Southland Awarded Civil Segment Projects Totaling $97 Million

Rhea-AI Summary

Southland Holdings (NYSE American: SLND) has announced that its subsidiary Oscar Renda Contracting, operating within its Civil segment, has secured two significant water resource projects in the Southwest region. The combined value of these projects amounts to approximately $97 million. These projects will be incorporated into the company's backlog for the first quarter of 2025.

Positive

• Secured new contracts worth $97 million, strengthening revenue pipeline
• Projects to be added to Q1 2025 backlog, enhancing future business visibility

Negative

• None.

GRAPEVINE, Texas--(BUSINESS WIRE)-- Southland Holdings, Inc. (NYSE American: SLND and SLND WS) (“Southland”) announced today that a subsidiary in its Civil segment, Oscar Renda Contracting, has been awarded two water resource projects in the Southwest totaling approximately $97 million. The projects will be included in first quarter 2025 backlog.

About Southland

Southland is a leading provider of specialized infrastructure construction services. With roots dating back to 1900, Southland and its subsidiaries form one of the largest infrastructure construction companies in North America, with experience throughout the world. The company serves the bridges, tunneling, communications, transportation and facilities, marine, steel structures, water and wastewater treatment, and water pipeline end markets. Southland is headquartered in Grapevine, Texas. For more information, please visit Southland’s website at www.southlandholdings.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on Southland’s current beliefs, expectations and assumptions regarding the future of Southland’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Southland’s control. Southland’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by Southland in this press release is based only on information currently available to Southland and speaks only as of the date on which it is made. Southland undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250402058265/en/

Southland Contacts:

Alex Murray

Corporate Development & Investor Relations

amurray@southlandholdings.com

Source: Southland Holdings, Inc.

FAQ

What is the total value of new contracts awarded to Southland Holdings (SLND) in the Southwest region?

Southland Holdings secured two water resource projects totaling approximately $97 million through its subsidiary Oscar Renda Contracting.

When will the new $97M contracts be added to Southland Holdings' (SLND) backlog?

The projects will be included in Southland Holdings' first quarter 2025 backlog.

Which Southland Holdings (SLND) subsidiary won the new water resource projects?

Oscar Renda Contracting, a subsidiary in Southland's Civil segment, was awarded the projects.

What type of projects did Southland Holdings (SLND) win in the Southwest?

Southland Holdings won two water resource projects through its Civil segment subsidiary.