Shimmick Corporation delivered a positive 1Q26, with record backlog, improved margins, and reaffirmed guidance for substantial revenue and adjusted EBITDA growth this year. SHIM's valuation is more reasonable than before, but remains unattractive at 15–20x optimistic earnings, given ongoing risks inherent to EPC project profitability. Despite strong backlog and margin improvements, sustainability of growth and profitability depends on continued project wins and avoidance of cost overruns.
Shimmick NASDAQ: SHIM reported first-quarter 2026 results that management said reflected progress in its strategy to grow core revenue, improve project margins and reduce exposure to non-core work.
Shimmick Corporation (SHIM) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to a loss of $0.22 per share a year ago.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Jesper Bonnivier Avanza Fonder AB | 26,764 | $73,715.43 | $99,294.44 | $25,579.01 | 34.7% |
| Construction & Engineering Industry | Industrials Sector | Ural Yal CEO | NASDAQ (CM) Exchange | 82455M109 CUSIP |
| US Country | 971 Employees | - Last Dividend | - Last Split | - IPO Date |
Shimmick Corporation is a prominent provider of critical infrastructure solutions across the United States, focusing on water and other vital sectors. Established in 1990 and headquartered in Irvine, California, Shimmick has built a strong reputation in delivering high-quality infrastructure projects critical for community development and protection. The company was originally known as SCCI National Holdings, Inc. before rebranding to Shimmick Corporation in September 2023. As a subsidiary of GOHO, LLC, it continues to expand its portfolio, serving a diverse range of federal, state, and local government clients with its innovative and sustainable infrastructure solutions.
Shimmick Corporation specializes in the development and rehabilitation of water and wastewater treatment facilities. These projects are designed to ensure the provision of clean water and the safe treatment and disposal of wastewater, reflecting the company's commitment to environmental sustainability and public health.
This service includes the construction and maintenance of dams, levees, flood control systems, pump stations, and coastal protection infrastructure. By focusing on these areas, Shimmick Corporation plays a crucial role in managing water resources, protecting communities from flooding, and ensuring the reliability of water supply systems.
The company engages in the construction of infrastructure for mass transit systems, including light rail, subways, and bus rapid transit. These projects are essential for urban development, reducing traffic congestion, and providing efficient, sustainable transportation options for the public.
Shimmick Corporation's expertise extends to the construction and rehabilitation of bridges, allowing for the safe and efficient movement of people and goods. These projects are vital for connecting communities, enhancing trade, and facilitating economic growth.
Shimmick also undertakes a variety of projects related to military infrastructure, ensuring the safety, efficiency, and resilience of facilities critical for national security. This includes the construction of bases, training facilities, and other infrastructure needed by the military.