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Southland Awarded New Civil Segment Projects Totaling $150 Million
Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
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.
Positive
Securing three new projects totaling $150 million highlights Southland's strong position in the civil segment.
The projects involving water pipeline, tunnel, and water treatment plant improvements showcase Southland's diversification in its project portfolio.
The addition of these projects to the second quarter 2024 backlog indicates a promising future revenue stream for Southland Holdings.
Negative
None.
GRAPEVINE, Texas--(BUSINESS WIRE)--
Southland Holdings, Inc. (NYSE American: SLND and SLND WS) (“Southland”) announced today that two subsidiaries in its Civil segment, Oscar Renda Contracting and Southland Contracting, have been awarded three new water resource projects totaling approximately $150 million. The three new awards consist of water pipeline, tunnel, and water treatment plant improvement projects. The projects will be included in second quarter 2024 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.
