---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-071493"
form_type: "8-K"
ticker: "SHIM"
cik: "0001887944"
company_name: "Shimmick Corp"
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T10:51:37.860068+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Shimmick Q3 2023: Net income $35M, adjusted EBITDA $42M, backlog $1.2B

## Summary
- Revenue $175M (-5% YoY); gross margin expanded 260 bps to 10.0%.
- Diluted EPS $1.58; adjusted diluted EPS $1.67.
- Adjusted net income $37M (+70% YoY); adjusted EBITDA $42M (+63% YoY).
- Backlog $1.2B as of Sept 29, 2023, driven by higher-margin water projects.
- CEO cites successful IPO and improved job-bidding strategy for profitability.

## SEC filing metadata
- accession: 0000950170-23-071493
- form_type: 8-K
- ticker: SHIM
- cik: 0001887944
- company_name: Shimmick Corp
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1887944/000095017023071493/0000950170-23-071493-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1887944/000095017023071493/shim-20231219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-071493
- JSON: https://secwatch.observer/filing/0000950170-23-071493.json
- Plain text: https://secwatch.observer/filing/0000950170-23-071493.txt

## Key facts
- Earnings Releases
  Shimmick Corp reported the third quarter ended September 29, 2023 results: revenue $175 million, net income $35 million, EPS $1.58.
  - Period: the third quarter ended September 29, 2023
  - Revenue: $175 million
  - Net income: $35 million
  - EPS: $1.58
  - Result: reported results
  source text: Shimmick Corp. Announces Third Quarter 2023 Results Third Quarter 2023 Financial Highlights • Revenue of $175 million • Net income attributable to Shimmick of $35 million • Diluted earnings per common share of $1.58
  evidence_url: https://www.sec.gov/Archives/edgar/data/1887944/000095017023071493/0000950170-23-071493-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.