• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Shimmick Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

    5/14/25 4:08:43 PM ET
    $SHIM
    Military/Government/Technical
    Industrials
    Get the next $SHIM alert in real time by email
    8-K
    false000188794400018879442025-05-142025-05-14

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

    FORM 8-K

    CURRENT REPORT

    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): May 14, 2025

    Shimmick Corporation

    (Exact name of Registrant as Specified in Its Charter)

    Delaware

    001-41867

    84-3749368

    (State or Other Jurisdiction

    of Incorporation)

    (Commission File Number)

    (IRS Employer

    Identification No.)

     

     

     

    530 Technology Drive

    Suite 300

    Irvine, CA

    92618

    (Address of Principal Executive Offices)

    (Zip Code)

    Registrant’s Telephone Number, Including Area Code: (833) 723-2021

    Not Applicable

    (Former Name or Former Address, if Changed Since Last Report)

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class

     

    Trading

    Symbol(s)

     

    Name of each exchange on which registered

    Common Stock, par value $0.01 per share

     

    SHIM

     

    NASDAQ

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

    Emerging growth company ☒

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     


     

    Item 2.02 Results of Operations and Financial Condition.

    On May 14, 2025, Shimmick Corporation (the "Company") issued a press release announcing financial results for the first quarter ended April 4, 2025. A copy of this press release ("Earnings Release") is furnished with this Current Report on Form 8-K as Exhibit 99.1.

    The information in this Item 2.02 and Exhibit 99.1 attached hereto is being furnished pursuant to Item 2.02 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

    The Company includes backlog and new awards data in the Earnings Release. Backlog is a measure of the total dollar value of work to be performed on contracts awarded and in progress. While backlog reflects work that is considered firm, cancellations, deferrals or scope adjustments may occur. Backlog is adjusted to reflect any known project cancellations, revisions to project scope and cost, and project deferrals. New awards measure the total dollar value of work to be performed on contracts executed in the period. Contracts that are in the process of negotiation or execution with the customer are not included and are recorded in the quarter they are executed.

     

    Item 9.01 Financial Statements and Exhibits.

     

     

    Exhibit

    Number

    Description

    99.1

     

    Press Release

    104

     

    Cover Page Interactive Data File, embedded within the Inline XBRL document, and included as Exhibit 101

     

     

     

    1


     

    SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

    Shimmick Corporation

    Date: May 14, 2025

    By:

    /s/ Todd W. Yoder

    Todd W. Yoder

    Executive Vice President, Chief Financial Officer and Treasurer

     

    2


    Get the next $SHIM alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $SHIM

    DatePrice TargetRatingAnalyst
    5/14/2024Buy → Hold
    Craig Hallum
    5/14/2024$9.00 → $3.50Buy → Neutral
    ROTH MKM
    12/11/2023$12.00Buy
    Craig Hallum
    12/11/2023$10.00Buy
    ROTH MKM
    More analyst ratings

    $SHIM
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Shimmick Corporation Announces First Quarter 2025 Results

      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, general and administrative expenses of $14 million, down 11% from the first quarter of 2024 as a result of the continued implementation of the transformation planRecognized a net l

      5/14/25 4:05:14 PM ET
      $SHIM
      Military/Government/Technical
      Industrials
    • Shimmick Corporation to Announce First Quarter 2025 Financial Results on May 14, 2025

      IRVINE, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- Shimmick Corporation ("Shimmick") (NASDAQ:SHIM), a leading infrastructure solutions provider specializing in complex water, climate resilience, energy transition, and sustainable transportation projects, today announced that the company will release its first quarter 2025 financial results after market close on Wednesday, May 14, 2025. Shimmick will also host a video webcast conference call to discuss those results at 5:00 p.m. Eastern Time on the same day. The conference call will be live-streamed via the Company's Investor Relations website (https://investors.shimmick.com/). A copy of the earnings call presentation will also be posted to

      5/12/25 2:48:06 PM ET
      $SHIM
      Military/Government/Technical
      Industrials
    • Shimmick Announces Chief Financial Officer Transition

      Todd Yoder Appointed Executive Vice President and Chief Financial Officer Interim Chief Financial Officer Amanda Mobley Appointed Chief Accounting Officer IRVINE, Calif., April 08, 2025 (GLOBE NEWSWIRE) -- Shimmick Corporation ("Shimmick" or the "Company") (NASDAQ:SHIM), a leading infrastructure solutions provider specializing in complex water, climate resilience, energy transition, and sustainable transportation projects, today announced the appointment of Todd Yoder as Executive Vice President ("EVP") and Chief Financial Officer ("CFO"), effective April 14, 2025. Amanda Mobley, interim CFO, has been appointed Chief Accounting Officer. "We are excited to welcome Todd to Shimmick as EVP

      4/8/25 8:00:24 AM ET
      $SHIM
      Military/Government/Technical
      Industrials

    $SHIM
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Herron J Brendan bought $51,877 worth of shares (17,000 units at $3.05) (SEC Form 4)

      4 - Shimmick Corp (0001887944) (Issuer)

      8/23/24 4:05:05 PM ET
      $SHIM
      Military/Government/Technical
      Industrials

    $SHIM
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by Shimmick Corporation

      SC 13D/A - Shimmick Corp (0001887944) (Subject)

      9/27/24 5:11:55 PM ET
      $SHIM
      Military/Government/Technical
      Industrials
    • Amendment: SEC Form SC 13D/A filed by Shimmick Corporation

      SC 13D/A - Shimmick Corp (0001887944) (Subject)

      6/26/24 5:04:29 PM ET
      $SHIM
      Military/Government/Technical
      Industrials
    • SEC Form SC 13D filed by Shimmick Corporation

      SC 13D - Shimmick Corp (0001887944) (Subject)

      5/24/24 4:30:06 PM ET
      $SHIM
      Military/Government/Technical
      Industrials

    $SHIM
    SEC Filings

    See more
    • SEC Form 10-Q filed by Shimmick Corporation

      10-Q - Shimmick Corp (0001887944) (Filer)

      5/14/25 4:10:20 PM ET
      $SHIM
      Military/Government/Technical
      Industrials
    • Shimmick Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Shimmick Corp (0001887944) (Filer)

      5/14/25 4:08:43 PM ET
      $SHIM
      Military/Government/Technical
      Industrials
    • SEC Form 144 filed by Shimmick Corporation

      144 - Shimmick Corp (0001887944) (Subject)

      5/2/25 4:30:52 PM ET
      $SHIM
      Military/Government/Technical
      Industrials

    $SHIM
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Goldsteen Mitchell B. sold $9,116 worth of shares (5,648 units at $1.61) (SEC Form 4)

      4 - Shimmick Corp (0001887944) (Issuer)

      5/14/25 5:15:16 PM ET
      $SHIM
      Military/Government/Technical
      Industrials
    • Director Goldsteen Mitchell B. sold $5,260 worth of shares (3,775 units at $1.39) (SEC Form 4)

      4 - Shimmick Corp (0001887944) (Issuer)

      5/9/25 4:26:14 PM ET
      $SHIM
      Military/Government/Technical
      Industrials
    • Director Goldsteen Mitchell B. sold $7,258 worth of shares (4,800 units at $1.51) (SEC Form 4)

      4 - Shimmick Corp (0001887944) (Issuer)

      5/7/25 4:50:44 PM ET
      $SHIM
      Military/Government/Technical
      Industrials

    $SHIM
    Leadership Updates

    Live Leadership Updates

    See more
    • Shimmick Announces Chief Financial Officer Transition

      Todd Yoder Appointed Executive Vice President and Chief Financial Officer Interim Chief Financial Officer Amanda Mobley Appointed Chief Accounting Officer IRVINE, Calif., April 08, 2025 (GLOBE NEWSWIRE) -- Shimmick Corporation ("Shimmick" or the "Company") (NASDAQ:SHIM), a leading infrastructure solutions provider specializing in complex water, climate resilience, energy transition, and sustainable transportation projects, today announced the appointment of Todd Yoder as Executive Vice President ("EVP") and Chief Financial Officer ("CFO"), effective April 14, 2025. Amanda Mobley, interim CFO, has been appointed Chief Accounting Officer. "We are excited to welcome Todd to Shimmick as EVP

      4/8/25 8:00:24 AM ET
      $SHIM
      Military/Government/Technical
      Industrials
    • Shimmick Announces New CEO

      Ural Yal Appointed CEO of Shimmick Steve Richards to Retire after Distinguished 43-Year Career   IRVINE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Shimmick Corp. (NASDAQ:SHIM), a leading water infrastructure company, today announced that it has appointed Ural Yal as its new CEO and member of the Board of Directors effective December 2, 2024. Mr. Yal succeeds Steve Richards as he retires following a distinguished 43-year career. Mr. Yal, 47, brings over 26 years of experience in water and critical infrastructure construction. Since joining in 2017, he served in various senior roles at Flatiron Construction, where he led teams and business units that won and executed large and compl

      11/12/24 7:30:02 AM ET
      $SHIM
      Military/Government/Technical
      Industrials
    • Shimmick Corporation Appoints Joe Del Guercio to Board of Directors

      IRVINE, Calif., Dec. 15, 2023 (GLOBE NEWSWIRE) -- Shimmick Corporation ("Shimmick") (NASDAQ:SHIM), a leading water infrastructure company, today announced the appointment of Joe Del Guercio to the Company's Board of Directors (the "Board"), effective on December 14, 2023. "We are extremely excited to have Joe join the Board of Directors. Joe's proven tracker in a multitude of investment and financial leadership roles will help guide Shimmick's growth strategy. Joe brings a strong aptitude of the capital markets to our Board and we will benefit from his guidance with the backdrop of the tailwinds we see in the water infrastructure sector. On behalf of the Board, I'd like to welcome Joe to

      12/15/23 8:00:00 AM ET
      $SHIM
      Military/Government/Technical
      Industrials

    $SHIM
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Shimmick Corp. downgraded by Craig Hallum

      Craig Hallum downgraded Shimmick Corp. from Buy to Hold

      5/14/24 9:46:05 AM ET
      $SHIM
      Military/Government/Technical
      Industrials
    • Shimmick Corp. downgraded by ROTH MKM with a new price target

      ROTH MKM downgraded Shimmick Corp. from Buy to Neutral and set a new price target of $3.50 from $9.00 previously

      5/14/24 8:18:29 AM ET
      $SHIM
      Military/Government/Technical
      Industrials
    • Craig Hallum initiated coverage on Shimmick Corp. with a new price target

      Craig Hallum initiated coverage of Shimmick Corp. with a rating of Buy and set a new price target of $12.00

      12/11/23 8:27:08 AM ET
      $SHIM
      Military/Government/Technical
      Industrials

    $SHIM
    Financials

    Live finance-specific insights

    See more
    • Shimmick Corporation Announces First Quarter 2025 Results

      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, general and administrative expenses of $14 million, down 11% from the first quarter of 2024 as a result of the continued implementation of the transformation planRecognized a net l

      5/14/25 4:05:14 PM ET
      $SHIM
      Military/Government/Technical
      Industrials
    • Shimmick Corporation to Announce First Quarter 2025 Financial Results on May 14, 2025

      IRVINE, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- Shimmick Corporation ("Shimmick") (NASDAQ:SHIM), a leading infrastructure solutions provider specializing in complex water, climate resilience, energy transition, and sustainable transportation projects, today announced that the company will release its first quarter 2025 financial results after market close on Wednesday, May 14, 2025. Shimmick will also host a video webcast conference call to discuss those results at 5:00 p.m. Eastern Time on the same day. The conference call will be live-streamed via the Company's Investor Relations website (https://investors.shimmick.com/). A copy of the earnings call presentation will also be posted to

      5/12/25 2:48:06 PM ET
      $SHIM
      Military/Government/Technical
      Industrials
    • Shimmick Corporation Announces Fourth Quarter and Fiscal Year 2024 Results

      IRVINE, Calif., March 13, 2025 (GLOBE NEWSWIRE) -- Shimmick Corp. (NASDAQ:SHIM), a leading water infrastructure company, today announced financial results for the fourth quarter and fiscal year ended January 3, 2025. Highlights Reported revenue of $104 million, which includes $80 million of Shimmick Projects revenue, for Q4 2024, and revenue of $480 million, which includes $356 million of Shimmick Projects revenue, for FY2024Reported liquidity of $100 million as of January 3, 2025, reflecting the positive outcomes of the Transformation Plan implemented in 2024. Further and on March 12, 2025, we entered into a new credit agreement which replaced the MidCap Revolving Credit Facility and pr

      3/13/25 4:05:17 PM ET
      $SHIM
      Military/Government/Technical
      Industrials