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Shimmick Awarded $51 Million Contract for Bellota Weir Modifications in Stockton, California

1. Shimmick awarded $51 million contract for water infrastructure project in California. 2. The project enhances water reliability and supports ecological restoration efforts. 3. Construction expected to start in 2025 after final permits are approved. 4. CEO emphasizes balance between infrastructure improvement and environmental safety. 5. This project aligns with compliance for protecting threatened fish species.

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FAQ

Why Bullish?

The contract award indicates consistent revenue growth and market confidence in Shimmick’s capabilities. Historical data show that substantial projects tend to positively influence stock prices, as seen in similar infrastructure firms post-award.

How important is it?

The contract is substantial and mentioned specific ecological benefits, boosting Shimmick’s profile in a growing market. As water management becomes increasingly important, this contract positions SHIM favorably among competitors.

Why Long Term?

This project lays the groundwork for sustained revenue and ongoing contracts in water-related infrastructure. Successful delivery can enhance Shimmick's reputation, attracting future projects and partnerships over the next several years.

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Project advances regional water resilience and environmental restoration efforts July 22, 2025 08:30 ET  | Source: Shimmick Corporation IRVINE, Calif., July 22, 2025 (GLOBE NEWSWIRE) -- Shimmick Corporation (“Shimmick” or the “Company”) (Nasdaq: SHIM), a national leader in complex infrastructure solutions, has been awarded a $51 million contract by the Stockton East Water District (SEWD) for the Bellota Weir Modifications project in Stockton, California. The project includes the construction of a new inflatable Obermeyer gate weir across Mormon Slough, a surface water intake with cylindrical fish screens, a vertical slot fish ladder featuring lamprey ramps, and a gravity flow conveyance system comprising multiple 54-inch pipelines. Additional features include a fish exclusion embankment, a low-permeability cutoff wall in the Old Calaveras River, and site improvements designed to support groundwater recharge, water quality, and ecological restoration in the region. Located approximately 17 miles downstream of New Hogan Dam, the project is a key component of SEWD’s long-term strategy to improve water reliability while enhancing fish habitat on the Calaveras River. The upgrades align with the district’s Calaveras River Habitat Conservation Plan and support compliance with state and federal mandates to protect threatened species, including Central Valley steelhead and Chinook salmon. “The Bellota Weir project exemplifies how infrastructure can serve both people and the environment,” said Ural Yal, CEO of Shimmick. “By combining advanced water conveyance with ecological safeguards, we’re helping shape the future of water management in California. We’re proud to partner with SEWD on a project that delivers lasting benefits for both communities and ecosystems across the region.” Construction is expected to commence in 2025, following the completion of final permitting and preconstruction activities. About ShimmickShimmick Corporation (NASDAQ: SHIM) is an industry leader in delivering turnkey infrastructure solutions that strengthen critical markets across water, energy, climate resiliency, and sustainable transportation. We integrate technical excellence with collaborative project delivery methods to provide innovative, technology-driven infrastructure solutions that accelerate economic growth and empower communities nationwide. With a track record that spans over a century, Shimmick, headquartered in California, unites deep engineering heritage with entrepreneurial spirit to tackle today's most complex infrastructure challenges. For more information, visit www.shimmick.com. Investor Relations:IR@shimmick.com1-949-704-2350 Media Contact:Tonya Sandmantonya.sandman@shimmick.com

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