{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-097570","form_type":"8-K","ticker":"SHIM","cik":"0001887944","company_name":"Shimmick Corp","filed_at":"2024-08-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.107433+00:00","generated_at":"2026-05-31T09:06:33.650314+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Shimmick Q2 net loss $51M on $91M revenue; legacy project settlement drags results","bullets":["Revenue $91M (down 41% YoY); net loss $51M vs $10M loss; adjusted EBITDA loss $40M.","Settled US Army Corps of Engineers claim for $33M, causing $30M net loss on legacy project.","Sale-leaseback of Tracy equipment yard for $20.5M; net $17M used to reduce MidCap revolver.","FY2024 guidance: Shimmick Projects revenue flat, gross margin 4-9%; Legacy Projects revenue $55-65M at negative 80-90% margin.","Backlog $923M (80%+ Shimmick Projects); transformation focuses on California water infrastructure."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-097570","json":"https://secwatch.observer/filing/0000950170-24-097570.json","markdown":"https://secwatch.observer/filing/0000950170-24-097570.md","text":"https://secwatch.observer/filing/0000950170-24-097570.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1887944/000095017024097570/0000950170-24-097570-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1887944/000095017024097570/shim-20240815.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T09:06:33.650314+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}