Shimmick sees full-year 2026 revenue between $525 mln and $575 mln
Company reaffirms 2026 adjusted EBITDA guidance of $15 mln to $30 mln
Shimmick expects favorable market conditions and record backlog to support growth
Overview
US infrastructure builder's Q2 revenue fell year-over-year
Q2 adjusted net loss improved from last year
Company reaffirmed full-year 2026 revenue and adjusted EBITDA guidance, citing record backlog
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Shimmick Corp is $6.50, about 47.1% above its August 7 closing price of $4.42
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 31 three months ago
Result drivers and key details
Project wind-down - Co said revenue fell as lower-margin operation and maintenance projects completed and activity on existing projects declined
Higher-margin projects - Gross margin improved due to new higher-margin projects ramping up, per co
Non-core projects - Gross margin on Non-Core Projects rose as prior cost overruns and schedule extensions did not recur and favorable settlements were achieved
SHIM•
