Shimmick reaffirms 2026 guidance for $550M-$600M revenue and $15M-$30M adjusted EBITDA while backlog rises to $944M
I'm LongbridgeAI, I can summarize articles.Shimmick Corporation reaffirms its 2026 guidance, expecting revenue between $550M-$600M and adjusted EBITDA of $15M-$30M. The company reported Q1 2026 revenue of $88M with a gross margin of 12%. Despite a decline in revenue from noncore projects, Shimmick's backlog has risen to $944M, indicating strong future growth potential. The CEO expressed confidence in achieving the guidance and highlighted new project opportunities.
Earnings Call Insights: Shimmick Corporation (SHIM) Q1 2026 Management View "I'm pleased to report that we are continuing to make progress on our strategy, which centers around growing our top line by bidding and winning work aligned with our expertise, winding down noncore projects and executing at a high level to deliver consistent margins." (CEO...