Shimmick Q4 net loss narrows due to jump in margins

Shimmick

12/03/2026 20:52

Overview

US infrastructure builder's Q4 revenue fell yr/yr

Company posted Q4 net loss, but losses narrowed from prior year on higher gross margin

Q4 adjusted EBITDA turned positive

Outlook

Shimmick expects 2026 revenue between $550 mln and $600 mln

Company projects 2026 adjusted EBITDA of $15 mln to $30 mln

Shimmick anticipates a slower start to 2026 with sequential improvement as new awards ramp up

Result Drivers

CORE PROJECTS RAMP-UP - Revenue and gross margin gains were driven by new, higher-margin Shimmick Projects ramping up

NON-CORE WIND-DOWN - Declining revenue from Non-Core Projects as legacy work continued to wind down

COST OVERRUNS DID NOT RECUR - Gross margin improved as prior-year cost overruns on Non-Core Loss Projects did not repeat

Company press release: ID:nGNX6kn6CQ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$100 mln
$110.90 mln (2 Analysts)
Q4 Adjusted Net Income
Miss
-$2 mln
-$1.30 mln (1 Analyst)
Q4 Net Income
-$3 mln
Q4 Adjusted EBITDA
Beat
$4 mln
$3.85 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Shimmick Corp is $4.50, about 51% above its March 11 closing price of $2.98

The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 72 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)