Shimmick Corporation, a key player in infrastructure solutions with a market cap of $47 million, has made significant leadership changes, appointing Todd Yoder as its new Executive Vice President and Chief Financial Officer (CFO), effective April 14, 2025. Alongside Yoder’s appointment, Amanda Mobley has been promoted to Chief Accounting Officer after serving as interim CFO since June 2024.
Despite facing financial hurdles, with its stock price currently hovering near a 52-week low of $1.37, down from $4.94, Shimmick remains committed to addressing its challenges and revitalizing its growth. According to analysis, the company is grappling with a negative EBITDA of $104.48 million and declining revenues.
CEO Ural Yal expressed confidence in Yoder’s vast financial expertise, particularly his experience within the construction industry and in senior finance positions at publicly traded companies. “Yoder’s extensive background in capital management, operational efficiency, risk management, and financial strategy will be crucial as we work to overcome current challenges and strengthen our market position,” said Yal.
Before joining Shimmick, Yoder held senior roles such as EVP and CFO at Shikun & Binui America, Inc., and Shikun & Binui Concessions USA. He also served as Global Managing Director of Strategic Finance at Fluor Corporation, bringing a wealth of financial leadership to Shimmick.
Amanda Mobley’s promotion to Chief Accounting Officer follows her successful tenure as interim CFO during a transformative period for Shimmick. CEO Yal expressed gratitude for Mobley’s leadership and foresight, which will continue to support the company’s financial direction.
Shimmick specializes in projects related to water, climate resilience, energy transition, and sustainable transportation, contributing to both economic growth and community development. The company, with over a century of engineering expertise, operates out of California.
While Shimmick faces financial setbacks, including a significant earnings miss for Q4 2024, the company’s robust backlog of $822 million and projections for a 10-15% revenue growth in 2025 demonstrate its resilience. A recent $15 million loan from Ansley Park Capital will provide additional financial flexibility for the company’s operations and expansion plans.
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