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Southland Holdings Inc - LGTOU STOCK NEWS

Welcome to our dedicated page for Southland Holdings news (Ticker: LGTOU), a resource for investors and traders seeking the latest updates and insights on Southland Holdings stock.

Southland Holdings Inc (LGTOU) maintains a dynamic presence across multiple industries through strategic investments and disciplined asset management. This news hub provides investors with centralized access to official announcements, financial developments, and operational updates from the diversified holding company.

Track LGTOU's latest earnings reports, acquisition activity, leadership changes, and market positioning through verified press releases and analysis. The curated collection serves as a reliable resource for monitoring portfolio performance, corporate governance decisions, and industry-specific developments.

Key updates include strategic partnership announcements, regulatory filings, capital allocation strategies, and operational milestones across the company's diversified holdings. Content is organized chronologically while maintaining contextual relevance to long-term investment objectives.

Bookmark this page for streamlined access to Southland Holdings Inc's evolving business narrative. Combine these updates with fundamental analysis tools on Stock Titan to maintain informed perspectives on the company's market position.

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Southland Holdings announced its Q1 2024 results, reporting a revenue of $288.1 million, a 5% increase from Q1 2023's $274.8 million. The gross profit rose to $20.4 million, up from $18.9 million. However, the company faced a net loss of $0.4 million, significantly improved from the $4.7 million loss in Q1 2023. The Adjusted EBITDA fell to $10.9 million from $12.7 million. The backlog decreased to $2.64 billion from $2.83 billion as of December 31, 2023. Despite the improvements in revenue and gross profit, the company saw a decline in its Adjusted EBITDA and backlog, affecting its long-term outlook.

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Southland Holdings (NYSE American: SLND) reported its Q1 2024 results. The company saw a 5% increase in revenue to $288.1 million compared to Q1 2023's $274.8 million. Gross profit rose to $20.4 million from $18.9 million, with a margin increase from 6.9% to 7.1%. The net loss attributable to stockholders decreased significantly to $0.4 million, or $(0.01) per share, from $4.7 million, or $(0.11) per share, in Q1 2023. Adjusted EBITDA fell to $10.9 million from $12.7 million. Southland's backlog decreased to $2.64 billion from $2.83 billion at the end of December 2023. Selling, general, and administrative expenses dropped by 7.6% to $14.4 million. The company highlighted strong demand in its core markets due to substantial federal and local infrastructure investments.

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Southland Holdings, awarded a $202 million contract to construct the Bull Run Filtration Facility Project in Portland, Oregon, through its subsidiary Oscar Renda Contracting. The project includes various water filtration components to provide safe drinking water to approximately one million residents in three counties. The project is expected to be completed in the second quarter of 2024.

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Southland Holdings, a specialized infrastructure construction services provider, will release its first quarter 2024 results on May 13, 2024. A conference call will be held on May 14, 2024, accessible online.

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Southland Holdings, a company listed under NYSE American as SLND, announced that its subsidiaries, Oscar Renda Contracting and Southland Contracting, secured three new civil segment projects worth $150 million. These projects involve water pipeline, tunnel, and water treatment plant improvements, contributing to the company's second quarter 2024 backlog.

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Southland Holdings, Inc. (SLND) subsidiary, Oscar Renda Contracting, secures $56 million contract for a wastewater treatment plant construction in the Southwest.
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Southland Holdings, Inc. (NYSE American: SLND) reported financial results for Q4 2023 with revenue of $316.2 million, a 7% increase from the previous year. However, the company experienced a net loss of $5.6 million attributed to stockholders. For the full year 2023, revenue remained flat at $1.2 billion, with a gross profit of $35.8 million but a net loss of $19.3 million.
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Southland Holdings, Inc. (NYSE American: SLND) to release Q4 and full-year 2023 results on March 4, 2024, with a conference call on March 5, 2024.
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Southland Holdings, Inc. (NYSE American: SLND and SLND WS) has announced approximately $470 million in new awards for the fourth quarter of 2023 backlog, including projects for the Metropolitan Transportation Authority in New York, the California Department of Transportation in San Francisco, and the City of Dallas. These awards cover a range of infrastructure projects, including bridge rehabilitation, tunnel construction, and water resource installations.
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Southland Holdings, Inc. announces financial results for Q2 2023 with revenue of $257 million, down 5.9% YoY. Gross loss of $34 million and net loss of $13 million. Backlog increases to $2.7 billion, up 36% YoY. Positive cash flow of $24 million.
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