---
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"
generated_at: "2026-05-31T09:06:33.650314+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Shimmick Q2 net loss $51M on $91M revenue; legacy project settlement drags results

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-097570
- JSON: https://secwatch.observer/filing/0000950170-24-097570.json
- Plain text: https://secwatch.observer/filing/0000950170-24-097570.txt

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