Shimmick Revenue Jumps 42 Percent in Q2
Shimmick (NASDAQ:SHIM), a leading contractor in water, climate resilience, and infrastructure projects, reported results for Q2 FY2025 on August 14, 2025. The company reported GAAP revenue of $128 million, Revenue rose 42% year over year and beating analyst expectations by $14.8 million. Non-GAAP diluted loss per share came in at $(0.14), in line with consensus. Gross margin (GAAP) reversed from negative territory last year and finished at $8 million. Overall, these results mark a period of strong top line and margin recovery, yet profitability remains elusive and full-year earnings expectations have been revised downward due to continued weakness in legacy non-core business segments.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Shimmick is a specialty contractor focused on building, maintaining, and upgrading water, transportation, and critical infrastructure systems. Its expertise spans water treatment plants, reservoirs, mass transit facilities, and climate resilience projects across the United States.
Source Fool.com
