logo
Shimmick Corporation to Announce First Quarter 2025 Financial Results on May 14, 2025

Shimmick Corporation to Announce First Quarter 2025 Financial Results on May 14, 2025

Globe and Mail12-05-2025

IRVINE, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- Shimmick Corporation ('Shimmick') (Nasdaq: SHIM), a leading infrastructure solutions provider specializing in complex water, climate resilience, energy transition, and sustainable transportation projects, today announced that the company will release its first quarter 2025 financial results after market close on Wednesday, May 14, 2025.
Shimmick will also host a video webcast conference call to discuss those results at 5:00 p.m. Eastern Time on the same day. The conference call will be live-streamed via the Company's Investor Relations website (https://investors.shimmick.com/). A copy of the earnings call presentation will also be posted to our website.
A replay of the video webcast will be available through the same link following the conference call for a limited time beginning immediately following the call.
About Shimmick
Shimmick (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 shimmick.com.
Contact:

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Should You Buy Citigroup While It's Below $76?
Should You Buy Citigroup While It's Below $76?

Globe and Mail

time29 minutes ago

  • Globe and Mail

Should You Buy Citigroup While It's Below $76?

Citigroup (NYSE: C) is one of the best-known banks in the United States and probably the world. But it doesn't have the best history when it comes to dealing with adversity, given its less-than-impressive performance during the Great Recession. Even though it is a much different company today than it was back then, investors can probably do better. Here's why and how. What does Citigroup do? Citigroup is a bank, providing basic financial services to consumers and businesses. This is the core of its business. However, it also operates in the investment banking, wealth management, and markets spaces. The business is not significantly different from any of its largest peers, though it is important to note that Citigroup is more than just a simple bank. That said, it is just as important to take a little historical journey with Citigroup. That's because it allowed itself to get caught up in the housing market meltdown that happened during the Great Recession. It was forced to take a government bailout, and it cut its dividend. Neither the share price nor the dividend are back to the levels seen prior to the Great Recession. So nearly 15 years after the event, shareholders are still deeply underwater. To be fair, Citigroup is not the same company it was back then. It is more financially secure and is being operated more prudently. And yet the stock price has bumped repeatedly up against the $76 or so price level over the past decade only to fall back lower. With the stock price back up near that level, should investors buy on the hope that it will break through what appears to be an emotionally-driven price cap? Data by YCharts. There are better options than Citigroup The first concern that investors should probably have right now is related to the U.S. economy. There are legitimate worries that current tariff and tax policies could lead to a period of weakness. If that includes a recession, Citigroup stock will probably head lower again. That said, it seems unlikely that a recession will have the same impact on the business as did the Great Recession. So this risk is legitimate, but probably not something that should stop you from buying Citigroup in and of itself. That's where another important factor comes up -- the dividend. Citigroup currently offers a yield of around 3%. The average bank is yielding around 2.7%. That's a clear yield advantage, but you can actually do better if you buy Toronto-Dominion Bank (NYSE: TD) and its 4.4% yield. Given that one of the key reasons to buy Citigroup is the dividend, this is an important comparison to consider. One big difference between these two equally large North American banks is that TD Bank, as it is more commonly known, didn't cut its dividend during the Great Recession. That's because Canadian banks like TD Bank face more rigid regulations in their home market and, thus, tend to operate with more conservative business models. And that is an important fact to consider today because TD Bank is suffering through a self-imposed wound. TD bank's U.S. business was used to launder money. It paid a large fine, is working to upgrade its internal controls, and is under an asset cap until regulators are happy with the new controls. Its core Canadian business is unaffected by the asset cap (which effectively means the U.S. business can't grow until the cap is lifted) but overall growth will be slower for a few years than it has been historically. The U.S. business was expected to be TD Bank's growth engine. This is not good news, but it will likely pass in time. And that's the opportunity because investors have reacted by dumping TD Bank's stock. This has pushed the yield up toward historical highs and created a long-term opportunity for dividend investors (and turnaround investors). Investors can take comfort in the fact that, despite the headwinds, TD Bank increased its dividend yet again at the start of 2025. It was a modest hike, but the point of the increase was to signal that the bank was down, but not out. Even Citibank below $76 isn't as compelling as TD Bank There's nothing inherently wrong with Citigroup. Investors probably wouldn't be making a huge mistake to buy it even as it bounces up against a stock price ceiling it has hit several times before. But with a yield of around 3%, investors can do much better with TD Bank and its 4.4% yield and turnaround potential as it recovers from a self-inflicted wound. While economic concerns will impact both of these large banks, TD Bank appears to offer more opportunity for income and capital appreciation today. Should you invest $1,000 in Citigroup right now? Before you buy stock in Citigroup, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Citigroup wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor 's total average return is979% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025

Costco Wholesale's Sales Are Increasing Modestly, But 1 Part of the Business Is Gaining Much Faster
Costco Wholesale's Sales Are Increasing Modestly, But 1 Part of the Business Is Gaining Much Faster

Globe and Mail

time29 minutes ago

  • Globe and Mail

Costco Wholesale's Sales Are Increasing Modestly, But 1 Part of the Business Is Gaining Much Faster

When it comes to running a brick-and-mortar retail business, Costco Wholesale (NASDAQ: COST) arguably does it better than anybody else. As of May 2025, the company has 905 locations, including 624 U.S. locations. These stores had nearly $62 billion in net sales in the fiscal third quarter of 2025 (which ended on May 11). For those doing the math, this works out to around $68 million in quarterly net sales per Costco location, which is extraordinary and emphasizes my original statement: This company might do physical retail better than anyone else. In short, Costco is huge and stores already generate substantial sales. The challenge is that the bigger the business, the harder it is to grow. In Q3, Costco's same-store sales were up less than 6%. Granted, any growth at this scale is impressive. But it's still a more modest growth rate. The potential problem for shareholders is that growth is one of the most important things to consider when investing in stocks. There are other important factors, yes. But the best stocks have above-average growth rates more often than not, and Costco's growth is modest. Growth for Costco's primary retail business may be modest. But the company does have some under-appreciated growth hiding just beneath the surface. Costco's better growth business The first number to look at is near the surface. In Q3, Costco had e-commerce net-sales growth of nearly 15%. Through the first three quarters of fiscal 2025, it's had e-commerce net-sales growth of more than 16%. Both of these growth rates far surpass the growth rate for the overall business. There are benefits for a brick-and-mortar business that can get its customers to transact digitally. This is why Costco recently partnered with Affirm. People are frequently using buy now, pay later options such as this. By only offering this option on certain purchases in its e-commerce portal, Costco hopes this will drive digital transactions. When a traditional retail business such as Costco has a growing digital business, the biggest benefit is better profit margins -- and that's really important here. Costco has better ability to track its customers than most retailers. Everyone who shops at Costco is a paying member, and purchases are tied to the member's account. Therefore, the company knows who is buying what and when they're buying it, whether the purchase is online or in the store. Advertisers would love to use Costco's data to personalize ads to its members. One place they can better target them is on an e-commerce portal. But they're not necessarily limited to this. They can also send personalized mailers to try to drive a sale. Regardless of the method, Costco generates advertising revenue for little incremental cost, which improves margins. In this case, however, the company doesn't use this margin tailwind to pad its bottom line. Rather, it takes this advertising revenue and lowers prices on its products for its members. This is how it stays the low-price leader. To be clear, Costco isn't only growing its digital business with its e-commerce platform. Its curated marketplace Costco Next is also a budding opportunity. It's a platform for its members that gives them good pricing on select items purchased directly from third parties. Costco's management didn't disclose exact numbers, but it did say that Q3 sales for Costco Next were bigger than Costco Next's sales for all of fiscal 2022. So whatever the growth rate is, it's substantial. Understanding the big picture Costco tries to keep its sales prices low, so sales growth isn't necessarily the best metric to watch with this business. Retail sales don't move the needle much with profits, anyway. What does matter are Costco's memberships. The company's goal is to attract members and keep them returning. Keeping prices low with things such as advertising revenue helps it do this, and it continues to be a winning strategy. Its Q3 retention rate was close to 93%, which is pretty strong. Overall growth in Costco's paid memberships was only 7% in Q3. That number would ideally be higher. But thanks to an increase in membership prices, Q3 membership income was up more than 10% year over year. Since this constitutes a large portion of its overall profits, this is good growth. Costco stock has been a great long-term investment and its huge membership base is a big reason for this. If the company can keep its prices low, it should continue to do well with its membership base. While top-line growth is modest, growth in its digital efforts is allowing it to keep prices low, which supports its membership-based business model. That's something that really matters for investors. Should you invest $1,000 in Costco Wholesale right now? Before you buy stock in Costco Wholesale, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Costco Wholesale wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor 's total average return is979% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025

4 Monster Stocks to Buy and Hold for the Next Decade
4 Monster Stocks to Buy and Hold for the Next Decade

Globe and Mail

time44 minutes ago

  • Globe and Mail

4 Monster Stocks to Buy and Hold for the Next Decade

The U.S. equity market has been anything but calm in 2025, as several factors, including persistent trade tensions, rising macroeconomic uncertainties, and geopolitical challenges, have weighed on overall investor sentiment. But seasoned investors know this: Periods of market volatility offer a chance to acquire fundamentally strong, high-quality stocks with robust growth prospects and a strong competitive moat at attractive valuation levels. Historically, this strategy has yielded handsome returns for patient investors. Against this backdrop, here's why these four stocks can prove exceptional buy-and-hold picks in the next decade. 1. Microsoft Few companies are better positioned to ride the artificial intelligence (AI) wave than Microsoft (NASDAQ: MSFT). The company plays a critical role in building AI infrastructure worldwide. Its deep partnership with ChatGPT developer OpenAI enabled it to infuse AI across its entire ecosystem. Copilot, its AI-powered assistant, integrated across the Office 365 productivity suite and GitHub, is all set to become a key revenue driver in the coming years. Then there's Azure, Microsoft's cloud computing platform, which now commands a 22% market share globally in the AI infrastructure space. The company is also building new data centers globally, opening new facilities in 10 countries in the third quarter alone. This has laid the foundation for Azure's future growth. Its highly diversified business model with recurring revenue streams truly sets Microsoft apart. The company's annuity mix (the proportion of its revenue derived from recurring sources like subscriptions and long-term contracts) was a very high 98% in the fiscal third quarter of 2025, which ended March 31. Commercial remaining performance obligations, a barometer to gauge future revenue visibility, also grew 34% year over year to $315 billion. The balance sheet is also robust, with a cash balance of $79.6 billion. This has allowed Microsoft to pursue an aggressive AI investment strategy while returning $9.7 billion to shareholders as dividends and share repurchases. All these factors make Microsoft a smart pick now. 2. Meta Platforms Meta Platforms' (NASDAQ: META) dominance in digital advertising and solid growth prospects make it attractive for long-term investors. The company generated nearly $41.4 billion in revenue in the recent quarter by reaching 3.4 billion people daily across its social media applications, almost 40% of the global population. Meta's AI investments are already showing tangible returns. The company's AI-powered content recommendation system has increased time spent on Facebook by 7% and Instagram by 6% in the past six months. The new AI-powered ads recommendation model for Reels has boosted the ad conversion rates by 5%. The Meta AI virtual assistant has nearly 1 billion monthly active users. Furthermore, there are also other avenues to monetize Meta's large customer base. The company aims to leverage WhatsApp's massive user base to strengthen its business messaging and mobile commerce position in developed markets. Meta is a highly profitable and free cash flow-positive company that plans to invest nearly $64 billion to $72 billion in fiscal 2025. Considering the robust tailwinds, Meta seems a worthwhile pick now. 3. Amazon Amazon (NASDAQ: AMZN) stands to benefit from several growth catalysts in the next decade. AWS dominates the cloud infrastructure services market with a 29% share. The cloud computing platform achieved a $117 billion annualized revenue run rate with a 40% margin as of the end of the first quarter of fiscal 2025. The company's e-commerce business is also getting stronger thanks to a newly redesigned inbound network, increasing adoption of robotics and automation, and expansion of the same delivery sites. Finally, advertising has also become a significant growth driver, generating $13.9 billion in revenue in the first quarter. Amazon is also leveraging its advanced AI capabilities across e-commerce, cloud computing, advertising, and all other business areas to boost productivity and improve cost efficiencies. CEO Andy Jassy confirmed the AI business is already a "multibillion-dollar annual run rate" that is "growing [at] triple-digit year-over-year percentages," despite being in its nascent stages. The company offers custom Trainium 2 chips, which have 30% to 40% better price-to-performance ratios than competitors. Meanwhile, their proprietary Nova foundation models and Bedrock platform are helping multiple large clients build custom AI applications. With a robust core business and a rapidly growing AI business, Amazon can become a significant wealth-generating machine in the coming years. 4. Vertex Pharmaceuticals Vertex Pharmaceuticals ' (NASDAQ: VRTX) dominance in the cystic fibrosis (CF) market and its successful diversification into pain management position it as an exceptional long-term investment opportunity now. Vertex generated over $10 billion in annual revenue from the CF franchise. The company's triple combination CF drug Trikafta (also known as Kaftrio outside the U.S.) is the primary revenue driver and can treat nearly 95% of CF patients in core markets. Additionally, the recently approved CF drug Alyftrek has demonstrated even better therapeutic efficacy in clinical trials and is effective for 31 additional genetic mutations of CF not covered by Trikafta. Plus, the drug offers improved patient convenience with once-daily dosing as compared to Trikafta's twice-daily dosing. This can further expand Vertex's penetration in the CF market. Beyond CF, Vertex's pain management drug Journavx is showing strong early adoption and expanding payer coverage. With the U.S. government policy firmly in favor of non-opioid pain management alternatives, the company sees tremendous growth potential for this oral non-opioid drug. Vertex's pipeline includes multiple late-stage programs with three potential filings expected by 2026. The company's acquisition of Alpine Immune Sciences has also added multiple potential kidney disease drug candidates to its research pipeline. Vertex is financially stable with $11.4 billion in cash on its balance sheet. Hence, the company has significant financial flexibility to invest in organic and inorganic growth initiatives. Considering Vertex's multiple tailwinds and financial strength, the stock is a compelling pick now. Should you invest $1,000 in Microsoft right now? Before you buy stock in Microsoft, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Microsoft wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor 's total average return is979% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Manali Pradhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Meta Platforms, Microsoft, and Vertex Pharmaceuticals. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store