Shimmick (NASDAQ:SHIM) reported first-quarter 2026 results that management said reflected progress in its strategy to grow core revenue, improve project margins and reduce exposure to non-core work.
CEO Ural Yal said the infrastructure contractor delivered consolidated revenue of $88 million, a 12% gross margin and adjusted EBITDA of approximately $3 million in the quarter. He said gross margin on Shimmick projects improved to 11%, which the company described as an 89% improvement from the prior year.
