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Southland Holdings Inc (SLND) provides comprehensive infrastructure solutions across civil and transportation sectors worldwide. This news hub offers investors and industry professionals timely updates on the company's project milestones, financial performance, and strategic developments.
Access verified information about SLND's heavy civil construction projects, including water systems, bridge construction, and transportation infrastructure updates. The curated collection features earnings reports, partnership announcements, and operational achievements that demonstrate the company's technical expertise in complex engineering environments.
Key updates include progress on major infrastructure developments, leadership changes, and innovations in construction management. All content undergoes strict verification to ensure accuracy and relevance for stakeholders monitoring the heavy civil construction sector.
Bookmark this page for direct access to Southland Holdings' official communications and third-party analyses. Regular updates provide critical insights into the company's role in shaping modern infrastructure across North America and international markets.
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.
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.
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.
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.
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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