Shimmick Corporation Reports Increased Revenue and Narrowed Loss; Adjusted EPS Improves from $(1.60) to $(0.14)

Reuters
Aug 15
Shimmick Corporation Reports Increased Revenue and Narrowed Loss; Adjusted EPS Improves from $(1.60) to $(0.14)

Shimmick Corporation has released its financial results, highlighting a significant improvement in revenue and a reduction in net loss. For the three months ended July 4, 2025, the company reported revenues of $128 million, up from $91 million in the same period of the previous year. The net loss attributable to Shimmick Corporation was $9 million, a notable improvement from the $51 million loss recorded in the prior year period. The company's gross margin also showed a positive trend, with an increase to $8 million from a negative $31 million in the previous year. Shimmick's adjusted EBITDA for the three months ended July 4, 2025, was $(0.2) million, compared to $(40) million for the three months ended June 28, 2024. In terms of outlook, Shimmick Corporation has updated its full-year 2025 fiscal guidance. The company now anticipates Shimmick Projects revenue to be in the range of $405 million to $415 million, an increase from its initial guidance of $392 million to $410 million. Additionally, Non-Core Projects revenue is expected to rise to between $80 million and $90 million, up from the earlier forecast of $50 million to $60 million. The overall gross margin for Shimmick Projects is projected to be between 9% and 12%, while Non-Core Projects are expected to have a gross margin between (15%) and (5%). Consolidated Adjusted EBITDA is now expected to be between $5 million and $15 million, down from the initial guidance of $15 million to $25 million. The company attributes these adjustments to stronger first-half revenue performance and increased efforts towards completing Non-Core Projects.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shimmick Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9512721-en) on August 14, 2025, and is solely responsible for the information contained therein.

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