Shimmick (NASDAQ:SHIM) Releases Earnings Results, Misses Expectations By $0.02 EPS

Shimmick (NASDAQ:SHIM) posted its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02), FiscalAI reports. The firm had revenue of $100.41 million for 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 Trading Up 6.8%

SHIM stock opened at $2.99 on Friday. The company has a market capitalization of $107.07 million, a P/E ratio of -1.68 and a beta of 0.57. The business has a 50 day simple moving average of $3.67 and a 200-day simple moving average of $3.01. Shimmick has a twelve month low of $1.30 and a twelve month high of $4.47.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SHIM shares. Roth Mkm upgraded shares of Shimmick from a “neutral” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of Shimmick in a research note on Monday, December 29th. Finally, Craig Hallum upgraded Shimmick from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.