---
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"
generated_at: "2026-06-04T06:37:57.033433+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-037605
- JSON: https://secwatch.observer/filing/0000950170-24-037605.json
- Plain text: https://secwatch.observer/filing/0000950170-24-037605.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1887944/000095017024037605/0000950170-24-037605-index.htm

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