Shimmick Q4 net loss widens to $38M; FY2025 Adj EBITDA guided $15-25M

Shimmick Corp

Q4 revenue $104M (down 25% YoY); net loss $38M vs $17M loss a year ago; Adjusted EBITDA -$27M.
FY2024 revenue $480M (down 24%); net loss $125M; backlog $822M with 87% Shimmick Projects.
Legacy Projects gross margin -69% in Q4 (vs -17% prior year); Foundations -189%.
FY2025 guidance: Shimmick Projects rev +10-15% with gross margin 9-12%; Adj EBITDA $15-25M.
New $15M credit facility replaces MidCap revolver; liquidity $100M as of Jan 3, 2025.

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