Article

Shimmick Corporation has been awarded approximately $256 million in infrastructure projects in California and Texas, focusing on water systems. In California, the company will execute the $180 million Vista Grande Drainage Basin Improvements Project in Daly City to enhance stormwater infrastructure and the $32 million Napa River Flood Protection Project to build floodwalls protecting over 2,000 homes.

In Texas, Shimmick will subcontract on the $44 million Walnut Creek Wastewater Treatment Plant Expansion in Austin, increasing the plant's capacity to 100 million gallons per day. Shimmick's financial performance shows challenges, including a -12.33% net margin and an Altman Z-Score of 0.84, indicating potential bankruptcy risk.