Financial Snapshot

Revenue
$514.7M
TTM
Gross Margin
-10.13%
TTM
Net Earnings
-$103.8M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
79.51%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$973.0K
Q3 2024
Cash
Q3 2024
P/E
-0.9869
Nov 29, 2024 EST
Free Cash Flow
-$100.4M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021
Revenue $632.8M $664.2M $572.7M
YoY Change -4.73% 15.98%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021
Revenue $632.8M $664.2M $572.7M
Cost Of Revenue $610.4M $640.6M $705.4M
Gross Profit $22.37M $23.50M -$132.8M
Gross Profit Margin 3.54% 3.54% -23.19%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021
Selling, General & Admin $61.51M $60.40M $77.50M
YoY Change 1.83% -22.06%
% of Gross Profit 274.93% 257.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.12M $15.98M $14.93M
YoY Change 7.14% 7.03%
% of Gross Profit 76.53% 68.0%
Operating Expenses $64.13M $63.10M $80.20M
YoY Change 1.62% -21.32%
Operating Profit $435.0K -$39.60M -$213.0M
YoY Change -101.1% -81.41%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021
Interest Expense $10.30M $52.50M $1.100M
YoY Change -80.37% 4672.73%
% of Operating Profit 2368.74%
Other Income/Expense, Net -$2.721M -$8.700M $233.6M
YoY Change -68.72% -103.72%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021
Pretax Income -$2.286M $4.200M $21.70M
YoY Change -154.43% -80.65%
Income Tax $0.00 $1.300M -$24.10M
% Of Pretax Income 30.95% -111.06%
Net Earnings -$2.546M $3.800M $45.40M
YoY Change -167.0% -91.63%
Net Earnings / Revenue -0.4% 0.57% 7.93%
Basic Earnings Per Share -$0.11 $0.17
Diluted Earnings Per Share -$0.11 $0.15 $1.78

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021
Cash & Short-Term Investments $62.94M $77.80M $73.20M
YoY Change -19.1% 6.28%
Cash & Equivalents $62.94M $77.80M $73.20M
Short-Term Investments
Other Short-Term Assets $14.40M $18.30M $33.50M
YoY Change -21.32% -45.37%
Inventory
Prepaid Expenses
Receivables $180.1M $137.3M $148.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $257.5M $233.5M $255.2M
YoY Change 10.26% -8.5%
Property, Plant & Equipment $70.23M $77.90M $84.40M
YoY Change -9.85% -7.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $21.28M $17.40M $17.70M
YoY Change 22.32% -1.69%
Other Assets $20.12M $22.00M $20.40M
YoY Change -8.53% 7.84%
Total Long-Term Assets $169.2M $213.3M $236.8M
YoY Change -20.68% -9.92%
Total Assets $426.7M $446.8M $492.0M
YoY Change
Accounts Payable $81.59M $67.50M $57.10M
YoY Change 20.87% 18.21%
Accrued Expenses $69.06M $104.8M $71.40M
YoY Change -34.11% 46.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $317.0K $300.0K $300.0K
YoY Change 5.67% 0.0%
Total Short-Term Liabilities $271.3M $340.9M $388.7M
YoY Change -20.43% -12.3%
Long-Term Debt $29.66M $600.0K $900.0K
YoY Change 4842.5% -33.33%
Other Long-Term Liabilities $38.00M $34.80M $36.10M
YoY Change 9.2% -3.6%
Total Long-Term Liabilities $67.66M $35.40M $37.00M
YoY Change 91.12% -4.32%
Total Liabilities $355.4M $394.2M $445.4M
YoY Change -9.84% -11.5%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021
Basic Shares Outstanding 22.36K 21.91K
Diluted Shares Outstanding 22.36K 21.91K
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $102.4 Million

About Shimmick Corp

Shimmick Corp. engages in the provision of water and other critical infrastructure solutions. The company is headquartered in Irvine, California and currently employs 1,300 full-time employees. The company went IPO on 2023-11-14. The firm focuses on various types of infrastructure projects, including water treatment, water resources, and other critical infrastructure. The company expands, rehabilitates, upgrades, builds, and rebuilds water and wastewater treatment infrastructure, including desalination plants. The company implements cleantech treatment technologies including ozonation, biological activated carbon, membrane filtration, reverse osmosis, chemical treatment, and oxidation. The company also builds, expands, and enhances water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection. The company also upgrades and expands locks and dams along its waterways to enable continued emission-reduced movement of goods. The company also builds, retrofits, expands, rehabilitates, operates, and maintains its critical infrastructure, including mass transit, bridges, and military infrastructure.

Industry: Heavy Construction Other Than Bldg Const - Contractors Peers: Concrete Pumping Holdings, Inc. INNOVATE Corp. Southland Holdings, Inc. NORTHWEST PIPE CO NOCERA, INC. Orion Group Holdings Inc QUANTA SERVICES, INC. Emeren Group Ltd