Shimmick Corporation Achieves First GAAP Net Income Since 2023
SHIM Shimmick Corp
$2.34 +3.08%
View chart & analysis → - 1Shimmick Corporation recorded a GAAP net income of $900,000 in the third quarter, its first since 2023.
- 2Shimmick reached a financial inflection point with total third-quarter revenue of $136,000,000.
- 3Shimmick's total backlog and pending contracts of $1,300,000,000 represent a 33% increase compared to the previous year.
So what's the key point?
Shimmick Corporation made a profit of $900,000 in the third quarter. This means the company has started making money as its workload increased by 33% compared to last year.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.