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Shimmick Secures Over $265M in New Project Awards
Shimmick announced more than $265M 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.
Shimmick Appoints Sarah Tacker as Executive VP and COO
Shimmick announced the appointment of Sarah Tacker as the executive VP and COO, effective April 28. In this role, Tacker will oversee Shimmick's operational functions and will be responsible for strengthening execution, improving processes, and supporting consistent performance as Shimmick continues to scale. Tacker will report to Ural Yal, CEO. Tacker is joining Shimmick from FlatironDragados, where she most recently served as VP, district manager.
Shimmick Secures Approximately $256M in Infrastructure Projects
Shimmick has secured approximately $256M in new infrastructure projects, advancing the company's plans to grow within its core expertise of water and electrical infrastructure in California and Texas. The newly awarded work includes stormwater and flood protection projects in California and a wastewater treatment plant expansion in Texas. Shimmick was awarded the Vista Grande Drainage Basin Improvements Project in Daly City, California, valued at approximately $180M. Shimmick was also awarded the Napa River/Napa Creek Flood Protection Project - Floodwalls North of the Bypass in Napa, California, valued at approximately $32M. Shimmick was selected for a subcontract on the Walnut Creek Wastewater Treatment Plant Expansion Project package in Austin, Texas, as part of the Construction Manager at Risk program, valued at approximately $44M.
Shimmick Corporation Named Preferred Bidder for $81.5M Projects in Los Angeles
Shimmick Corporation has been named the preferred bidder on two projects in the Los Angeles market, totaling approximately $81.5M in new work. The projects span water and electrical infrastructure and reflect growing demand for Shimmick's integrated civil and electrical delivery capabilities.
Shimmick Supports FY25 Consolidated Adjusted EBITDA Forecast of $5M to $15M
"We are seeing particularly strong traction in California and Texas markets, where our capabilities align well with growing water and electrical infrastructure demand," Yal continued. "In addition, bid volumes in our electrical business, Axia, continue to increase, especially across water, manufacturing and data center markets, positioning us well for future success. With new bids and pending awards, we expect to see strong growth in our electrical backlog in the next two quarters. The progress we are seeing across our business reflects the strength of our strategy we implemented at the beginning of 2025, disciplined execution, and momentum building for sustained growth. With strong overall bidding activity, consistent execution and positive market conditions, we continue to be optimistic about 2026."
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