilities if not obtained on favorable terms [137]. - The company’s financial results could be impacted by uncertainty in U.S. trade policy, including changes in tariffs and trade agreements [154]. - The company may face challenges in meeting financial covenants due to events beyond its control, which could lead to an event of default under debt agreements [136]. - Changes in tax laws could increase the company's tax burden and adversely affect its financial condition [164]. - The company has incurred increased costs associated with being a public entity, including compliance with Sarbanes-Oxley Act requirements, which diverts management's focus from revenue-generating activities [173]. - The company may face legal proceedings and liability claims that could reduce profits and impact cash flow [165]. Operational Risks - The timing of project awards is unpredictable and can significantly impact the company's revenue and earnings, as a substantial portion of revenue is generated from large-scale project awards [112]. - The company may incur costs related to maintaining equipment and work crews in anticipation of future contracts, which could adversely affect anticipated profits if contracts are delayed [113]. - Delays in revenue, earnings, and cash flows can occur due to various factors, including adverse weather conditions and labor shortages, impacting current and future results [114]. - Strikes or work stoppages, despite existing agreements prohibiting them, could negatively impact operations and customer relationships [119]. - The company relies on third-party subcontractors and suppliers for materials, and any inability to secure these could impair contract completion and profitability [121]. - The company is exposed to operational risks related to occupational health and safety, which could result in significant liabilities and impact profitability [163]. Economic and Market Conditions - Continuing inflation and elevated interest rates could negatively impact the company's financial condition and results of operations if costs cannot be offset through price increases [153]. - Deterioration of the U.S. economy could negatively affect government funding for infrastructure projects, impacting the company's financial condition and operations [171]. - The company is exposed to significant commodity price fluctuations, including cement, steel, and diesel fuel, which could adversely affect financial condition and results of operations [151]. Environmental and Regulatory Risks - The company is subject to stringent environmental laws and regulations, which could significantly increase climate-related costs and disclosure obligations if new emissions regulations are implemented [156]. - The company may incur substantial liabilities for remediating contaminated properties, which could expose it to material losses and increased operational costs [157]. - Non-compliance with environmental laws could result in severe penalties, including administrative, civil, or criminal sanctions, and may disrupt operations [158]. - The company faces risks related to climate change, including increased costs for energy, production, and compliance with new regulations, which could adversely impact operations [167]. Corporate Governance and Internal Controls - The controlling stockholder owns over 60% of the outstanding shares, allowing substantial influence over corporate matters [175]. - The company does not anticipate paying any cash dividends in the foreseeable future, focusing on retaining funds for business development [177]. - The company is classified as a "controlled company" under Nasdaq and SEC rules, which may limit certain corporate governance protections for stockholders [176]. - As of January 3, 2025, the company has identified material weaknesses in its internal control over financial reporting [187]. - The company has hired additional accounting and finance staff to address identified material weaknesses and improve financial reporting processes [188]. - The company may incur additional expenses if it becomes subject to Section 404(b) of the Sarbanes-Oxley Act, which requires an independent audit of internal controls [185]. - The company has not yet complied with certain provisions of the Sarbanes-Oxley Act, which could affect investor confidence in financial statements [184]. - The company may take advantage of exemptions from certain disclosure requirements, potentially making its financial statements less comparable to those of other public companies [194]. - The company is classified as a "smaller reporting company" under the Exchange Act, thus market risk disclosures are not applicable [325]. Technology and Cybersecurity Risks - Cybersecurity risks are heightened due to the rapid evolution of technology, which may lead to significant costs for maintaining security systems [143]. - The company relies on IT systems for operations, and any disruption or failure could materially affect business performance and financial condition [141].

Group 1: Company Overview - Shimmick Corporation (SHIM) has experienced significant selling pressure, resulting in a stock price decline of 22.7% over the past four weeks, but it is now considered to be in oversold territory [1] - Wall Street analysts anticipate that SHIM will report better earnings than previously predicted, indicating potential for recovery [1] Group 2: Technical Analysis - The Relative Strength Index (RSI) is a key technical indicator used to identify oversold stocks, with a reading below 30 typically indicating oversold conditions [2] - SHIM's current RSI reading is 29.44, suggesting that the heavy selling may be exhausting itself and a trend reversal could be imminent [5] Group 3: Fundamental Analysis - There has been a strong consensus among sell-side analysts to raise earnings estimates for SHIM, leading to a 32.2% increase in the consensus EPS estimate over the last 30 days [6] - An upward trend in earnings estimate revisions is generally associated with price appreciation in the near term, supporting the case for a potential rebound in SHIM's stock price [6] Group 4: Analyst Ratings - SHIM currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further indicating a potential turnaround [7]