{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-037605","form_type":"8-K","ticker":"SHIM","cik":"0001887944","company_name":"Shimmick Corp","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.239598+00:00","generated_at":"2026-06-04T06:37:57.033433+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Shimmick reports FY2023 revenue $633M, adjusted EPS $0.48; provides FY2024 guidance","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-037605","json":"https://secwatch.observer/filing/0000950170-24-037605.json","markdown":"https://secwatch.observer/filing/0000950170-24-037605.md","text":"https://secwatch.observer/filing/0000950170-24-037605.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1887944/000095017024037605/0000950170-24-037605-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1887944/000095017024037605/shim-20240328.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T06:37:57.033433+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"34d501e7d6dfc65194681c495f342b5b4f9e3511","claim":"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.","evidence_excerpt":"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) •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1887944/000095017024037605/0000950170-24-037605-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full fiscal year ended December 29, 2023"},{"label":"Revenue","value":"$633 million"},{"label":"Net income","value":"$(3) million (net income for year)"},{"label":"EPS","value":"$(0.11) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}