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

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

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

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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

IRVINE, Calif., March 11, 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 fourth quarter and full year 2024 results after market close on Thursday, March 13, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international). A telephonic replay will be available approximately three hours after the call by dialing (87

IRVINE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Shimmick Corporation ("Shimmick") (NASDAQ:SHIM), a leading water infrastructure company, today announced that the company will release its third quarter 2024 results before market open on Tuesday, November 12, 2024, to be followed by a conference call at 8:30 a.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international). A telephonic replay will be available approximately three hours after the call by dialing (877)-660-6853, or for international callers, (201)-612-7415. The passcode for the live call and the replay is 13749091. The replay

IRVINE, Calif., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Shimmick Corporation ("Shimmick") (NASDAQ:SHIM), a leading water infrastructure company, today updated their earnings call date to review its earnings results on Friday, August 16, 2024 beginning at 8:30am ET. The call had previously been scheduled for Thursday, August 15, 2024. The Company will release its second quarter 2024 results after the market close on Thursday, August 15, 2024, as originally planned. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international). A telephonic replay will be available approximately three hours after the call by dialing (877)-660-6853,

IRVINE, Calif., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Shimmick Corporation ("Shimmick") (NASDAQ:SHIM), a leading water infrastructure company, today announced that the company will release its second quarter 2024 results after the market close on Thursday, August 15, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international). A telephonic replay will be available approximately three hours after the call by dialing (877)-660-6853, or for international callers, (201)-612-7415. The passcode for the live call and the replay is 13748447. The rep

IRVINE, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Shimmick Corporation ("Shimmick") (NASDAQ:SHIM), a leading water infrastructure company, today announced that the company will release its first quarter 2024 results after the market close on Monday, May 13, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international). A telephonic replay will be available approximately three hours after the call by dialing (877)-660-6853, or for international callers, (201)-612-7415. The passcode for the live call and the replay is 13746225. The replay wil

IRVINE, Calif., March 26, 2024 (GLOBE NEWSWIRE) -- Shimmick Corporation ("Shimmick") (NASDAQ:SHIM), a leading water infrastructure company, today announced that the company will release its fourth quarter and fiscal year 2023 results before the market open on Thursday, March 28, 2024, to be followed by a conference call at 8:30 a.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international). A telephonic replay will be available approximately three hours after the call by dialing (877)-660-6853, or for international callers, (201)-612-7415. The passcode for the live call and the replay is 1

IRVINE, Calif., Dec. 11, 2023 (GLOBE NEWSWIRE) -- Shimmick Corporation ("Shimmick") (NASDAQ:SHIM), a leading water infrastructure company, today announced that the company will release its third quarter 2023 results after the market close on Tuesday, December 19, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international). A telephonic replay will be available approximately three hours after the call by dialing (877)-660-6853, or for international callers, (201)-612-7415. The passcode for the live call and the replay is 13742958. The rep

Craig Hallum downgraded Shimmick Corp. from Buy to Hold

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

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

ROTH MKM initiated coverage of Shimmick Corp. with a rating of Buy and set a new price target of $10.00

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

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

IRVINE, Calif., March 11, 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 fourth quarter and full year 2024 results after market close on Thursday, March 13, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international). A telephonic replay will be available approximately three hours after the call by dialing (87

IRVINE, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Shimmick Construction Company, Inc. ("Shimmick"), a leader in critical infrastructure, water, and transit solutions, announced today that it has been awarded a key role in the North Hollywood to Pasadena Bus Rapid Transit (BRT) Project by Los Angeles Metropolitan Transportation Authority (LA Metro). Shimmick, with our partner Myers and Sons, as part of the Myers-Shimmick Joint Venture (MSJV), will serve as the Construction Manager/General Contractor (CM/GC) for the project's preconstruction services phase. The $8.26 million contract for preconstruction services approved on December 5, 2024, by the LA Metro Board of Supervisors, marks the b

IRVINE, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Shimmick Construction Company, Inc. ("Shimmick") (NASDAQ:SHIM), a leading water and critical infrastructure builder, today announce that it has been awarded a $45.4 million contract to complete extensive seismic retrofitting and improvements to the Murray Street Bridge at the Santa Cruz Small Craft Harbor. The project will improve the bridge's seismic resilience while enhancing accessibility for cyclists and pedestrians. "This project exemplifies Shimmick's commitment to delivering critical infrastructure that improves both public safety and connectivity and builds on our legacy of infrastructure improvements that serve communities f

IRVINE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Shimmick Corp. (NASDAQ:SHIM), a leading water infrastructure company, today announced financial results for the third quarter ended September 27, 2024. Third Quarter 2024 and Recent Highlights Settlement in the Company's Golden Gate Bridge ("GGB") Project which will result in $97 million of cash collected before the end of 2024 and is the last major outstanding legal claim related to its Legacy Projects.Announced the hiring of Ural Yal as Chief Executive Officer to replace Steve Richards who is retiring after a 43-year career.Reported revenue of $166 million, which includes $101 million of Shimmick Project revenue.Reported Shimmic

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

IRVINE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Shimmick Corporation ("Shimmick") (NASDAQ:SHIM), a leading water infrastructure company, today announced that the company will release its third quarter 2024 results before market open on Tuesday, November 12, 2024, to be followed by a conference call at 8:30 a.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international). A telephonic replay will be available approximately three hours after the call by dialing (877)-660-6853, or for international callers, (201)-612-7415. The passcode for the live call and the replay is 13749091. The replay

IRVINE, Calif., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Shimmick Corp. (NASDAQ:SHIM) ("Shimmick" or the "Company"), a leading water infrastructure company, today announced a settlement in its Golden Gate Bridge Project (the "GGB Project" or "project"). The litigation associated with this project was notably the Company's last major outstanding legal claim that related to its legacy projects. Under the terms of the settlement and through its joint venture with Danny's Construction Co. LLC, Shimmick/Danny's Joint Venture ("SDJV"), Shimmick will receive $97 million before the end of 2024 as reimbursement for costs incurred on the GGB Project. In addition, the outstanding scope of work will be redu

IRVINE, Calif., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Shimmick Corp. (NASDAQ:SHIM), a leading water infrastructure company, today announced financial results for the second quarter ended June 28, 2024. Second Quarter 2024 and Recent Highlights A settlement agreement on litigation on one of the two Legacy Loss Projects (a federal lock and dam project) which will result in $33 million in additional liquidity and eliminates the cost and distraction of prolonged litigationReported revenue of $91 million, which includes $84 million of Shimmick Projects revenue and a $23 million reduction in Legacy Projects revenue associated with the settlementReported a net loss of $51 million with an Adjusted

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