Shimmick Corporation Reports Q3 2025 Earnings and Growth
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Shimmick Corporation reported Q3 2025 earnings with $142 million in revenue, a 5% year-over-year increase, and a 67% rise in gross margin for Shimmick Projects. The backlog grew by 15% to $754 million, with $190 million in new work. Despite a $4 million net loss due to Non-Core Projects, the company is optimistic about 2026, driven by strong bidding activity and market conditions in California and Texas. Shimmick reaffirms its 2025 guidance, expecting high-end revenue for Shimmick Projects and lower-end adjusted EBITDA.
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