Shimmick Corporation reports third quarter revenue of $142 million
I'm PortAI, I can summarize articles.
Shimmick Corporation reported third-quarter revenue of $142 million, down from $166 million in 2024. Gross margin decreased to $11 million, with a net loss of $4 million. Adjusted EBITDA fell to $4 million from $30 million last year. Nine-month revenue rose to $392 million. The company reaffirmed its 2025 guidance, expecting revenue between $485 million and $505 million and adjusted EBITDA between $5 million and $15 million. Asset sale gains decreased by $17 million, impacting net loss.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments