Shimmick Corporation reports third quarter revenue of $142 million
Reuters
Nov 14
Shimmick Corporation reports third quarter revenue of $142 million
Shimmick Corporation reported revenue of $142.0 million for the three months ended October 3, 2025, down from $166.0 million in the same period in 2024. Gross margin for the quarter was $11.0 million, compared to $12.0 million a year earlier. The company recorded a net loss attributable to Shimmick Corporation of $4.0 million, compared to a net loss of $2.0 million in the prior-year period. Adjusted EBITDA was $4.0 million for the quarter, down from $30.0 million in the same period last year. For the nine months ended October 3, 2025, revenue was $392.0 million, up from $377.0 million in 2024. Shimmick reaffirmed its full year 2025 guidance, expecting total revenue between $485.0 million and $505.0 million and consolidated adjusted EBITDA between $5.0 million and $15.0 million. The company noted a $17.0 million decrease in gain on sale of assets and a $1.0 million decrease in gross margin as main factors impacting net loss for the quarter.
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: GNW9575557-en) on November 13, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.