Shimmick (NASDAQ:SHIM) Issues Earnings Results

Shimmick (NASDAQ:SHIM) released its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02), FiscalAI reports. The business had revenue of $100.41 million during the quarter, compared to the consensus estimate of $110.90 million.

Here are the key takeaways from Shimmick’s conference call:

• Shimmick reported a material turnaround in 2025 with consolidated revenue of $493M, consolidated gross margin of 7%, and adjusted EBITDA of $5M, a large improvement from 2024 losses.
• Backlog and pipeline strengthened — backlog ended at $793M with book-to-burn above 1, $139M in Q4 awards, $128M added in Feb 2026, and $234M in preferred-bidder positions that could convert soon.
• 2026 guidance targets revenue growth of 12–22% (~$550–$600M) and adjusted EBITDA of $15–$30M, indicating expected margin expansion and continued recovery.
• Management has largely wound down legacy non-core work (non-core revenue down to $96M, ~90% complete), which should remove a major drag on margins and improve mix toward higher-margin Shimmick projects.
• Remaining risks include modest liquidity ($44M), weather-driven slow starts and slower-than-expected project ramps, pending contract negotiations for sizable awards, and residual end-of-project overrun risk that could pressure near-term results.

Shimmick Stock Up 14.6%

NASDAQ:SHIM opened at $3.21 on Friday. Shimmick has a 12 month low of $1.30 and a 12 month high of $4.47. The company’s 50-day moving average price is $3.67 and its two-hundred day moving average price is $3.01. The firm has a market cap of $114.95 million, a PE ratio of -4.40 and a beta of 0.57.

More Shimmick News

Here are the key news stories impacting Shimmick this week:

• Positive Sentiment: Roth MKM upgraded SHIM from “neutral” to “buy” with a $5.00 price target (implies ~52% upside from recent levels), signaling institutional support that likely pushed buyer interest. Finviz – Roth MKM upgrade
• Positive Sentiment: Company raised FY2026 revenue guidance to $550M–$600M, above consensus (~$526.9M), giving investors a clearer path to top-line improvement and supporting higher valuation expectations. MarketBeat – Guidance
• Positive Sentiment: Management outlined stabilized backlog and targets for 12%–22% revenue growth and $15M–$30M of EBITDA in 2026, which materially improves the company’s medium-term profitability outlook. Seeking Alpha – Growth & EBITDA targets
• Neutral Sentiment: Earnings call and slide materials emphasized “strong project revenue growth” and provided detail on backlog composition — useful for modeling but not an immediate cash catalyst. Yahoo – Call highlights
• Neutral Sentiment: Full transcripts and the company press release/slide deck are available for deeper review; they clarify assumptions behind guidance but require modeling to quantify impact. Seeking Alpha – Transcript Slide Deck
• Negative Sentiment: Q4 reported EPS of ($0.07) and revenue of $100.41M missed consensus (EPS -$0.05; revenue ~$110.9M), a near-term earnings disappointment that explains some selling pressure before the recovery. GlobeNewswire – Q4 results

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SHIM shares. Craig Hallum upgraded Shimmick from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Monday, January 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Shimmick in a research report on Monday, December 29th. Finally, Roth Mkm upgraded Shimmick from a “neutral” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Friday. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.50.

About Shimmick

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects. It serves federal, state, and local governments. The company was formerly known as SCCI National Holdings, Inc and changed its name to Shimmick Corporation in September 2023.