Shimmick Corporation (SHIM)

As of November 11, 2025, Shimmick's stock price was $2.11, with a 52-week range between $1.30 and $3.78. The company's listing date on NASDAQ was November 14, 2023, with an issue price of $7.00. In the fourth quarter and fiscal year 2024, Shimmick Corp. announced its financial results, reporting liquidity of $100 million as of January 3, 2025, and entering into a new credit agreement on March 12, 2025, providing a total commitment of $15 million. Revenue recognized on "Shimmick Projects" was $80 million for the three months ended January 3, 2025, while revenue from "Foundations Projects" declined due to an agreement to sell these assets.

Shimmick's growth strategy includes expanding its presence in high-growth markets such as renewable energy and urban infrastructure, aligning with global trends toward environmental responsibility. The company also plans to explore new product categories like smart city solutions and advanced water treatment technologies to address emerging market needs. Shimmick believes the next 10 years will present significant opportunities in the industry, supported by federal funding legislation, particularly in water infrastructure. The company's backlog of projects as of December 29, 2023, was approximately $1.1 billion, with over half comprised of water projects, suggesting consistent demand driven by ongoing infrastructure needs and government initiatives, rather than strong seasonality.

Shimmick Corporation, established in 1990 and headquartered in Irvine, California, specializes in delivering turnkey infrastructure solutions across critical markets, including water, energy, climate resiliency, and sustainable transportation. The company operates in the Construction and Engineering sector, focusing on heavy civil construction, water resource management, power and energy, environmental services, and other critical infrastructure. Shimmick provides integrated solutions combining engineering, construction, and project management services, generating revenue through various contract types. The company was formerly known as SCCI National Holdings, Inc. and changed its name to Shimmick Corporation in September 2023.

Shimmick Corporation operates across the United States, serving both public and private sector clients. Its corporate office is located in Irvine, California, with a focus on providing water and other critical infrastructure solutions nationwide.

Shimmick Corporation is known for delivering complex and large-scale projects, technical expertise, and commitment to sustainability. The company emphasizes its mission to safely and efficiently build infrastructure that sustains and enhances communities, driven by innovation, quality, and client satisfaction. Shimmick also highlights its commitment to solving the pressing issue of aging and deteriorating water infrastructure in the United States. No specific events negatively affecting Shimmick Corp.'s reputation in the past year were found in the provided search results.

Information regarding major institutional and individual owners of Shimmick Corp. was not found in the provided search results.