StreetInsider.com News Articles

Shimmick completes $14.3M equipment refinancing at lower rate

Wed, 21 Oct 2026 09:01:09 -0400

Shimmick Corporation (NASDAQ: SHIM) completed a $14.3 million equipment refinancing transaction with Sixty-First Commercial Finance during the third fiscal quarter of 2026, according to a press release statement.

The five-year, fixed-rate deal refinanced existing equipment debt, reducing the company's borrowing rate from 12.50% to 9.31%, a reduction of approximately 319 basis points. The transaction also generated approximately $4.3 million in incremental liquidity.

"By leveraging the value of our existing equipment portfolio, we secured a significantly lower fixed interest rate while generating additional liquidity," said Todd Yoder, Chief Financial Officer of Shimmick.

Sixty-First Commercial Finance is a joint venture between Sixth Street's Asset Based

Shimmick Completes $14.3 Million Equipment Refinancing, Reduces Borrowing Costs

Wed, 21 Oct 2026 09:00:00 -0400

IRVINE, Calif., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Shimmick Corporation (NASDAQ: SHIM), a leading provider of water and critical infrastructure solutions, today announced that it completed a $14.3 million equipment refinancing transaction during the third fiscal quarter of 2026 with Sixty-First Commercial Finance.

The five-year, fixed-rate financing refinanced existing equipment debt, reducing the Company's borrowing rate from 12.50% to 9.31%, an improvement of approximately 319 basis points. The transaction also generated approximately $4.3 million in incremental liquidity, further enhancing Shimmick's financial flexibility.

“This refinancing reflects our continued focus on optimizing our capital structure and reducing financing

Shimmick Completes $14.3 Million Equipment Refinancing, Reduces Borrowing Costs

Wed, 21 Oct 2026 09:00:00 -0400

“This refinancing reflects our continued focus on optimizing our capital structure and reducing financing

Form 4 Shimmick Corp For: Oct 09 Filed by: Hurtado Cola Jaime Jose

Thu, 15 Oct 2026 16:44:00 -0400

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Form 3 Shimmick Corp For: Oct 09 Filed by: Hurtado Cola Jaime Jose

Thu, 15 Oct 2026 11:11:00 -0400

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Form 8-K Shimmick Corp For: Oct 02

Thu, 08 Oct 2026 17:20:00 -0400

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Form SCHEDULE 13D/A Shimmick Corp Filed by: AECOM

Wed, 12 Aug 2026 16:09:00 -0400

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Form SCHEDULE 13D/A Shimmick Corp Filed by: AECOM

Wed, 12 Aug 2026 16:09:00 -0400

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Shimmick Construction (SHIM) Tops Q2 EPS by 3c

Mon, 10 Aug 2026 17:01:25 -0400

Shimmick Construction (NASDAQ: SHIM) reported Q2 EPS of ($0.01), $0.03 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $107 million.

For earnings history and earnings-related data on Shimmick Construction (SHIM) click here.

Form 10-Q Shimmick Corp For: Jul 03

Mon, 10 Aug 2026 16:24:00 -0400

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Form 10-Q Shimmick Corp For: Jul 03

Mon, 10 Aug 2026 16:24:00 -0400

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Form 8-K Shimmick Corp For: Aug 10

Mon, 10 Aug 2026 16:09:00 -0400

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Form 8-K Shimmick Corp For: Aug 10

Mon, 10 Aug 2026 16:09:00 -0400

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Shimmick Corporation Announces Second Quarter 2026 Results

Mon, 10 Aug 2026 16:05:00 -0400

IRVINE, Calif., Aug. 10, 2026 (GLOBE NEWSWIRE) -- Shimmick Corp. (NASDAQ: SHIM), a leading infrastructure solutions provider in water, electrical and other critical infrastructure construction services, today announced financial results for the second quarter ended July 3, 2026.

Highlights

Reported Q2 2026 revenue of $107 million, $96 million of which was driven by Shimmick Projects
Reported Q2 2026 gross margin of $12 million, $11 million of which was driven by Shimmick Projects
- Total Q2 2026 gross margin up 53% quarter over quarter
Recognized

Shimmick Corporation Announces Second Quarter 2026 Results

Mon, 10 Aug 2026 16:05:00 -0400

Highlights

Reported Q2 2026 revenue of $107 million, $96 million of which was driven by Shimmick Projects
Reported Q2 2026 gross margin of $12 million, $11 million of which was driven by Shimmick Projects
- Total Q2 2026 gross margin up 53% quarter over quarter
Recognized

Shimmick Corporation Announces Second Quarter 2026 Results

Mon, 10 Aug 2026 16:05:00 -0400

Highlights

Reported Q2 2026 revenue of $107 million, $96 million of which was driven by Shimmick Projects
Reported Q2 2026 gross margin of $12 million, $11 million of which was driven by Shimmick Projects
- Total Q2 2026 gross margin up 53% quarter over quarter
Recognized

Shimmick Corporation Announces Second Quarter 2026 Results

Mon, 10 Aug 2026 16:05:00 -0400

Highlights

Reported Q2 2026 revenue of $107 million, $96 million of which was driven by Shimmick Projects
Reported Q2 2026 gross margin of $12 million, $11 million of which was driven by Shimmick Projects
- Total Q2 2026 gross margin up 53% quarter over quarter
Recognized

Shimmick Corporation to Announce Second Quarter 2026 Financial Results on August 10, 2026

Tue, 28 Jul 2026 09:15:00 -0400

IRVINE, Calif., July 28, 2026 (GLOBE NEWSWIRE) -- Shimmick Corporation (“Shimmick”) (Nasdaq: SHIM), a national leader in complex infrastructure solutions, today announced that the company will release its second quarter 2026 financial results after market close on Monday, August 10, 2026.

Shimmick will also host a video webcast conference call to discuss those results at 4:30 p.m. Eastern Time on the same day. The conference call will be live-streamed via the Company’s Investor Relations website (https://investors.shimmick.com/). A copy of the earnings call presentation will also be posted to our website.

A replay of

Shimmick Corporation to Announce Second Quarter 2026 Financial Results on August 10, 2026

Tue, 28 Jul 2026 09:15:00 -0400

A replay of

Shimmick Corporation to Announce Second Quarter 2026 Financial Results on August 10, 2026

Tue, 28 Jul 2026 09:15:00 -0400

A replay of

Shimmick Corporation to Announce Second Quarter 2026 Financial Results on August 10, 2026

Tue, 28 Jul 2026 09:15:00 -0400

A replay of

Shimmick wins $265M in infrastructure contracts across key markets

Mon, 27 Jul 2026 08:02:05 -0400

Shimmick Corporation (NASDAQ: SHIM) announced more than $265 million in new project awards across its water, transportation, and energy businesses, according to a press release from the Irvine, Calif.-based company.

The largest award is a $124 million contract from the Santa Clara Valley Water District for the Coyote Creek Flood Protection Project in Northern California. Shimmick will construct approximately nine miles of flood protection improvements, including floodwalls, berms, and stormwater infrastructure, in San José.

In Texas, Shimmick received a $42 million contract for a third segment of the Walnut Creek Wastewater Treatment Plant Expansion Project. The scope includes process equipment installation, mechanical

Shimmick Secures More Than $265 Million in Water, Transportation and Energy Infrastructure Awards

Mon, 27 Jul 2026 08:00:00 -0400

Recent wins strengthen Shimmick's position across water, transportation, energy, industrial and electrical infrastructure while expanding backlogs in key growth markets

IRVINE, Calif., July 27, 2026 (GLOBE NEWSWIRE) -- Shimmick Corporation (NASDAQ: SHIM), a leading infrastructure solutions provider, today announced more than $265 million in new project awards across its Water & Industrial and Energy & Infrastructure businesses. The awards expand the Company's backlog and reinforce its position in critical infrastructure markets, spanning flood protection, water treatment, transportation, and electrification.

"These awards reflect continued demand for the specialized infrastructure solutions Shimmick delivers across our key end markets," said

Shimmick Secures More Than $265 Million in Water, Transportation and Energy Infrastructure Awards

Mon, 27 Jul 2026 08:00:00 -0400

Recent wins strengthen Shimmick's position across water, transportation, energy, industrial and electrical infrastructure while expanding backlogs in key growth markets

"These awards reflect continued demand for the specialized infrastructure solutions Shimmick delivers across our key end markets," said

Shimmick Secures More Than $265 Million in Water, Transportation and Energy Infrastructure Awards

Mon, 27 Jul 2026 08:00:00 -0400

Recent wins strengthen Shimmick's position across water, transportation, energy, industrial and electrical infrastructure while expanding backlogs in key growth markets

"These awards reflect continued demand for the specialized infrastructure solutions Shimmick delivers across our key end markets," said