SHIM SHIMMICK CORP

Shimmick Launches Axia Electric LLC to Expand Specialized Electrical Offerings Across Infrastructure Markets

Shimmick Launches Axia Electric LLC to Expand Specialized Electrical Offerings Across Infrastructure Markets

Shimmick has recently received electrical contracts totaling $42 million, with total electrical work under contract exceeding $380 million

IRVINE, Calif., June 23, 2025 (GLOBE NEWSWIRE) -- Shimmick Corporation (“Shimmick” or the “Company”) (Nasdaq: SHIM), a national leader in complex infrastructure solutions, is proud to announce the launch of Axia Electric LLC (Axia Electric), a dedicated electrical subsidiary designed to meet growing market demand for specialized, high-performance electrical and power distribution solutions.

Axia Electric builds on more than 20 years of Shimmick’s proven success delivering complex electrical systems for clients across the public and private sectors—including municipalities, airports, ports, technology companies, developers, and industrial manufacturers. The new standalone entity will serve low- and medium-voltage markets, with an additional focus on commissioning and operations and maintenance (O&M) services.

“Our electrical team has a longstanding track record of delivering outstanding results on some of the nation’s most critical infrastructure,” said Ural Yal, CEO of Shimmick. “With Axia Electric, we’re sharpening that focus to better serve a growing market and increasing demands from our customers for our electrical and power services. Axia allows us to scale in this high-demand market and deliver greater value to our clients who are increasingly seeking specialized electrical expertise and complement our offering with Shimmick’s proven heavy civil capabilities.”

Axia Electric will serve a range of infrastructure markets, including water, industrial, mission-critical, aviation, transportation, transit, and energy. The subsidiary’s self-perform model, strong safety culture, and ability to deliver turnkey solutions offer our clients the best possible budget and schedule outcomes.

“With more than 150 skilled employees and an industry-leading track record in safety and quality, Axia Electric will be well-positioned to grow and lead,” said Fernando DeLeon, President of Axia Electric. “In this growing segment of the industry, our clients are demanding more from their contractor partners—and we’re ready to meet that demand with focus, expertise, and agility.”

Under the leadership of Mr. DeLeon, Shimmick is proud to announce recent electrical contract awards totaling $42 million. These include projects for the Orange County Sanitation District, the San Francisco Public Utilities Commission, and the City of Santa Cruz in California, as well as Redwood Materials in Nevada. Currently, Shimmick has over $380 million in active electrical construction projects under contract. The company is enthusiastic about the growth opportunities presented by Axia Electric LLC, which builds on Shimmick's extensive electrical expertise.

Media Contact:

Tonya Sandman, Director of Marketing & Communications

Investor Relations Contact:

1-949-704-2350



EN
23/06/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on SHIMMICK CORP

 PRESS RELEASE

Shimmick Preferred Bidder on $81.5 Million in Water and Electrical Pro...

Shimmick Preferred Bidder on $81.5 Million in Water and Electrical Projects in Los Angeles Market Shimmick continues to advance sustainable transportation and critical infrastructure projects in Southern CA IRVINE, Calif., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Shimmick Corporation (Nasdaq: SHIM) ("Shimmick" or the "Company"), a national leader in complex infrastructure solutions, has been named the preferred bidder on two projects in the Los Angeles market, totaling approximately $81.5 million in new work. The projects span water and electrical infrastructure and reflect growing demand for ...

 PRESS RELEASE

Shimmick Corporation Announces Third Quarter 2025 Results

Shimmick Corporation Announces Third Quarter 2025 Results IRVINE, Calif., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Shimmick Corp. (NASDAQ: SHIM), a leading infrastructure solutions provider in water, electrical and other critical infrastructure construction services, today announced financial results for the third quarter ended October 3, 2025. Third Quarter 2025 and Recent Highlights Reported revenue of $142 million, with $107 million coming from Shimmick Projects Shimmick Projects revenue up 6% year over yearTotal revenue up 5% year over year when excluding the one-time favorable Non-Core Pr...

 PRESS RELEASE

Shimmick Corporation to Announce Third Quarter 2025 Financial Results ...

Shimmick Corporation to Announce Third Quarter 2025 Financial Results on November 13, 2025 IRVINE, Calif., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Shimmick Corporation (“Shimmick”) (Nasdaq: SHIM), a national leader in complex infrastructure solutions, today announced that the company will release its third quarter 2025 financial results after market close on Thursday, November 13, 2025. Shimmick will also host a video webcast conference call to discuss those results at 4:30 p.m. Eastern Time on the same day. The conference call will be live-streamed via the Company’s Investor Relations website...

 PRESS RELEASE

Shimmick Announces New Contracts in California and Washington

Shimmick Announces New Contracts in California and Washington Approximately $78 million in new contracts for the iconic Santa Monica Pier and Renton Transit Center highlight Shimmick’s expertise and West Coast growth IRVINE, Calif., Sept. 16, 2025 (GLOBE NEWSWIRE) -- Shimmick Corporation (“Shimmick” or the “Company”) (Nasdaq: SHIM), a national leader in complex infrastructure solutions, has been selected for award on two new contracts that highlight its expertise in delivering critical transportation projects: the Santa Monica Pier Bridge Replacement Project in California and the Renton...

 PRESS RELEASE

Shimmick Corporation Announces Second Quarter 2025 Results

Shimmick Corporation Announces Second Quarter 2025 Results IRVINE, Ca., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Shimmick Corp. (NASDAQ: SHIM), a leading infrastructure solutions provider in water, climate resilience, energy transition and sustainable transportation, today announced financial results for the second quarter ended July 4, 2025. Second Quarter 2025 and Recent Highlights Reported revenue of $128 million, up 42% year over year, with $113 million coming from Shimmick ProjectsReported gross margin of $8 million, as compared to gross margin of $(31) million during the second q...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch