Shimmick reports FY2023 revenue $633M, adjusted EPS $0.48; provides FY2024 guidance

Shimmick Corp

FY2023 revenue $633M; Shimmick Projects revenue $434M, up 24% YoY; Legacy Projects revenue $199M, down 36%.
GAAP diluted EPS -$0.11; adjusted diluted EPS $0.48; adjusted EBITDA $30M vs $47M prior year.
Backlog $1.1B; Shimmick Projects backlog grew 18% YoY; secured $200M+ water reclamation project.
FY2024 guidance: Shimmick Projects revenue growth 7-13% with 7-13% gross margin; Legacy revenue decline 45-55% with -5 to -10% gross margin.
Completed IPO in November 2023; net loss to Shimmick of $3M vs net income $4M in FY2022.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Shimmick Corp reported fourth quarter and full fiscal year ended December 29, 2023 results: revenue $633 million, net income $(3) million (net income for year), EPS $(0.11) per diluted share.

Period: fourth quarter and full fiscal year ended December 29, 2023
Revenue: $633 million
Net income: $(3) million (net income for year)
EPS: $(0.11) per diluted share
Result: reported results

Exact text from the filing

announced financial results for the fiscal year ended December 29, 2023. Fiscal Year 2023 Highlights • Completed Initial Public Offering in November 2023 • Reported revenue of $633 million, which includes $434 million of Shimmick Projects revenue, an increase of 24% for fiscal year 2023 compared to fiscal year 2022 • Diluted earnings per common share of $(0.11) •

View on SEC.gov

1047 earnings releases filed in the last 30 days. Browse all earnings releases →

Shimmick Corp filing history →

Source: SEC EDGAR

accession 0000950170-24-037605

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.