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Shimmick Gets $27.6 Million Subcontract for California Project; Shares Rise After Hours
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Shimmick Gets $27.6 Million Subcontract for California Project; Shares Rise After Hours
Jul 16, 2024 3:04 PM

05:46 PM EDT, 07/16/2024 (MT Newswires) -- Shimmick ( SHIM ) said late Tuesday it secured a roughly $27.6 million subcontract for work on the Sunol Valley Water Treatment Plant Ozonation project in California.

The water infrastructure company said it will install high-voltage power systems, and instrumentation and controls for the new facility.

Shimmick ( SHIM ) said the San Francisco Public Utilities Commission awarded the prime contract worth approximately $234.8 million to J.F. Shea Construction in May.

Shimmick ( SHIM ) shares were up more than 48% in after-hours activity.

Price: 3.0700, Change: +1.00, Percent Change: +48.31

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