Shimmick Corp

For the period ended Sep 27, 2024. Filed Nov 12, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 27, 2024 · Filed Nov 12, 2024

SHIM$2.33+0.4%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

	Three Months Ended		Nine Months Ended
	September 27,	September 29,	September 27,	September 29,
	2024	2023	2024	2023
Revenue	$166,035	$175,448	$376,684	$494,744
Cost of revenue	153,846	158,436	411,485	471,967
Gross margin	12,189	17,012	(34,801)	22,777
Selling, general and administrative expenses	12,985	14,022	47,878	47,841
ERP pre-implementation asset impairment and associated costs	15,708	—	15,708	—
Total operating expenses	28,693	14,022	63,586	47,841
Equity in earnings (loss) of unconsolidated joint ventures	812	2,577	(779)	9,570
Gain on sale of assets	16,896	30,069	20,585	31,749
Income (loss) from operations	1,204	35,636	(78,581)	16,255
Interest expense	1,977	412	4,370	1,020
Other expense, net	791	393	3,335	48
Net (loss) income before income tax	(1,564)	34,831	(86,286)	15,187
Income tax expense	—	—	—	—
Net (loss) income	(1,564)	34,831	(86,286)	15,187
Net income attributable to non-controlling interests	—	264	—	257
Net (loss) income attributable to Shimmick Corporation	$(1,564)	$34,567	$(86,286)	$14,930
Net (loss) income attributable to Shimmick Corporation per common share
Basic	$(0.05)	$1.58	$(2.96)	$0.68
Diluted	$(0.05)	$1.58	$(2.96)	$0.68

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.