Shimmick reports Q3 adjusted EPS 72c vs. $1.67 last year

Reports Q3 revenue $166M vs. $175M last year.”We believe the GGB Project settlement is a major step forward in our progress to a more capital light focused business focused on capturing the growth opportunity in the California water and critical infrastructure market,” said Steve Richards, Chief Executive Officer of Shimmick (SHIM). “We don’t expect the election to have a material impact as infrastructure typically has bipartisan support and the recently passed $10 billion water-focused California Proposition 4 should provide additional market support,” Mr. Richards continued.