Shimmick Q3 2025 revenue $142M, Adj. EBITDA $4M (first positive in 4 qtrs), backlog up 15% QoQ

Shimmick Corp

2026-Q3 EPS reported -$0.65 revenue$392,432,000

Revenue $142M; Shimmick Projects revenue $107M (+6% YoY); net loss $4M ($0.12 diluted loss per share).
Adjusted EBITDA $4M (first positive quarter in four) vs $30M in Q3 2024 (which included $17M gain on sale and $11M settlement).
Backlog $754M, up 15% QoQ; book-to-burn ratio 1.7x; $190M in new awards in Q3 2025.
FY2025 guidance reaffirmed: Shimmick Projects revenue $405-415M, consolidated Adj. EBITDA $5-15M; expects revenue at higher end, EBITDA at lower end.
Non-Core revenue $35M vs $65M in Q3 2024 due to prior-year one-time settlement; gross margin improved on Shimmick Projects to 9%.

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