---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-124590"
form_type: "8-K"
ticker: "SHIM"
cik: "0001887944"
company_name: "Shimmick Corp"
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:17:58.430634+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Shimmick Q3 revenue $166M, net loss $2M; GGB settlement $97M; Ural Yal named CEO

## Summary
- Revenue $166M, down from $175M YoY; Shimmick Project revenue $101M with 6% gross margin.
- Net loss $2M ($0.05 diluted loss) vs net income $35M in prior year; adjusted net income $24M ($0.72 adjusted EPS).
- Golden Gate Bridge project settlement will bring $97M cash before end of 2024; substantial completion expected Q3 2025.
- Ural Yal hired as CEO, starting Dec 2, 2024; Steve Richards retiring after 43-year career.
- FY 2024 guidance: Shimmick Projects gross margin 4-7% (flat revenue); Legacy Projects revenue $90-95M with negative (40-50)% gross margin.

## SEC filing metadata
- accession: 0000950170-24-124590
- form_type: 8-K
- ticker: SHIM
- cik: 0001887944
- company_name: Shimmick Corp
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1887944/000095017024124590/0000950170-24-124590-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1887944/000095017024124590/shim-20241112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-124590
- JSON: https://secwatch.observer/filing/0000950170-24-124590.json
- Plain text: https://secwatch.observer/filing/0000950170-24-124590.txt

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