Logotype for Shimmick Corporation

Shimmick Corporation (SHIM) investor relations material

Shimmick Corporation Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Shimmick Corporation
Q2 2025 earnings summary14 Aug, 2025

Executive summary

  • Revenue for Q2 2025 rose 42% year-over-year to $128M, with $113M from core projects and gross margin improving to $8M from a $31M loss, driven by operational improvements and new project wins.

  • Net loss narrowed to $8.4M from $51.4M year-over-year, reflecting higher margins and lower SG&A expenses; adjusted EBITDA was nearly breakeven at -$234K.

  • SG&A expenses fell 20% year-over-year due to transformation initiatives, supporting margin improvement.

  • Backlog reached $652M, with 88% from core projects and $70M in new awards added in July; 85% of backlog expected to convert within 24 months.

  • Launched Axia Electric subsidiary to expand into higher-margin electrical, industrial, and data center markets.

Financial highlights

  • Q2 2025 revenue was $128M, up from $91M in Q2 2024; six-month revenue reached $251M, up 19% year-over-year.

  • Gross margin improved to $8.1M (6%) from -$31.1M (-34%) year-over-year; core project gross margin rose to $15M.

  • Net loss for the quarter was $8.4M, a substantial improvement from $51.4M loss year-over-year; adjusted net loss was $4.8M.

  • Adjusted EBITDA nearly breakeven at -$234K, versus -$40M last year.

  • Liquidity at $73M as of July 4, 2025, with $21M in cash and $52M in credit availability.

Outlook and guidance

  • Full-year 2025 core project revenue guidance raised to $405M–$415M, with gross margin expected between 9–12%.

  • Non-core project revenue guidance increased to $80M–$90M, with gross margin between -15% and -5%.

  • Consolidated adjusted EBITDA guidance lowered to $5M–$15M due to negative mix impact from non-core projects.

  • Margin improvement expected as non-core projects wind down and new higher-margin work ramps up.

  • Backlog of $652M provides strong revenue visibility, with 85% expected to convert within 24 months.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Shimmick Corporation earnings date

Logotype for Shimmick Corporation
Q3 202511 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Shimmick Corporation earnings date

Logotype for Shimmick Corporation
Q3 202511 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Shimmick Corporation specializes in delivering water and critical infrastructure solutions across the United States. The company undertakes a variety of projects, including water and wastewater treatment infrastructure, water storage and conveyance systems, and flood control systems. Additionally, Shimmick is involved in the construction of mass transit systems, bridges, and military infrastructure projects. The company serves federal, state, and local governments, leveraging its extensive experience in complex infrastructure projects to address the nation's growing demand for sustainable water solutions. The company is headquartered in Irvine, California, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage