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    Jerry Sweeney • Roth MKM

    Gerard 'Jerry' Sweeney is a Managing Director and Senior Research Analyst at Roth Capital Partners, specializing in the Industrials sector with a particular focus on environmental services, water infrastructure, and sustainability-driven growth companies. He covers companies directly impacted by trends in unconventional energy production, water management, and select growth industrials, leveraging insights from over 14 years in capital markets roles spanning research, sales, and equity syndicate. Prior to joining Roth in September 2014, Sweeney gained experience at Boenning & Scattergood, where he focused on environmental infrastructure, as well as at Aqua Terra Asset Management and Janney Montgomery Scott. He holds a B.A. from the University of Pennsylvania, an M.B.A. from Temple University's Fox School of Business, and possesses deep sector expertise, though specific securities licenses and performance metrics are not publicly disclosed.

    Jerry Sweeney's questions to Shimmick Corp (SHIM) leadership

    Jerry Sweeney's questions to Shimmick Corp (SHIM) leadership • Q2 2025

    Question

    Jerry Sweeney from Roth MKM asked whether the increased activity on non-core projects was due to pulling work forward or scope expansion, and about the potential for change orders. He also sought clarity on the long-term margin trajectory, the risk-adjusted strategy for expanding the Axia Electric subsidiary, and future SG&A expense levels.

    Answer

    CEO Yarl Yarl clarified that the non-core project activity is a mix of accelerating the work and some scope growth, with related change orders being negotiated. He projected a gradual margin improvement as new work is added. CFO Todd Yoder and Yarl Yarl addressed SG&A, stating the focus is on leveraging the current cost structure to support revenue growth, with an aspirational target of 7.5% of revenue. Yarl Yarl also noted that Axia Electric's expansion is lower-risk due to its mobile workforce and subcontractor role in new markets.

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